Page 288 - Finance News

RBI releases draft on cyber resilience, digital payment security controls

According to the RBI's release, the central bank has invited feedback from the shareholders on the same

BRICS pitches for using local currencies in international transactions

BRICS nations underlined need for using local currencies in international trade and financial transactions besides committing themselves to supporting rule-based open and transparent global trade

Reserve Bank to conduct 14-day VRRR auction worth Rs 2 trillion today

India's banking system liquidity surplus has received a boost over the last few days and rose to Rs 1.76 trillion

Citi India, ISDM launch CIFSI to enhance research on innovative financing

Citi India and Indian School of Development Management (ISDM) announced the launch of the Centre for Innovative Finance and Social Impact (CIFSI) to enhance research on innovative financing

Liquidity surplus crosses Rs 1.75 trillion-mark on higher govt spending

The process to withdraw the Rs 2,000 note started from May 23

Rising risk appetite may affect some Banks' credit profiles: Fitch

Banks' loan growth over the financial year ended March 2023 (FY23) reached 15.4 per cent, the highest since FY12

GST mop-up crosses Rs 1.5 trillion for third month in a row; up 12% in May

The collections, tax experts said, reflects a continuation of the good economic performance across states witnessed since last year

Rupee appreciates by 33 paise to close at 82.42 against US dollar

The dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.20 per cent to 104.12

UPI transactions at record high of Rs 14.3 trn in May, spike in 10 days

Rise at a time when the government is pushing to bring various tax collections under digital payment

I-T dept to keep open SFT returns filing portal for FY'23 for 'couple days'

Under SFT, specified institutions are required to furnish the details of certain financial transactions or any reportable account registered/recorded/maintained by them during the year

Interest rates on fresh term deposits and loans dip in April, shows data

The rise in rates seems to have been arrested for now at the end of May. Deposits coming from the withdrawal of the Rs 2,000 note may improve liquidity

NFRA slaps Rs 1.10 cr fine, imposes ban on two auditors, one audit firm

After markets watchdog Sebi shared its investigation report in April 2022, the audit regulator started probing the professional misconduct of the auditors of GVIL

Japan's rally will impact flows into other mkts: Bank of America's Akutsu

In a Q&A, the bank's Chief Japan Equity Strategist says yen depreciation this time around is benefitting stock prices and Japanese markets will finally surpass the lifetime highs made 34 years ago

Govt receives Rs 20,97,368 crore tax revenue in FY23, reveals data

Out of the total revenue, Rs 20,97,368 crore is tax revenue (net to Centre), Rs 2,86,151 crore is non-tax revenue, and Rs 72,187 crore is Non-Debt Capital Receipt

BOB Financial opens up its entire RuPay Credit Card base for linking on UPI

RuPay Credit Cards' linking with UPI is transforming the way in which the credit consumption is perceived by the users in the country

RBI mulls lightweight payments & settlements for smooth ops during calamity

The system will ensure zero processing downtime during catastrophes such as natural disasters and war

ITR filing: Online ITR2 form for FY2022-23 (AY 2023-24) available

The offline Excel utility unlike the online version needs the taxpayer to download the form, complete it, and then upload it to the website for electronic filing

High staff attrition a significant operational risk to banks: RBI Dy Guv

Outsourcing, lack of succession planning and staff skilling also areas of concern, Jain says

Stringent rules for education loans turn parents towards gold loans

The recent surge in gold prices has made the yellow metal shinier as it fetches more funds for borrowers. Significantly, gold prices shot to Rs 60,000 per 10 grams from about Rs 50,000 a year ago

RBI Dy Guv calls for better risk management, governance at banks

The RBI has been urging banks to adopt effective risk management practices and strengthen their governance standards to avoid financial instability