Page 292 - Finance News

JCB partners with NPCI to offer 40% cashback for RuPay JCB cardholders

All RuPay JCB Debit & Credit Cardholders will be offered 40% cashback on in-store purchases in the UAE, Thailand, Malaysia and Spain

RBI dividends to Centre may double due to gains, aiding fiscal gap

The RBI board is set to meet on Friday as early signs of slowing growth emerge with elevated interest rates and falling global demand

Well-equipped to deal with ECL framework: SBI Chairman Dinesh Khara

Non-NPA provisions of bank over Rs 35,500 crore

Changes in FEMA rules to bring parity in treatment of overseas spending

It said that instances came to notice of the tax authorities that remittances under LRS by some individuals were 'disproportionately high' to their disclosed sources of income

Paytm partners with SBI Card, NPCI to launch co-branded RuPay credit cards

Payments and financial services company Paytm on Thursday announced that it has partnered with SBI Card to launch Paytm SBI Card on the RuPay network

Paytm partners with SBI Card and NPCI to launch Paytm SBI Card on RuPay

Earlier this year, the Reserve Bank of India allowed users to link RuPay credit cards to the United Payments Interface

Business trips to be exempted from LRS changes, says finance ministry

Clarification on travel, education and medical treatment expenses to be issued later

DPIIT takes up startup taxation issue with finance ministry: Secretary

The Department for Promotion of Industry and Internal Trade (DPIIT) has taken up the taxation issue of startups with the finance ministry, a top government official has said

SBI Funds Management gets RBI's nod to acquire 9.99% stake in HDFC Bank

The lender in the filing also stated that SBI Funds Management has been advised by the central bank to complete the said stake acquisition in the bank within a period of six months

Credit card expenditure in forex to come under RBI's remittance scheme

Spending in foreign exchange through international credit cards will be covered under the RBI's LRS, under which a resident can remit money abroad up to a maximum of USD 2.50 lakh per annum

Banks express concern over high overnight funding costs, ask for RBI's help

Indian banks put forth their concerns over elevated overnight rates at a money markets association meeting last week and have informally asked the Reserve Bank of India to help manage liquidity

Irdai relaxes norms for surety bonds to expand market for such products

Irdai said it has relaxed norms for 'surety bonds', a type of insurance policy protecting parties involved in a transaction or contract from potential financial losses due to a breach of contract

IRDAI lowers the solvency requirement for surety bonds to 1.5 times

Removes 30% exposure limit on each contract

Have dependent family members? Buy return of purchase price annuity

Buy without return of purchase price plan if your retirement corpus is small

Banks request RBI for 1 more year to implement new loan provisioning system

Banks have requested the RBI for one more year's time to implement the system of Expected Credit Loss (ECL) for provisioning of loans

70% of MSMEs believe more than 50% of customers will pay using UPI

A report by NeoGrowth looks at the data from around 3,000 retail customers and 1,000 retail sellers across the country

Banks tighten rules around lending money to airlines after Go Air crisis

Repeated company failures dent the entire aviation industry's creditworthiness, the chief financial officer of an airline said

RBI board expected to consider dividend payout to government on Friday

The government has budgeted to receive a total Rs 48,000 cr ($5.8 bn) from the RBI and other financial institutions it holds stakes in

UPI-related scams account for 55% of total digital payments frauds in India

Half of these frauds, however, have a ticket size of less than Rs 10,000

Karur Vysya Bank Q4 net profit up 59% at Rs 338 cr, deposits up 12%

Tamil Nadu-based lender says it faced 'an extremely challenging environment'