Direct tax collections up 18% in FY24, top revised budget estimate
Government’s net direct tax collections, after adjusting for refunds, grew 17.7 per cent year-on-year to Rs 19.58 lakh crore in
Read more
Banking Finance Year 2024
CBDT extends deadline for charitable trusts’ registration till June 30
The income tax department extended the deadline for charitable and religious trusts to furnish registration application with tax authorities till
Read more
Stock exchange to administer research analysts: SEBI
The Securities and Exchange Board of India (Sebi) will delegate administrative and supervisory responsibilities of research analysts (RAs) and investment
Read more
Mahindra Finance detects Rs. 150crore fraud in vehicle loans
Mahindra& Mahindra Financial Services (Mahindra Finance) said it has detected Rs 150 crore-fraud involving forgery of Know Your Customer (KYC)
Read more
RBI sets draft norms for web aggregators of loan products
The Reserve Bank of India (RBI) has proposed that banks and non-banking finance companies (NBFCS) should ensure that their loan
Read more
SFBs should be worth Rs. 1,000 crore to become universal banks, says RBI
THE RESERVE Bank of India (RBI) has said small finance banks (SFBS) should have a minimum net worth of Rs
Read more
Industry’s share in bank credit shrinks to 23%: RBI
Bank loans to the services and agriculture sectors were the main drivers of the 20% credit growth in FY24, with
Read more
Charging of interest rates: RBI detects overcharging by banks, asks them to refund borrowers
The Reserve Bank of India (RBI) has come across instances of lenders resorting to certain unfair practices in charging of
Read more
RBI plans curbs on suspect bank accounts to fight cyber fraud
The Reserve Bank of India plans to soon change guidelines to permit banks to temporarily freeze accounts suspected of being
Read more
PSBs set to develop road map for deploying GenAI systems
State-run banks are set to develop a detailed strategy and road map for deploying generative artificial intelligence (GenAI) systems, with
Read more