Tag: bfsi

GST officers unearth Rs 34 crore input tax credit fraud

GST officers have unearthed Rs 34 crore input tax credit fraud, involving seven firms, the Finance Ministry said on Sunday. The seven firms were created GST officers have unearthed Rs 34 crore input tax credit fraud, involving seven firms, the Finance Ministry said on Sunday. The seven firms were created to generate bogus GST invoices, […]

Kotak Mahindra Bank closes deal to acquire 10% stake in KFin Technologies

Kotak Mahindra Bank announced it has completed the acquisition of a nearly 10 percent stake in KFin Technologies for around ₹310 crores. The private sector lender bank had informed in September about subscribing to 1,67,25,100 equity shares in KFin Technologies Pvt Ltd for a consideration of approximately ₹310 crores. This acquisition translated into an equity shareholding […]

RBI to hold its first-ever hackathon, HARBINGER 2021, on payments system

The Reserve Bank of India (RBI) will be organizing its first global hackathon on the theme of digital payments, it said in a statement on Tuesday. “HARBINGER 2021–Innovation for Transformation” with the theme ‘Smarter Digital Payments’ will see participants identify and develop solutions “that have the potential to make digital payments accessible to the under-served, enhance […]

Banks Issue 31.67 Crore RuPay Debit Cards To PMJDY Account Holders

Banks have issued 31.67 crore RuPay debit cards with free accident insurance cover to Pradhan Mantri Jan Dhan Yojana (PMJDY) account holders, the Finance Ministry said on Monday.  Bank accounts opened under PMJDY have swelled to 43.76 crores since its launch in August 2014. “Progressing ahead with a mission to provide universal access to banking […]

op cryptocurrency prices today: Shiba Inu, Solana soar 12%; Ethereum tanks 4%

New Delhi: Main cryptocurrencies have been on a downfall on Monday, because of revenue reserving in digital tokens. Barring Shiba Inu and Solana, seven out of the highest 10 cryptocurrencies have been buying and selling decrease at 9.30 hours IST. Shiba Inu soared 12 per cent, whereas Solana jumped 5 per cent. Ethereum shed 4 per cent.   The worldwide crypto […]

Edelweiss Group Q2 results: Firm returns to profit; says assets mgmt & broking to drive growth

Mumbai: Diversified financial services player Edelweiss Group sees assets & wealth management and insurance businesses continuing to drive growth through the reminder of the fiscal as it sees credit demand to remain muted till the end of the year. The company returned to profit in the September quarter with a consolidated net income of Rs 57.3 crore […]

Less than 1% of companies went for restructuring under second offer: Crisil

Less than 1 percent of the eligible companies opted for the restructuring option offered for the second time by the Reserve Bank of India (RBI) as part of its Covid relief package, rating agency Crisil said on Thursday. The restructuring 2.0 window closed on September 30. “The tepid response — despite an intense and more […]

Bajaj Finance Ltd. launches Diwali Campaign ‘EMI HAI NA’ with a bang

Pune, October 27, 2021: With the festive season transpiring in full swing, Bajaj Finance Ltd., in collaboration with Bajaj Finserv Direct Limited, has launched its Diwali campaign ‘EMI HAI NA’ to offer discounts and cashback on a wide range of products and brands purchased on EMI through the Bajaj Finserv EMI Store of Bajaj Finserv […]

Shaktikanta Das reappointed as governor of RBI for three-year term

The government on Friday reappointed Shaktikanta Das as the Governor of Reserve Bank of India for three years beyond December 10, 2021. The Cabinet Committee on Appointments approved the reappointment of Das, a former Indian Administrative Services officer from Tamil Nadu cadre, as governor, the government said in a statement. He had assumed charge as the 25th […]

57 New Bank Branches In Assam By March 2022: Union Min

Union Minister of State for Finance Bhagwat Kishanrao Karad on Wednesday said 57 new bank branches will be set up in Assam by March next year to bring more people under the ambit of banking. At an event to launch a ‘credit outreach program’ here, Karad said the central government is taking all possible steps […]

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