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BFSI

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

News

Power Finance Company Receives RBI Approval for IFSC Venture

News Desk -
The Reserve Bank of India (RBI) granted a No Objection letter to Power Finance Company on January 9, allowing the establishment of a finance...
Economy

Finance Minister Nirmala Sitharaman’s Interim Budget 2024-25 Awaits, Expectations Soar for Income Tax Benefits

Newsdesk -
As anticipation mounts for Finance Minister Nirmala Sitharaman's presentation of the Interim Budget 2024-25 on February 1, taxpayers and industry experts are closely watching...
Finance

REC Limited and Bank of Baroda Join Forces to Fuel Power, Infrastructure, and Logistics Projects

Newsdesk -
In a significant move towards advancing sustainable growth and strengthening India's infrastructural backbone, REC Limited and Bank of Baroda have inked a Memorandum of...
Economy

Government to Review Disinvestment Targets Ahead of Union Budget 2024

Newsdesk -
The Government is set to conduct a comprehensive review of its disinvestment targets for the fiscal year 2023-24, addressing the existing shortfall in the...
Finance

AMFI Announces Revised Market Categorization List for H1 CY24: Notable Shifts in Largecap and Midcap Thresholds

Newsdesk -
The Association of Mutual Funds of India (AMFI) unveiled the revised market categorization list for the first half of the calendar year 2024 (H1...
News

Bitcoin Surges to 21-Month High, Breaches $45,000 Mark on Optimism Over SEC Approval for ETFs

Newsdesk -
In a remarkable start to the new year, Bitcoin, the pioneer cryptocurrency, reached a 21-month peak, surging past the $45,000 mark on Tuesday. The...
Finance

Indian Financial System Shows Resilience and Improvement: Report

Newsdesk -
In a report released by the Reserve Bank of India on Thursday, the Indian financial system is revealed to be steadily improving, with banks'...
News

CBDT Issues Guidelines on Section 194-O of the Income-tax Act for E-commerce Operators

Newsdesk -
In a significant move to streamline tax regulations in the digital economy, the Central Board of Direct Taxes (CBDT) has issued Circular No. 20/2023...
Banking

RBI Deputy Governor Cautions Banks on Overreliance on Bulk Deposits

Newsdesk -
Reserve Bank of India (RBI) Deputy Governor Swaminathan J raised concerns about the growing dependence of banks on bulk deposits, which attract higher costs...
Economy

Robust Economic Growth Propels Indian Public Sector Banks Towards Rs 1.50 Lakh Crore Profit in FY2024

Newsdesk -
India's banking sector is poised for a stellar year as the total profit of public sector banks will reach Rs 1.50 lakh crore in...
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