Understanding Credit Ratings: Sebi Master Circular Mastering Credit Ratings As an investor considering debt instruments, it’s vital to be aware of the credit ratings assigned by agencies such as CRISIL and ICRA. These ratings serve as a crucial indicator of the instrument’s safety and risk level. To comprehend these ratings, it’s essential to grasp the underlying assessment criteria utilized by these agencies and the latest directives from the Securities and Exchange Board of India (Sebi) […]

Can Charitable Trusts Invest in Mutual Funds and Stocks? Introduction With the rise in popularity of mutual fund investments and direct stock trading in India, many investors are seeking better returns to meet their financial goals. However, there is still a lack of awareness among large non-profit organizations about the potential benefits of these financial instruments. This article explores the possibility of trusts, Section 8 companies, and societies investing in market-linked instruments. Understanding the Legal […]

Why Small Finance Banks Are Not Applying for Universal Banking Licences Yet Introduction The Reserve Bank of India recently announced new rules and guidelines for small finance banks (SFBs) to convert into universal banks. This is aimed at allowing SFBs to expand their operations and offer a wider range of financial services to customers. However, despite the new regulations, it is unlikely that any SFB will apply for a universal banking licence in the near […]

 Why Delaying Income Tax Return Filing Until 15 June Might Be Wiser Introduction: The income tax return (ITR) filing for the financial year 2023-24 (current assessment year) was opened in the first week of April. Although this is earlier than usual, there are compelling reasons to delay filing until 15 June. Reasons to delay ITR filing until 15 June TDS Reporting Exercise by Banks Finishes by 31 May: Banks and other entities report the tax […]

Understanding EPF Interest Crediting and Checking Account Balance The Employees Provident Fund Organisation (EPFO) recently engaged with its followers on ‘X’ platform through an online quiz. While some participants asked specific questions about when the interest for the financial year 2023-24 would be credited, the EPFO assured everyone that the process was underway and the interest would be paid in full without any loss. Subscriber Concerns and Feedback During the quiz, subscribers also raised other […]