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UPI transactions at record high of Rs 14.3 trn in May, spike in 10 days

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ICICI Bank to offer EMI facility for UPI transactions above Rs 10,000UPI continues to dominate digital payments thanks to wide use of QR...
Finance

RBI Dy Guv calls for better risk management, governance at banks

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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...
Finance

Stringent rules for education loans turn parents towards gold loans

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Record gold price may not bring back sheen in Muthoot, Manappuram: AnalystsMuthoot Microfin to foray into Andhra Pradesh, Telangana in FY24NBFCs' share in...
Finance

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

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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

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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

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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

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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...
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