In recent times many resident individuals, banking with various financial institutions, have used cards to carry out such international capital account transactions-oblivious that they were violating foreign exchange and banking rules. Some probably did it consciously to dodge the tax collected at source (TCS) or sidestep restrictions on overseas forex remittance.
SBI MF IPO vs ICICI AMC: Which is the better bet for investors ahead of Rs 11,600 crore issue?
SBI Funds Management’s IPO offers investors a chance to evaluate its market leadership. The company’s valuation appears reasonable when compared to its listed peers. SBI