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Finance

Finance

Indian banks to gain $36 bn in deposits as mutual funds get taxed

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By Ruchi Bhatia and Preeti SinghIndia’s decision to tax returns from fixed-income mutual funds is set to bolster its lenders’ efforts to lure...
Finance

10% of folios yet to comply as March 31 deadline for MF nomination looms

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Even as the deadline for filing mutual fund (MF) nomination or opting out is drawing closer, a fairly large number of investors are...
Finance

Government asks state-run banks to conduct more robust stress tests

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FM Sitharaman reviews PSBs' performance amid banking crisis in US, EuropeIndian Rupee has performed much better, says FM Nirmala SitharamanFM Sitharaman meets President...
Finance

Trickle of foreign inflows to bonds may not speed up in next FY: Analysts

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Foreign inflows into Indian government bonds, which showed signs of a pick-up late last year, may not sustain as yields are unlikely to...
Finance

No charge on normal UPI payment; interchange fee for PPI transactions: NPCI

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National Payments Corporation of India (NPCI) on Wednesday said there is no charge for the bank account to bank account-based UPI payments or...
Finance

Punjab National Bank board nod to raise Rs 12,000 cr in capital in FY24

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Public sector lender Punjab National Bank (PNB) plans to raise upto Rs 12,000 crore in capital through additional tier I bonds (AT1 bonds) and...
Finance

Punjab National Bank to raise $1.5 bn through bonds in one or two tranches

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BENGALURU (Reuters) - Indian state-run lender Punjab National Bank said on Wednesday it would raise up to 120 billion rupees ($1.46 billion) in...
Finance

Account-to-account transfers on UPI fully free for customers, vendors: NPCI

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The National Payments Corporation of India (NPCI), which operates India’s flagship payments platform, Unified Payments Interface (UPI), on Wednesday clarified that about 99.9...
Finance

UBS brings back Sergio Ermotti as CEO with Credit Suisse deal ahead

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UBS said Wednesday that it's bringing back former CEO Sergio Ermotti to lead the Swiss bank as it moves forward with a government-orchestrated...
Finance

Here is how interchange fees on wallet payments will work

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The National Payments Corporation of India (NPCI) recently announced that from April 1, an interchange fee of up to 1.1 per cent on...
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