A central agency tasked with preventing the leakage of Goods and Services Tax (GST) revenue has completed its probe into at least six of the […]
Category: BFSI
S&P raises assessment of Indian banking sector on “strong recovery”
S&P Global Ratings on Tuesday raised its assessment of India’s banking sector, citing a “strong recovery” underway in the Indian financial sector. India’s ‘Banking Industry […]
Banks told to push foreign trade in Rupee
Banks are being nudged to popularise the settlement of cross-border trade in rupee. While many businesses – driven by commercial convenience, balance of payments, and […]
RBI penalises J&K Bank, Bank of Maharashtra, Axis Bank
The Central Bank on Friday imposed a penalty of Rs 2.5 crore on Jammu and Kashmir Bank for non-compliance with certain directions, including one related […]
Banks may give up rights to revive housing projects
Many high-street banks will give up their first claims over assets and cash flow in favour of new financiers who step in to revive stuck […]
Technology is important to have transparency into the Cooperative Banking System, Shri Satish Marathe Advised
B2B Infomedia: Indian Urban Cooperative Banks have been improving their performances over the years and thereby becoming bigger and stronger. They are adding new products […]
ICAI to establish centre for excellence in Kashmir
The Institute of Chartered Accountants of India is starting it’s newly formulated course from July this year and plans to set up reading rooms and […]
RBI denies reports of missing banknotes, assures proper accounting and systems in place
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 […]
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 […]