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NEW DELHI: You have vacated your flat, handed over the keys, cleared pending bills, and expected your security deposit back. But instead of receiving the money, your landlord suddenly stops responding, delays payment, or starts making vague deductions for ‘damages.‘Security deposit disputes are among the most common conflicts between tenants and landlords. That said, tenants…
The Delhi High Court has refused to halt the OTT release of Dhurandhar: The Revenge in a copyright dispute over the alleged unauthorised use of the iconic song “Tirchi Topiwale” from Tridev.According to Live Law, Justice Tushar Rao Gedela declined to grant interim relief to Trimurti Films Private Limited, which had sought an injunction against…
MUMBAI: Credit growth continued to outpace deposit mobilisation for Punjab National Bank, Union Bank of India and IDFC FIRST Bank at the end of the March quarter, reflecting sustained loan demand in a tight liquidity environment.Punjab National Bank reported global advances of Rs 12,61,420 crore as of March 31, 2026, up nearly 13% year-onyear, while…
NEW DELHI: In 2016, Axis Bank refused to allow a Delhi-based company to deposit Rs 3.2 crore in cash during demonetisation. The National Consumer Disputes Redressal Commission has now ordered the bank to pay the amount with 6% interest to the company as its cash turned into “worthless paper” when the deadline passed and suffered…
There are several changes in the draft income tax rules that impact the way you pay income tax. (AI image) Draft Income Tax Rules 2026: The Income Tax Department has released a new set of draft income tax rules, which once finalised, will be applicable for financial year 2026-27. There are several changes in the…
Mumbai: Bank credit growth continued to outpace deposit mobilisation this financial year, tightening system liquidity even as lenders step up loan disbursements. By Jan-end 2026, the incremental credit-deposit (CD) ratio had climbed to 96.9%, sharply higher than the outstanding CD ratio of 82.3%, indicating that banks lent out nearly Rs 97 for every Rs 100…
MUMBAI: Banks will soon price deposit insurance by risk, while depositor protection stays unchanged. From April 1, 2026, RBI will adopt risk-based pricing for deposit insurance, a global norm, without altering coverage or payouts. Until now, all banks paid a flat premium of 12 paise per Rs 100 of deposits, regardless of financial strength. The…
MUMBAI: HDFC Bank’s chief has admitted that the bank has fallen short of its deposit mobilisation growth and has set a very wide range for credit-deposit targets for the current financial year and the next, highlighting the uncertain environment.“Having focused on granular segments has given us encouraging outcomes. We did, however, fall short of our…
MUMBAI: Deposit outflows during the first half of Dec, which was largely attributed to tax payments, widened the gap between credit offtake and deposit accretion at scheduled banks, highlighting a growing structural imbalance in the system. According to RBI data, on a year-on-year basis, deposit growth continued to lag credit expansion during the fortnight ended…
MUMBAI: The central board of Reserve Bank of India has approved a proposal to move to a risk-based pricing system for deposit insurance, marking a shift from the uniform premium currently charged to banks under the Deposit Insurance and Credit Guarantee Corporation (DICGC) scheme.Announcing the banking reform measures alongside the monetary policy decision in Oct,…
