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BFSI

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

Economy

RBI Report Foresees Sustained Economic Revival Through Infrastructure and Investment

News Desk -
In a recent release of the Reserve Bank of India's (RBI) Monetary Policy Report for April 2024, a promising outlook for India's economic trajectory...
Banking

ICRA Revises Indian Banking Sector Outlook to ‘Stable’ from ‘Positive’

News Desk -
The rating agency ICRA has adjusted its outlook for the Indian banking sector, downgrading it from 'positive' to 'stable.' This revision comes in light...
Banking

Private Sector Banks Witness Surge in Deposits Outpacing Advances in Q4FY24

News Desk -
In a notable shift, many private sector banks are experiencing a reversal of trends with their deposit growth surpassing the growth in advances. According...
News

CBDT Enables Early Filing of Income Tax Returns for A.Y. 2024-25

News Desk -
To enhance taxpayer convenience and ease of compliance, the Central Board of Direct Taxes (CBDT) has announced the early availability of Income Tax Return...
Appointment

Arnab Goswami Appointed as CFO of Punjab & Sind Bank

News Desk -
Punjab & Sind Bank has appointed Arnab Goswami as its Chief Financial Officer (CFO), effective from April 3, 2024, for a tenure of three...
News

UPI Transactions Surge by 57% in FY 2023-24, Cross 100 Billion Mark

News Desk -
In a testament to the rapid digitization of financial transactions in India, Unified Payment Interface (UPI) transactions have witnessed a remarkable 57% rise in...
News

PM Modi Commends RBI’s Role in India’s Banking Sector Revival and Economic Stability

News Desk -
Prime Minister Narendra Modi delivered accolades to the Reserve Bank of India (RBI) during an event marking the central bank's 90th anniversary, highlighting its...
News

No Changes in Income Tax Regime from April 1, 2024: Taxpayers Can Opt for Lower Rates

News Desk -
In a recent update, it has been confirmed that there will be no changes in the income tax regime starting April 1, 2024. The...
Finance

RBI Modifies Norms for Investment in Alternative Investment Funds

News Desk -
The Reserve Bank of India (RBI) has announced modifications to the norms governing investments of banks, non-banking financial companies (NBFCs), and other lenders in...
Banking

Indian Banks Report Fraud Worth Rs 5.3 Lakh Crore in Past Decade, RBI Data Reveals

News Desk -
Indian banks have collectively reported frauds amounting to a staggering Rs 5.3 lakh crore over the last decade, as per data released by the...
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