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FIU-IND and IRDAI Sign MoU to Enhance Anti-money Laundering Efforts

The Financial Intelligence Unit-India (FIU-IND) and the Insurance Regulatory and Development Authority of India (IRDAI) have signed a Memorandum of Understanding (MoU) to bolster...

RBI Enables Seamless Digital Payments with UPI-Wallet Integration for Full-KYC Users

The Reserve Bank of India (RBI) has introduced a significant enhancement to digital payment systems, allowing users to make Unified Payments Interface (UPI) transactions...

India, Asian Development Bank Ink $350 Million Loan Agreement to Strengthen Logistics Sector Under SMILE Program

The Government of India and the Asian Development Bank (ADB) signed a $350 million policy-based loan under the second subprogram of Strengthening Multimodal and...

India’s Forex Reserves Fall for Eighth Consecutive Week, Hit USD 656.58 Billion

India’s foreign exchange (forex) reserves declined for the eighth consecutive week, reaching a multi-month low of USD 656.582 billion as of November 22, according...

Central Board of Direct Taxes Extends Income Tax Return Filing Deadline to December 15, 2024

As a relief to taxpayers, the Central Board of Direct Taxes (CBDT) has extended the due date for furnishing the return of income under...

RBI Warns Banks of Regulatory Action if KYC Norms Not Maintained

The Reserve Bank of India (RBI) has urged banks to ensure strict compliance with Know Your Customer (KYC) norms while maintaining an empathetic approach,...

SEBI Proposes New Regulations for Securitised Debt Instruments, Sets Rs 1 Crore Investment Minimum

The Securities and Exchange Board of India (SEBI) has unveiled a series of proposed regulatory updates for securitised debt instruments (SDIs), aiming to enhance...

Finance Minister Nirmala Sitharaman Approves Senior Management Posts in Nationalised Banks

In a move aimed at enhancing oversight and operational efficiency, Finance Minister Nirmala Sitharaman has approved a significant increase in senior management posts across...

SEBI Tightens Due Diligence Rules for AIFs, Sets April 2025 Deadline for Compliance

In a bid to enhance compliance and curb the circumvention of regulatory frameworks, the Securities and Exchange Board of India (SEBI) has issued new...

PFC Secures $1.265 Billion Foreign Currency Term Loan to Boost Green Energy Transition

Power Finance Corporation (PFC), a Maharatna company and one of India’s leading non-banking financial corporations (NBFC) in the power and infrastructure sector, announced the...

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