Banking/Finance
Recurring payment services by NPCI
NPCI is known as the national payments corporation of India. It has formed a wholly-owned subsidiary. The NBBL owns it for offering payment solutions....
Auto Debit Rule: New Deadline is September 30
Auto Debit Transactions
The central bank relented on Wednesday after much hand-wringing by banks and payment companies over the March 31 deadline for enabling the...
Govt sets gross market borrowing target at Rs 7.24 lakh crore for first half of FY22
As per the borrowing plan for H1, the government will issue securities with a maturity of 2, 5, 10, 14, 30 and 40 years...
To boost performance, SBI is revamping its MSME lending operations
SBI aims to develop internal processes and structure in the SME space in order to improve market share/enhance the portfolio while maintaining asset quality,...
Breaking Master/ Visa Credit Card Oligopoly, UPI-Based Mobile vCard Finds Takers in India
vCARD is the future:
vCard is a digital credit card that incorporates several technological advancements. It is fundamentally different from bank-issued plastic credit cards. Since...
Transfer NPAs to bad bank at book value, says Parliamentary panel
The stressed assets of banks should be transferred to the proposed bad bank at book value, according to a parliamentary panel, because the longer...
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States will request a three-year extension of GST compensation at the upcoming council meeting: Sources
After Union Finance Minister Nirmala Sitharaman returns from her 10-day trip to the US after attending the World Bank-IMF meeting earlier this month, the...
The Dogecoin craze has made its way to Indian cryptocurrency exchanges
The Dogecoin craze has spread to cryptocurrency exchanges in India.
The cryptocurrency, named after a meme of the Japanese dog breed Shiba Inu and backed...
Retail Inflation Likely Rose in March But Stayed Within Target
According to a Reuters survey, India's retail inflation rose to a four-month high in March, owing to increases in food and fuel rates, but...
In FY21, the income tax and corporate tax collections exceeded the revised estimates, totaling Rs 9.45 lakh crore
Mumbai: The fiscal year ended March 31 saw income tax and corporate tax collections of Rs 9.45 lakh crore, which were 5% higher than...
