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BFSI

Explore the latest developments, insights, and trends in the BFSI (Banking, Financial Services, and Insurance) sector.

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

News Desk -
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...
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India’s Forex Reserves Fall for Eighth Consecutive Week, Hit USD 656.58 Billion

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

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

PAN 2.0 Project to Streamline and Modernise Process of Issuing and Managing PAN and TAN

News Desk -
The Cabinet Committee on Economic Affairs (CCEA) has approved the Income Tax Department’s Permanent Account Number (PAN) 2.0 Project. This project aims to streamline...
BFSI

India Leads Digital Payment Revolution with UPI Milestone, ONDC Expansion: RBI Report

News Desk -
India's Unified Payments Interface (UPI) is setting global benchmarks in digital payments, achieving 16.6 billion transactions in a single month this October, according to...
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RBI Warns Banks of Regulatory Action if KYC Norms Not Maintained

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

RBI to Pilot Local Cloud Data Storage for Financial Firms in 2025

News Desk -
The Reserve Bank of India (RBI) is set to pilot a locally-developed cloud data storage platform in 2025. This move aims to provide cost-effective...
BFSI

India’s Digital Transformation: A 56% Surge in Daily E-Transactions and Significant DBT Milestones

News Desk -
India continues to lead the global digital revolution, achieving remarkable growth in its digital economy and public service delivery. Addressing the conference on ‘Digital...
BFSI

Indian Economy Resilient Amid Global Challenges: RBI Governor Shaktikanta Das

News Desk -
Reserve Bank of India (RBI) Governor Shaktikanta Das asserted that the Indian economy is robust enough to withstand global economic shocks, showcasing stability and...
BFSI

DFS Secretary Urges Banks to Expedite Re-KYC for PMJDY Accounts with Emphasis on Digital Channels

News Desk -
M. Nagaraju, Secretary of the Department of Financial Services (DFS), chaired a high-level meeting with key stakeholders today, underscoring the urgency of updating Pradhan...
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