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BFSI

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

News

CBDT Extends Deadline for Filing Form 10A/10AB to June 30, 2024

News Desk -
In a move aimed at easing the burden on taxpayers, the Central Board of Direct Taxes (CBDT) has extended the due date for filing...
Banking

RBI Directs Kotak Mahindra Bank to Halt New Credit Card Issuance and Customer Onboarding

News Desk -
The Reserve Bank of India (RBI) has instructed Kotak Mahindra Bank to suspend the issuance of fresh credit cards and cease onboarding new customers...
Banking

Bombay High Court Restricts Public Sector Banks’ Power on Look Out Circulars

News Desk -
The Bombay High Court declared that public sector banks lack the authority to recommend or request the central government for the issuance of Look...
Economy

India’s Economic Momentum Surges, RBI Anticipates Sustained 7% Growth Rate

News Desk -
The Reserve Bank of India's Monetary Policy Committee (MPC) member Shashanka Bhide has expressed confidence in the country's ability to sustain a robust growth...
Banking

RBI and Fintech Leaders Confer on Strategies to Boost Adoption of Central Bank Digital Currency

News Desk -
In a collaborative effort to invigorate public interest in the Central Bank Digital Currency (CBDC), the Reserve Bank of India (RBI) convened a pivotal...
News

Paytm Receives NPCI Approval for User Migration to New Payment System Provider Bank Handles

News Desk -
Paytm owner One97 Communications (OCL) has secured approval from the National Payment Corporation of India (NPCI) to commence the migration of users from the...
News

RBI Proposes Regulatory Approval for PoS Providers

News Desk -
In a move aimed at enhancing regulatory oversight in the payment ecosystem, the Reserve Bank of India (RBI) has proposed new guidelines for non-bank...
Banking

RBI Mandates Key Fact Statements for Retail and MSME Loans Starting October 1, 2024

News Desk -
In a move aimed at enhancing transparency and empowering borrowers, the Reserve Bank of India (RBI) has issued a directive requiring lenders to furnish...
Banking

CEIB Pushes for Stringent Loan Clearance Process to Curb Financial Frauds

News Desk -
In a bid to fortify the financial sector against potential frauds and ensure meticulous risk assessment, the Central Economic Intelligence Bureau (CEIB) has urged...
News

Finance Ministry Proposes Enhanced KYC Procedures to Combat BoB World App Scams and Financial Frauds

News Desk -
In a proactive move against the rising tide of financial frauds, the Finance Ministry is advocating for an upgraded Know Your Customer (KYC) process...
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