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BFSI

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

News

GST Revenue Reaches ₹1.72 Lakh Crore in October 2023; Second Highest Ever

Newsdesk -
The gross GST revenue collected in the month of October, 2023 is ₹ 1,72,003 crore out of which ₹ 30,062 crore is CGST, ₹ 38,171 crore is SGST, ₹ 91,315 crore (including...
Economy

5G/6G, Satellite Communications, and Semiconductors to Contribute $240 Billion to India’s Economy by 2028: Report

Newsdesk -
As per a KPMG report unveiled during the India Mobile Congress 2023, the combined contribution of 5G/6G, satellite communications, and semiconductors to the Indian...
Energy

NTPC Records a 38% Surge in Profit, Reaching Rs 4,726 crore

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NTPC Ltd, the state-owned power generator, announced a consolidated net profit of Rs 4,726.4 crore in the second quarter of the financial year 2023-24,...
Banking

Fincare Small Finance Bank and AU Small Finance Bank to Merge

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Fincare Small Finance Bank (Fincare SFB) is scheduled to merge with AU Small Finance Bank (AU SFB) starting from February 1, 2024, pending all...
Banking

RBI Inclines Towards Technology: Deputy Governor T Rabi Sankar

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Mumbai: RBI has taken a keen interest in technology, acknowledging its profound impact on the global order, according to Deputy Governor T Rabi Sankar....
Economy

India Needs 8% Growth be on par with China: Report

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New Delhi: According to recently released Barclay's report, it states that for India to surpass China and become the leading force in global growth,...
Banking

India, UAE Sign RuPay Domestic Card Scheme

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New Delhi: NPCI International Payments Limited (NIPL), a subsidiary wholly owned by the National Payments Corporation of India (NPCI), has forged a strategic alliance...
News

Bhashini, RBIH Collaborate to Foster Linguistic Inclusivity in Financial Services Sector

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New Delhi: The Reserve Bank Innovation Hub (RBIH) and the Digital India Bhashini Division (DIBD) have joined forces to address the language barriers that...
News

NIIF Launches $600 Million India-Japan Fund with Government of India and Japan Bank for International Cooperation

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New Delhi: The National Investment and Infrastructure Fund (NIIF) has partnered with the Japan Bank for International Cooperation (JBIC) to establish a $600 million...
Banking

RBI Extends Last Date to Exchange Rs 2000 Notes

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Mumbai: The Reserve Bank of India (RBI) has announced an extension of the deadline for exchanging and depositing ₹2,000 notes until October 7, 2023. ‘As...
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