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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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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...
News

Mumbai Surpasses Beijing, Crowned Asia’s New Billionaire Capital

News Desk -
In the latest release of the Hurun Global Rich List for 2024, Indian business magnates Mukesh Ambani and Gautam Adani have captured attention with...
News

RBI’s Regulatory Clampdowns to Enhance Compliance, Impact Financial Sector Growth

News Desk -
In a recent report, the Reserve Bank of India's (RBI) stringent measures on select banks and non-banking financial companies (NBFCs) are highlighted as pivotal...
News

NPCI Arm, Banks, and Fintechs in Discussion for Net Banking Synergies for Interoperability

News Desk -
In a bid to enhance banking interoperability, NPCI Bharat Billpay (NBBL) is currently engaged in discussions with banks and fintech firms. This initiative follows...
Banking

RBI Advises Agency Banks to Keep Government Business Branches Open on March 31

News Desk -
In a recent announcement, the Reserve Bank of India (RBI) has advised agency banks to keep all their branches dealing with government business open...
News

India’s Direct Tax Collections Surge by 18.74% in FY 2023-24

News Desk -
India's Gross Direct Tax collections for the Financial Year (FY) 2023-24 have recorded a substantial growth of 18.74%, according to provisional figures released by...
News

RBI Alerts Banks to Heightened Cybersecurity Threats: Action Points Issued After Inspection

News Desk -
In a recent development, the Reserve Bank of India (RBI) has issued a heightened alert to several banks, urging them to fortify their cybersecurity...
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