The Reserve Bank of India (RBI) has refuted recent reports regarding missing banknotes printed by banknote printing presses. The RBI clarified that these reports were […]
Category: BFSI
Fintech City will make Tamil Nadu an unparalleled hub in financial technology: Industries Minister
The proposed financial technology tower of Fintech City being set up in Chennai is expected to bring in investments worth Rs 1,000 crore in its […]
DGGI Gurugram bust fake ITC racket worth Rs 863 crore, 2 held
The Gurugram Zonal Unit of Directorate General of GST Intelligence has busted a major fraudulent Input tax Credit (ITC) racket involving 461 fake entities, which […]
Rs 2,000 note withdrawal: Kotak Mahindra Bank garners deposits of Rs 5,400 crore
Kotak Mahindra Bank has garnered about Rs 5,400 crore of fresh deposits courtesy of the RBI’s move to withdraw the Rs 2,000 denomination notes, a […]
Future LoCs to Africa could cover defence, says EXIM Bank MD
India’s future Lines of Credit (LoCs) to Africa could focus on defence exports to meet the requirements of the continent, MD of EXIM Bank of […]
Gold loan NBFC Indel Money looks to strengthen presence in western, central India
Gold loan non-banking finance company (NBFC) Indel Money has taken the decision to strengthen its presence in western and central India as a part of […]
Priority Sector Lending target deadline for Urban Cooperative Banks extended
Urban cooperative banks (UCB) are getting more regulatory relaxations. The Reserve Bank of India (RBI) has extended the deadline for meeting their priority sector lending […]
Cooperative banks will soon be able to do compromise settlements, write-offs on NPAs: Shaktikanta Das
Reserve Bank Governor Shaktikanta Das on Thursday said cooperative lenders will soon be able to do technical write-offs and execute compromise settlements with defaulting borrowers. […]
NCUI signs MoU with HCL Foundation for branding support to co-ops
In order to develop training infrastructure for co-ops, NCUI has joined hands with HCL Foundation as an MoU was signed by Dr Sudhir Mahajan, CE […]
RBI’s gold reserve up over 40% in five years
The Reserve Bank of India’s gold reserves is up more than 40 percent since it resumed purchase of the yellow metal over five years ago, […]