The RBI Governor Shaktikanta Das held a meeting with the representatives of National Federation of Urban Co-operative Banks and Credit Societies Limited (NAFCUB), select Federations […]
Category: BFSI
₹2000 Denomination Banknotes – Withdrawal from Circulation; Will continue as Legal Tender
The ₹2000 denomination banknote was introduced in November 2016 under Section 24(1) of RBI Act, 1934, primarily to meet the currency requirement of the economy […]
Govt to set up 1,100 new Farmer Producer Organizations in cooperative sector
In order to realize the Prime Minister Shri Narendra Modi’s vision of “Sahkar se Samriddhi” and with the efforts of Union Home Minister and Minister […]
High Court seeks Centre’s response on plea asking banks to pay interest on FASTag collected money
The Delhi High Court has sought response of the NHAI and the Centre on a plea seeking to direct banks to pay interest to the […]
CCI clears merger of Credit Suisse Group with UBS Group
The Competition Commission of India (CCI) on Thursday said it has cleared the proposed merger of Credit Suisse Group AG with UBS Group AG. “The […]
Paytm partners with NPCI to launch Paytm SBI Card on the RuPay network
One97 Communications Limited (OCL)-owned Paytm has partnered with NPCI and SBI Card to launch Paytm SBI Card on the RuPay network, the company said in […]
Senior citizens go big on small savings scheme
The collections under the government’s small savings scheme for senior citizens more than tripled in April, as those eligible scrambled to take advantage of the […]
Credit card spends in foreign currency to attract 20% TCS
New Delhi: Foreign currency payments such as digital subscriptions to publications or goods bought on foreign ecommerce sites through international credit cards will count toward […]
Irdai forms task force to facilitate ease of doing KYC using Aadhaar
Regulator Irdai has constituted a task force to facilitate ease of doing Know Your Customer (KYC) by insurers using Aadhaar, the 12-digit individual identification number. […]
Vedanta Resources Ltd taps global banks for $500-600 million loan
Anil Agarwal-promoted Vedanta Resources Ltd (VRL) is in discussions with Deutsche Bank and other global lenders including JPMorgan and Barclays to raise a $500-600 million […]