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BFSI

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

News

RBI Plans Interoperable Internet Banking System for Faster Merchant Payments

News Desk -
The Reserve Bank of India (RBI) is gearing up to introduce an interoperable payment system for internet banking, aimed at accelerating fund settlements for...
Finance

Banks Shift Focus from Non-Renewable to Renewable Energy Financing, Embracing ESG Criteria

News Desk -
In a significant shift towards sustainable financing, Indian banks are redirecting their focus from non-renewable energy projects to renewable sources, as indicated by recent...
News

CBDT Allows Trusts and Institutions to Correct Audit Reports by March 31st, 2024

News Desk -
The Central Board of Direct Taxes (CBDT) has granted relief to trusts and institutions regarding the submission of audit reports for the Assessment Year...
News

Government Reviews Foreign Direct Investment Policy on Space Sector

News Desk -
The Government of India has recently conducted a thorough review of the Foreign Direct Investment (FDI) Policy in the Space sector, aiming to foster...
News

UPI Accounts for 80% of India’s Digital Payments: RBI Governor

News Desk -
The Reserve Bank of India (RBI) Governor addressed a distinguished gathering at the Digital Payments Awareness Week celebrations, highlighting the remarkable growth and security...
News

RBI Might Revoke Paytm Payments Bank License; Administrator Likely to be Appointed

News Desk -
With less than two weeks remaining for Paytm Payments Bank Limited (PPBL) to halt its operations, the Reserve Bank of India (RBI) is contemplating...
News

MP Government Paves Way for Rs 1 Lakh Cr Investment: CM Mohan Yadav

News Desk -
In a landmark move aimed at boosting industrial growth and creating employment opportunities, Chief Minister Mohan Yadav announced a significant milestone at the inaugural...
News

Paytm Payments Bank Fined Rs 5.49 Cr for PMLA Violations; RBI Orders Halt on Transactions

News Desk -
The Financial Intelligence Unit-India (FIU-IND) has levied a penalty of Rs 5.49 crore on Paytm Payments Bank Ltd (PPBL) for breaching its obligations under...
News

India and South Africa Block Adoption of WTO Investment Agreement

News Desk -
In a surprising turn of events at the World Trade Organization (WTO) meeting in Abu Dhabi, India and South Africa have lodged a formal...
News

RBI Issues New Directions for Simplified Supervisory Returns

News Desk -
In a move aimed at streamlining reporting procedures and reducing compliance burdens, the Reserve Bank of India (RBI) has issued new directions for the...
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