Companies announce raising more funds Several companies on Friday announced that they would raise funds using bonds and commercial papers. This includes companies like Muthoot Finance, IIFL Finance, and Axis Finance, as well as banks like Canara Bank. NTPC NTPC is planning to raise funds by selling commercial papers maturing in three months, a report by Reuters said. The ...

Axis Bank has adequate capital to absorb quarterly loss, says S&P report Bank’s ability to pay dividends is protected, net credit costs have declined: Ratings agency

Centre likely to seek different taxation policy for games of skill, chance In a shift in policy, the Centre has decided to advocate for a different taxation policy for online gaming, with “games of chance” (gambling) being subject to a higher rate of goods and services tax (GST) than “games of skill”, a report by the Financial Express (FE) said. ...

S&P affirms Bank’s long-term issuer credit rating at ‘BBB-‘ S&P upgrades Tata Motors’ long-term issuer, issue credit ratings to ‘BB’ S-P upgrades Axis Bank’s long term issuer rating from ‘BB+’ to ‘BBB-‘ Fitch affirms India at ‘BBB-‘, says medium-term growth outlook is key Fitch affirms India’s sovereign rating at BBB- with stable outlook HDFC Bank stock’s re-rating still some time ...

After decade of wilderness, Indian banking sector regain health but lack caution By Andy Mukherjee Indian banking sector spent most of the last decade out in the wilderness, as a punishment for the lax underwriting standards on their corporate loans. Now they have regained their health, restored profitability and reestablished investors’ trust. The benchmark Nifty Bank Index is close ...

Need for business insurance leads to ‘Policybazaar of Business’ programme Policybazaar, an insurance brokerage firm has launched a new programme “Policybazaar for business” to fill the growing need for corporate insurance in the post-Covid world. After the Pandemic, the need for a business to protect itself as well as its employees against eventualities has become undeniable. Keeping this in ...

Aadhaar enabled e-KYC jumps by 16% in March 2023; how you can obtain Aadhaar paperless offline e-KYC data [ad_1] Aadhaar, the digital infrastructure of good governance, is used for a variety of services, including direct financial transfers, authentications, and last-mile banking. The Aadhaar e-KYC service continues to play an outstanding role for both banking and non-banking financial services. According to ...

FinMin considering classifying online games as games of skill, chance The Finance Ministry is considering classifying online gaming into categories of skill and chance, and levying a differential rate of GST, an official said. Online games where winning is dependent on a certain outcome or is in the nature of betting or gambling would attract 28 per cent ...

Stress tests show Indian banks can tackle ‘severe’ instability: RBI Guv Das Finance minister asks public banks to take stress tests; what are these? 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 about the policy announcement RBI MPC: When and where to watch policy ...

Why EPF e-passbook facility is still down; other ways to view your passbook [ad_1] Many EPF members who clicked on the e-passbook page encountered a 404 error. This has been the case for about a week now. It appears that a server issue is to blame for the users’ inability to access the EPFO portal’s e-passbook service. “According to the ...