HDFC Bank, Kotak Mahindra Bank Go Live With Bharat Bill Payment System

Private sector lenders HDFC Bank Ltd. and Kotak Mahindra Bank Ltd. on Tuesday said they have gone live with the Bharat Bill Payment System (BBPS) aimed at easing utility and other recurring bill payments for consumers. The BBPS is a centralised system created by the National Payments Corporation of India (NPCI), involving banks and non-banks, and allows agents to access […]

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Mahindra Lifespaces and State Bank of India sign MoU

Mumbai,Feb 8 (IBNS) Mahindra Lifespace Developers Limited (MLDL), the real estate and infrastructure development arm of the Mahindra Group, on Wednesday announced a partnership with State Bank of India (SBI) for the establishment of a market-focused platform that will provide information and bespoke home buying solutions for customers across India. As part of the Memorandum of Understanding (MoU) signed, the […]

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Property as investment to lose edge due to capping of tax break proposed in Budget 2017

Borrowers claiming unlimited tax benefits on interest payment towards home loans for a rented out second property will have their tax deduction capped from 1 April 2018. While individuals today use this window to set off any loss arising from property against salary or other income, without any upper limit, they will be able claim a set off only up to […]

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