Amid the standoff between the Reserve Bank of India (RBI) and the European Securities and Markets Authority (ESMA), the former is open to the idea […]
Category: BFSI
Gross direct tax revenue jumps 24.58 pc to Rs 14.71 lakh crore for FY23
India’s gross direct tax collections rose 24.58% to 14.71 lakh crore till January 10 this fiscal, buoyed by an upsurge in personal income tax mop […]
Cabinet approves promotional incentives worth Rs 2,600 crore for Rupay debit cards, low value UPI transactions
The Union Cabinet on Wednesday approved promotional incentives for Rupay debit cards and low-value transactions of BHIM (UPI). Incentives worth Rs 2,600 crore have been […]
Government likely to get financial bids for IDBI Bank sale by September, DIPAM Secy says
Financial bids for IDBI Bank’s strategic sale is expected to be received by the government in September, said DIPAM Secretary Tuhin Kanta Pandey. Several global […]
RBI says 10 NBFCs surrender registration certificates
The Reserve Bank of India on Wednesday said 10 NBFCs and one asset reconstruction company have surrendered their registration certificates. The 10 Non-Banking Financial Companies […]
Axis Bank enters into revised pact with Max Financial Services for acquiring additional 7% stake in Max Life
Axis Bank on Tuesday said it has entered into a revised agreement with Max Financial Services to acquire an additional 7 per cent stake in […]
Sale of health insurance policies rising in rural areas: Report
Rising cost of healthcare services, demand from the micro-insurance segment and post-Covid awareness is pushing sale of health insurance policies in semi-urban and rural markets, […]
IDBI Bank divestment process to complete in FY24: DIPAM Secy
The divestment process of IDBI Bank will complete in the fiscal year 2023-24, Department of Investment and Public Asset Management (DIPAM) Secretary Tuhin Kanta Pandey […]
IL&FS pays Canara Bank, others Rs 1,300 crore
Lenders led by Canara Bank have received close to ₹1,300 crore as part of their dues from Infrastructure Leasing & Financial Services (IL&FS) in what […]
RBI may hike rates in 2023, but bank deposit rates have peaked, say experts
Bank deposit rates may be close to their peaks, with possibilities of further increases likely limited only to select tenures, even as the central bank […]