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RBI Raises Concerns Over High Credit-Deposit Ratios in Banks

The Reserve Bank of India (RBI) has voiced apprehensions regarding the soaring Credit-Deposit (CD) ratios observed in certain banks, particularly expressing concern over some...

RBI Proposes Stringent Norms for Deposit-Taking Housing Finance Companies

In a move aimed at enhancing the regulatory framework for deposit-taking housing finance companies (HFCs), the Reserve Bank of India (RBI) has unveiled a...

Direct Tax Collections Surge, Exceeding Expectations with 16.77% Growth

In a recent financial development, provisional figures of Direct Tax collections up to January 10, 2024, reveal robust growth, surpassing expectations. The data indicates...

India Post Payments Bank and Hindustan Zinc Forge Alliance for Rural Financial Transformation

In a landmark collaboration set to revolutionize the financial landscape of rural Rajasthan, the India Post Payments Bank (IPPB) and Hindustan Zinc Limited (HZL),...

Top Business Leaders Pledge Historic Investments of Over $62 Billion at the 10th Vibrant Gujarat Global Summit

The 10th edition of the Vibrant Gujarat Global Summit kicked off with resounding success as top business leaders pledged investments exceeding $62 billion (₹5...

India and UAE Aim for $100 Billion Bilateral Trade

In a significant address at the 'UAE India Business Summit' during the 10th edition of the Vibrant Gujarat Global Summit, Union Minister of Commerce...

Finance Minister Proposes IFSC Platform to Bridge $10.1 Trillion Funding Gap for Net Zero Commitment

In a crucial announcement, Finance Minister Nirmala Sitharaman revealed that India is facing a substantial $10.1 trillion funding gap to achieve its net-zero commitment...

Robust Growth Forecasted for India’s Capital Markets in 2024, $50 Billion Expected in Equity Issuances and Deals

Kotak Investment Banking projected a bustling year for India's capital markets, foreseeing a potential record-breaking performance surpassing 2021. Managing Director and CEO S Ramesh...

Power Finance Company Receives RBI Approval for IFSC Venture

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

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

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...

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