The Reserve Bank of India (RBI) is likely to come up with a new set of rules governing the declaration of fraudulent accounts, having baked […]
Category: BFSI
RBI meets foreign banks over ESMA tussle
The Reserve Bank of India (RBI) has asked select foreign banks to approach their respective regulators and draft letters requesting that European bodies drop requirements […]
RBI allows AU Small Finance Bank, Equitas Bank to deal with foreign exchange
AU Small Finance Bank on Wednesday said it has received permission from Reserve Bank of India to deal in foreign exchange. Reserve Bank of India […]
NPA of self-help groups down to 1.8 per cent: Rural Development Minister
Non-performing assets (NPAs) of self-help groups (SHGs) have gone down to 1.8 per cent, Union Rural Development Minister Giriraj Singh said on Tuesday and called […]
Income Tax investigation against insurers widens to banks
The income tax (I-T) department last week sent notices to two large private banks in its ongoing probe into alleged malpractices involving commission payments by […]
PSU banks list assets for sale to NARCL after finance ministry nudge
The government-promoted asset reconstruction company will evaluate accounts of about 300 distressed companies with cumulative loans of Rs 3lakh crore for acquisition this fiscal year, […]
HDFC Bank set to meet liquidity norms post merger: Sources
HDFC Bank Ltd, India’s biggest private lender, is comfortably placed to meet reserve ratio requirements post its merger with parent HDFC Ltd , even as […]
Strong season, rush to bag tax sops to lift life insurers in Q4
Favourable seasonality and tax-rule changes pertaining to high-ticket, non-unit-linked savings products from April 1 would have ensured robust sales for Indian insurers in the March […]
Insurers seek sops to cover specially abled
General insurance companies will seek tax exemptions or direct subsidy to provide full coverage to specially abled people through new product offerings, said industry executives. […]
PTC Financial Services raises Rs 275 crore from IIFCL in its first ever borrowing since crisis
PTC India Financial Services (PFS), accused of corporate misgovernance, managed to raise Rs 275 crore from a state-owned financial institution as it looks to grow […]