10 NBFCs, 1 asset reconstruction firm defer registration certificates: RBI The Reserve Bank of India on Wednesday said 10 NBFCs and one asset reconstruction company have surrendered their registration certificates. The 10 Non-Banking Financial Companies (NBFC), which surrendered their registration certificates, include Telecom Investments India Private Limited, Srinivasa Finance Corporation Private Limited and Parkin Marketing Pvt. ...

Discussions for next G20 Financial Inclusion Action Plan kicked off A new G20 Financial Inclusion Action (FIA) Plan is in the works. Initial discussions have started, said Chanchal Sarkar, Economic Advisor, Ministry of Finance. Sarkar chaired the first G20 Global Partnership for Financial Inclusion (GPFI) meeting in Kolkata, which concluded on Wednesday. The G20 ...

L&T Finance to increase retail loan portfolio to 75% of total loan book L&T Finance Holdings (LTFH), a subsidiary of Larsen & Toubro, plans to focus on increasing its retail loan book after it sold its mutual funds business to HSBC last year. A senior company official said L&T Finance plans to increase its retail ...

gold loan interest rates: 10 banks offering best gold loan interest rates [ad_1] Many Indians turn to the gold loan when they are in need of emergency funds. Until the loan is fully repaid, the gold acts as collateral with the bank. A person can depend on a gold Loan at any moment, whether they need money to grow their ...

Govt extends tenure of SBI MD Challa Sreenivasulu Setty by 2 years The government has extended the term of State Bank of India Managing Director Challa Sreenivasulu Setty by two years with effect from January 20. In a regulatory filing, SBI said the government issued a notification to this effect on January 10. “… the ...

Kisan vikas patra interest rate: How much Kisan Vikas Patra (KVP) interest rate was hiked for January–March 2023 quarter [ad_1] The government has hiked interest rate on Kisan Vikas Patra for the quarter January – March 2023. The Kisan Vikas Patra is a small savings tool that will make it easier for people to contribute to long-term savings plans. Due ...

At Rs 14.71 trn, direct tax collection hits 86.6% of FY23 target by Jan 10 The Centre’s net direct tax collections, after adjusting for refunds, grew 19.55 per cent during the current fiscal year up to January 10, touching 86.68 per cent of the FY23 Budget Estimates (BE). Data released by the finance ministry on ...

Soon, these NRIs can use UPI with their international mobile numbers [ad_1] Non-resident Indians (NRIs), who are holding bank accounts in India and are living abroad, will soon be able to use Unified Payments Interface (UPI) platforms with their international mobile numbers. The National Payments Corporation of India (NPCI) has allowed UPI platforms to onboard non-resident accountholders (NRE/NRO accounts) from ...

Fresh KYC details for bank accounts: Do you need to submit it again? Is it mandatory? RBI answers – Do you need to submit fresh KYC details? [ad_1] Fresh KYC details for bank accounts: Do you need to submit it again? Is it mandatory? RBI answers – Do you need to submit fresh KYC details? | The Economic Times Updated: ...

RBI: Rupee continues winning streak, gains 1.5% in 3 days on foreign flows The rupee extended a stellar strengthening streak on Wednesday. It has gained 1.5 per cent so far this week as foreign investment flows continued to hit the currency market and as dollar demand from oil companies shrank, dealers said. The rupee closed ...