India’s largest NBFC-MFI CreditAccess Grameen has inked a $200 million external commercial borrowing deal with foreign banks and overseas branches of Indian banks. It has […]
Tag: finance
RBI relaxes restrictions on HDFC Credila regarding on-boarding of new customers
Housing Development Finance Corporation (HDFC) on Tuesday said the Reserve Bank of India has relaxed restrictions on its education finance arm, HDFC Credila, related to […]
HDFC-HDFC bank merger likely to be effective July 1
The merger of HDFC Corp with the country’s largest private lender HDFC Bank will likely take effect July 1, chairman of India’s mortgage-lending pioneer Deepak […]
ICICI Prudential gets notice for alleged GST liability of Rs 492 crore
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 […]
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 […]
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 […]
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 […]
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, […]
EPFO may hire separate consultants for equity and debt portfolios
The Employees’ Provident Fund Organisation is planning to hire two consultants to manage its debt and equity portfolio separately, instead of one so far, as […]