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BFSI

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

Banking

Significant Surge in Digital Payments; 11,660 Cr Digital Transactions Noted: MoS Finance

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In a recent statement, Union Minister of State for Finance, Dr. Bhagwat Kisanrao Karad, highlighted the remarkable increase in digital payments in recent years,...
Infrastructure

Government of India and ADB to Boost Delhi-Meerut Regional Rapid Transit System

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In a momentous collaboration, the Government of India and the Asian Development Bank (ADB) have officially signed an agreement for a 37 billion Japanese...
Finance

Significant Growth Noted in Direct Tax Collections for FY 2023-24

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The Central Board of Direct Taxes (CBDT) has revealed the provisional figures of Direct Tax collections for the Financial Year 2023-24, as of December...
Banking

India’s Unified Payments Interface (UPI) Achieves Remarkable Growth, Surpassing 8,572 Crore Transactions in FY 2022-23

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The Unified Payments Interface (UPI) in India has witnessed an extraordinary surge, achieving a record-breaking 8,572 crore transactions during the current financial year up...
News

India and ADB Strengthen Industrial Corridor Development with $250 Million Loan

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The Government of India and the Asian Development Bank (ADB) sealed a significant partnership on December 15, 2023, by signing a $250 million policy-based...
Finance

Union Finance Ministry Clarifies Parliamentary Committee Agenda, Dispels Merger Speculations

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The Union Finance Ministry has issued a clarification on the agenda of a parliamentary committee meeting scheduled for early next year, putting an end...
Energy

India and ADB Join Forces to Boost Uttarakhand’s Power Infrastructure with $200 Million Loan

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In a significant development, the Government of India and the Asian Development Bank (ADB) have formalized a crucial agreement for a $200 million loan,...
Collaborations

India and ADB Join Forces with $175 Million Loan for Madhya Pradesh Road Connectivity and Resilience

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In a collaborative effort to enhance connectivity and fortify the resilience of roads in the state of Madhya Pradesh, the Government of India and...
Collaborations

GoI and ADB Sign $400 Million Loan to Support Urban Services

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The Government of India has inked a $400 million policy-based loan agreement with the Asian Development Bank (ADB). This financial collaboration is intended to...
Finance

Record-Breaking 7.85 Crore ITRs Filed Till October 31, Reflecting an Impressive 11.7% Year-on-Year Increase

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Until October 31, 2023, the Income Tax Department achieved a record-breaking number of Income Tax Returns (ITRs) filings, which marked the deadline for filing...
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