270 mn loans to women under MUDRA; here’s all you need to know about scheme Higher penetration doubles quarterly MSME loan disbursals since 2020: Rpt As Manipur reels from violence, home minister Shah to visit the state today 96% MSMEs in India optimistic about 2023, expect profits to rise: Report Lenders to step up work on large size loans under ...

RBI permits international banking units at IFSC to settle NDDCs in rupee The Reserve Bank on Tuesday permitted international banking units (IBUs) in GIFT City in Gujarat to settle non-deliverable foreign exchange derivative contracts (NDDCs) in Indian rupee. So far, derivatives are cash-settled in foreign currency. As per the notification, Authorised Dealer (AD) Category-I banks operating IBUs ...

Non-life insurance premium grew 18.1% to Rs 18,031.48 crore in May New tax norm to hurt insurers; stocks attractive for the long run: Analysts Increase in premium amount of life insurance a big concern for customers How to book train insurance for less than a rupee, claim up to Rs 10 lakh Covid was the moment of truth for the ...

Banks’ reliance on AI to handle customer service worries consumer watchdog Can you trust Erica, or Sandi or Amy to increasingly control parts of your financial life without giving you inaccurate information or sending money to the wrong place? That’s what the Consumer Financial Protection Bureau is asking in a report released Tuesday, where the bureau lays out a ...

Despite heavy supply, debt cost slips marginally for states to 7.32% Despite larger than notified supplies, the average cost for the states that hit the market on Tuesday will be less in terms of coupons, which slipped by 3 bps to 7.32 per cent. Twelve states have raised Rs 17,300 crore through state government securities in the auction ...

RBI not to remove its finger from repo rate pause button: Experts The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) may not remove its finger from the repo rate pause button it had hit in April 2023, said experts there by ruling out the possibility of a rate reduction. “It is unlikely that the RBI will ...

Increase Investment on Data Streaming Indian economy to grow 6.5% in FY24; CAD may widen further: Economic Survey India Inc’s yearly outlook ‘most cautious in a decade’: PwC survey Budget 2023: What is the Economic Survey? All you need to know about it Rs 7.3 trn debt settled before initiating insolvency: Economic Survey Economic Survey flags concerns on Crypto, pushes ...

Can you avoid 20% Tax collection at Source if you book foreign tours with a credit card? The holiday season is here and people are fretting about booking their foreign trips because if you are purchasing an overseas tour package from a travel agent in India, you will have to pay a  tax collected at source (TCS) of 20 per ...

Course5 Intelligence announces second close of $53 million funding round Course5 Intelligence, an analytics and AI solutions company, on Tuesday announced today the second close of its funding round at $53 million, led by Nuvama Asset Management. The round also saw participation from Carnelian Asset Advisors. This funding follows the first close led by 360 ONE Asset Management, formerly ...

Microfinance grows by nearly 10 times in 10 years to cross Rs 5 trn mark Microfinance in India has a long history. Since the turn of this century, it has been expanding rapidly as a viable financial services business because of the influx of Microfinance NBFCs, growth of the self-help groups (SHG) business by Public Sector Banks, and under ...