RBI Issues Guidelines for Responsible Lending, Sets 30-Day Limit to Release Property Documents After Loan Closure The Reserve Bank of India (RBI) took a significant step on Wednesday by introducing guidelines for banks, non-banking financial companies (NBFCs), and other regulated entities to tackle borrower-related issues and encourage responsible lending practices. According to the RBI, regulated entities (RE) must release all original movable or immovable property documents and clear charges registered with any registry within 30 […]

Embracing Contract CXOs: A Strategic Initiative for Cost Optimization in Indian Banks   In a bid to optimize costs and enhance operational efficiency, Indian banks are increasingly turning to contract staffing, including hiring contract C-suite executives.  Headhunting firms have become instrumental in this paradigm shift, helping banks recruit subject-matter experts on flexible contracts. Embracing Contract CXOs Strategic Initiative for Cost Optimization in Indian Banks This article explores the driving factors behind this strategy, the sought-after […]

Rectify Mistakes in Your Income Tax Returns in India by Filing a Revised Return   Introduction for Revised Income Tax Return   Filing income tax returns is an important obligation for taxpayers in India. However, errors or omissions can occur while filing the original return. In such cases, it becomes necessary to rectify these mistakes by filing a revised return. This article will provide an in-depth guide on how to revise your income tax returns […]

SEBI proposes to restrict association with unregistered entities including Finfluencers   SEBI wants to make it harder for people to work with unregistered businesses, like Finfluencers. In the beginning   The Securities and Exchange Board of India (SEBI) has recently suggested new rules that would make it harder for people to work with private companies, like Finfluencers, and do business with them. This move is part of SEBI’s ongoing work to protect investors’ interests and […]

Common Mistakes that May Result in Receiving a Tax Notice Introduction Filing taxes can be an intimidating process, but it becomes even more daunting when you receive a notice from the tax authorities. One misstep in your tax return can land you in hot water with the taxman. To avoid this unpleasant situation, it is essential to be aware of the common mistakes that may lead to receiving a tax notice. Incorrect Reporting of Income […]