Loan Finance
Home » LoanFinanceadmin

Author Archives: LoanFinanceadmin

UPI best payments system, RBI not averse to having rival of NPCI: Das

UPI best payments system, RBI not averse to having rival of NPCI: Das Reserve Bank Governor Shaktikanta Das on Thursday dismissed criticism from certain quarters that after the huge success of UPI, its creator NPCI has become a monopoly and asserted that there is more room for the payment app to grow and it can become the world leader in ...

Read More »

RBI asks CROs of banks to take pre-emptive measures to mitigate risks

RBI asks CROs of banks to take pre-emptive measures to mitigate risks The Reserve Bank of India has asked chief compliance officers and Chief Risk Officers (CROs) to be proactive and take pre-emptive measures to mitigate risks. Addressing a conference of heads of assurance functions (i.e., chief compliance officers, CROs and heads of internal audit) of all Scheduled Commercial Banks ...

Read More »

Income Tax in Budget 2024: Will standard deduction limit be hiked from Rs 50,000 to help salaried taxpayers?

Income Tax in Budget 2024: Will standard deduction limit be hiked from Rs 50,000 to help salaried taxpayers? [ad_1] Standard deduction is one of the most widely used deductions as salaried taxpayers can claim it without making any investments. There has been a longstanding demand to increase the standard deduction limit. The demand has become louder after standard deduction was ...

Read More »

Rupee dwindles 4 paise, reaches 83.17 against US dollar in early trade

Rupee dwindles 4 paise, reaches 83.17 against US dollar in early trade The rupee depreciated 4 paise to 83.17 against the US dollar in early trade on Wednesday amid selling of equities by foreign investors and an upward movement in crude oil prices. Subdued sentiment in the domestic equity markets also weighed on the Indian currency, forex traders said. At ...

Read More »

SMFG India Credit raises Rs 600 crore via maiden rupee debt issuance

SMFG India Credit raises Rs 600 crore via maiden rupee debt issuance Japan’s Sumitomo Mitsui Banking Corporation has raised Rs 600 crore through its maiden rupee-denominated perpetual debt issuance and the money will be infused into the group entity SMFG India Credit Co. The amount mopped up through the external commercial borrowing route would help to bolster the tier-I capital ...

Read More »