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Finance

Interest rates on fresh term deposits and loans dip in April, shows data

newzowl -
Private banks slower than public sector banks in raising interest ratesBanks increase deposit rates on tight liquidity, high credit growthIn a U-turn, outstanding...
Finance

BOB Financial opens up its entire RuPay Credit Card base for linking on UPI

newzowl -
BoB Credit Card customers can now use their RuPay Credit Cards on UPI with BHIM and other UPI-enabled Apps, BOB Financial Solutions Ltd...
Finance

NFRA slaps Rs 1.10 cr fine, imposes ban on two auditors, one audit firm

newzowl -
The National Financial Reporting Authority (NFRA) has imposed a ban as well as penalties totalling Rs 1.10 crore on three entities, including two...
Finance

Govt receives Rs 20,97,368 crore tax revenue in FY23, reveals data

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According to a PIB release, the government received Rs 24,55,706 crore (101 per cent of the corresponding RE 2022-2023 total revenue) during 2022-2023.  Out...
Finance

Online ITR2 form for FY2022-23 (AY 2023-24) available

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The income tax department has now empowered the online forms for ITR-2 post releasing ITR-1, and ITR-4 on May 20, 2023. “Income Tax...
Finance

High staff attrition a significant operational risk to banks: RBI Dy Guv

newzowl -
Former Delhi minister Satyendar Jain granted bail by SC till July 11RBI hikes repo rate by 35 bps to 6.25%, cuts FY23 GDP...
Finance

Volume of bank notes in circulation increased by 4.4% during 2022-23: RBI

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The value and volume of banknotes in circulation increased by 7.8 per cent and 4.4 per cent, respectively, during 2022-23 as compared with...
Finance

General govt deficit moderated to 9.4% of GDP in 2022-23, says RBI report

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The general government deficit and debt moderated to 9.4 per cent and 86.5 per cent of GDP, respectively, in 2022-23 from the peak...
Finance

Abrdn likely to sell its 1.66% stake in HDFC Life via block deals: Report

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Abrdn, a UK-based investment company on Wednesday said it is likely sell its 1.66 per cent stake (35.7 million shares) in HDFC Life...
Finance

Certificates of deposit issuances jumped three-fold in FY23: RBI data

newzowl -
RBI hikes repo rate by 35 bps to 6.25%, cuts FY23 GDP forecast to 6.8%RBI MPC: Here is what experts have to say...
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