Finance News
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June 25, 2022, Saturday
GST Council likely to consider changes in monthly tax payment form
Currently, GSTR-3B of a taxpayer includes auto drafted input tax credit (ITC) statements based on inward and outward B2B supplies ...
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June 25, 2022, Saturday
Puducherry and Punjab have the highest GST revenue shortfall, shows data
The good news is the revenue shortfall of all the states have narrowed from FY21 level to FY22 level
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June 24, 2022, Friday
Axis Bank reappoints Rajiv Anand as Dy Managing Director for three years
Anand joined Axis AMC in 2009 and was its founding MD and CEO. He subsequently went on to become the President (Retail Banking) ...
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June 24, 2022, Friday
RBI explores ways to ensure customer safety while dealing with PPIs
Earlier this week, RBI issued an advisory clarifying that non-bank PPI issuers cannot load their wallets and cards from credit ...
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June 24, 2022, Friday
RBI extends deadline for card tokenisation by another 3 months till Sept 30
Encourages cardholders to tokenise data themselves for preventing fraud
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June 24, 2022, Friday
Annapurna Fin eyes Rs 8,500 cr in assets by March 23; mulls SME credit arm
Gets $15 mn in equity from French investors, total fundraise reaches $100 mn
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June 24, 2022, Friday
Fintechs seek 1 yr sunset clause on RBI's PPI issuer credit lines directive
Earlier this week, the RBI directed the non-bank prepaid payment instrument (PPI) issuers to stop providing credit lines on such ...
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June 24, 2022, Friday
After govt clarity on TDS, will it be smooth sailing for crypto in India?
Recently the govt had announced to impose 1% TDS crypto assets. As the TDS regime is slated to come into effect from July 1, will ...
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June 24, 2022, Friday
Irdai may extend testing period to 3 years under regulatory sandbox
Insurance Regulatory and Development Authority of India (Irdai) is mulling to extend testing of products under the regulatory ...
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June 24, 2022, Friday
Regulator shouldn't view co-op banks with suspicion, says Amit Shah
Central government working to set up a national-level cooperative university
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June 23, 2022, Thursday
RBI's credit line norms: Card-based fintech players may have to stop offers
Some of the players expected to take a hit due to the RBI's diktat are Slice, Uni Cards, Jupiter, EarlySalary, etc
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June 23, 2022, Thursday
Decoded: The tizzy over RBI's ban on loading PPIs from credit lines
PPIs are instruments that facilitate the purchase of goods and services, conduct of financial services, enable remittance ...
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June 23, 2022, Thursday
RBI proposes norms for outsourcing of IT services by banks, NBFCs
Regulated entities (REs) will not require prior approval from the central bank for the outsourcing of IT and IT-enabled services
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June 23, 2022, Thursday
Former SBI official appointed member of advisory committee of SIFL & SEFL
The RBI Venkat Nageswar Chalasani, former Deputy Managing Director of SBI, as a member of the Advisory Committee of SIFL and SEFL ...
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June 23, 2022, Thursday
Private banks are better money managers, state-owned lenders grow faster
They witnessed higher gains from parking funds with RBI and income from investments; as rates rise, space for both would shrink
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June 23, 2022, Thursday
What is a twin deficit problem?
The finance ministry recently said that India is at low risk of stagflation. But it also cautioned about a twin deficit problem ...
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June 22, 2022, Wednesday
AU Small Finance Bank to invest over Rs 500 cr for IT, digital makeover
Sanjay Agarwal, managing director and chief executive, said the lender was in a growth phase and is spending to achieve digital ...
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June 22, 2022, Wednesday
What is a black swan event?
In a Reserve Bank of India paper, the authors allude to the risk of black swan event, saying that it may lead to outflows of Rs ...
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June 21, 2022, Tuesday
HDFC Bank to double network in 5 yrs; to add 1,500-2,000 branches annually
The bank proposes to nearly double its network of branches in the next three to five years by opening 1,500 to 2,000 branches ...
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June 21, 2022, Tuesday
HDFC Bank to shift payments from core banking, ensure minimal downtime
This would pave way for minimal payments downtime
