Page 277 - Finance News

RBI eyes 1 mn digital currency transactions daily by year-end: DG

The RBI has devised the e-rupee as a digital alternative to physical cash - using blockchain distributed-ledger technology

RBI cancels licence of 2 co-operative banks due to inadequate capital

The RBI on Tuesday cancelled the licence of two cooperative banks -- Sri Sharada Mahila Co-operative Bank, Tumkur, Karnataka and Harihareshwar Sahakari Bank, Wai, Satara

RBI governor asks banks to remain extra careful, focus on governance

The governor held meetings with the MD and CEOs of public sector banks and select private sector banks

BoA to pay over $100 mn for doubling fees, opening accounts without consent

Bank of America must pay more than $100 mn to customers for double-dipping on some fees, withholding reward bonuses and opening accounts without customer consent

Parliamentary committee to hear RBI, IT ministry on cyber related crimes

A parliamentary committee examining the issue of cyber security and rising incidents of cyber crimes has summoned officials of the Reserve Bank of India (RBI)

Travel credit card launched by IDFC FIRST Bank, Club Vistara, & Mastercard

The card will offer Club Vistara points, lounge benefits, annual rewards, golf benefits, and cover for cancelled flight and hotel bookings

Rupee appreciates 21 paise to 82.38 against US dollar in early trade

However, a surge in crude oil prices capped sharp gains for the local unit, forex traders said

SBI to sell 2% equity stake in IPO-bound NSDL through offer for sale

State Bank of India (SBI) on Monday said it proposes to sell 2 per cent stake by offloading 40 lakh shares in depository organisation NSDL

'Expedite loan sanction, disbursement for projects under Rs 10,000-cr UIDF'

Financial Services Secretary Vivek Joshi on Monday asked officials to expedite sanction and disbursement of loans to eligible projects under Rs 10,000-crore urban infrastructure development fund UIDF

Securitisation volumes surge 60% to Rs 55,000 cr in Q1: Crisil Report

Robust loan collections and high credit growth at non-bank lenders led to 60% jump in securitization volumes to Rs 55,000 crore in June quarter, a report said on Monday

Banks, consumer cos to brighten earnings in India amid IT uncertainties

India's banks have largely remained insulated from a global crisis in the industry with their heavy reliance on local markets

GST Council meeting: Onus of deducting TCS may be on ONDC sellers

Tuesday's GST Council meet likely to put out clarification

Govt allows ED to share data with GSTN, move to help recovery of GST

GSTN handles the technology backbone of the indirect tax regime and is the repository of all GST-related information, including return, tax filing and other compliances

Make hay while the sun shines

It's time for the government, the majority owner of public-sector banks, to reap the benefit of the rally in bank stocks

GST Council to clarify on TCS liability of e-commerce suppliers on ONDC

ONDC or Open Network for Digital Commerce is a new initiative of the department for promotion of industry and internal trade (DPIIT)

New GST rules on anvil; biz may have to explain discrepancy in ITC claims

The Committee has suggested that the provision should kick in if the difference is more than 20 per cent and more than Rs 25 lakh

Punjab National Bank infuses Rs 72.83 crore in its Bhutan subsidiary

State-owned Punjab National Bank on Friday said it has infused Rs 72.82 crore in its Bhutan subsidiary Druk PNB Bank Ltd via a rights issue

National Pension Scheme to add 1.3 million new subscribers in FY24

To roll out systematic withdrawal plan in October

Rupee hits six-week low against US dollar, loses 1% against greenback

Stronger-than-expected job data firmed up expectation of further interest rate hike by the US Federal Reserve

India's forex reserves rise by $1.85 billion to $595.05 billion: RBI

Gold reserves dropped by $472 million to $43.832 billion, the RBI said