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Private Sector Banks Witness Surge in Deposits Outpacing Advances in Q4FY24

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

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

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

Arnab Goswami Appointed as CFO of Punjab & Sind Bank

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

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

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

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

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...

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

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

RBI Modifies Norms for Investment in Alternative Investment Funds

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...

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

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...

Mumbai Surpasses Beijing, Crowned Asia’s New Billionaire Capital

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

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

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...

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