Australia regains millionaire magnet crown Australia is expected to attract the highest net inflow of high net worth individuals in 2023 at 5,200, while the UAE has dropped to second place , following its record-breaking influx in 2022, according to the  Henley Private Wealth Migration Report 2023, which tracks wealth and investment migration trends worldwide. While UAE is still ...

Most loved credit cards for online spends in India Even though UPI is eating into the debit card market, India is on track to achieving the 100 million credit-card milestone this year as  credit cards in force (CIF) reached a record high in April 2023 with 86.5 million cards in circulation, according to a report  by Bankbazaar. Data from ...

FM seeks spotting of credit-deficient districts for financial inclusion File pic | Photo: ANI Twitter Finance Minister Nirmala Sitharaman on Monday suggested identification of credit-deficient districts in each state and carrying out special credit outreach camps there. She also suggested holding a special district level review committee meeting between July 15 to August 15 and inviting MPs from ...

Reports of missing Rs 500 notes based on erroneous information, says RBI India was close to printing Rs 10,000 notes in 2016: All you need to know Provide adequate infra at branches for Rs 2,000 note exchange: RBI to banks RBI asks banks to keep daily data on exchange, deposit of Rs 2,000 notes 50% of Rs 2,000 notes returned ...

Tamil Nadu woos fintech firms; hopes to raise Rs 12,000 cr for Fintech City Tamil Nadu chief minister M K Stalin has laid the foundation for a Fintech City and Fintech Tower in Chennai, targeting an investment of about Rs 12,000 crore in the sector. “We have allotted 56 acres at Nandambakkam in the city. This will attract Rs ...

GST Council may vet CBIC’s plan for additional validations in return filing The GST Council in its meeting next month is likely to consider CBIC’s proposal to introduce additional validations in the GST return filing system to check evasion and fake input tax credit (ITC) claims, a senior official said. In a special drive since November 2020, central ...

Reports of missing Rs 500 notes based on erroneous information, says RBI India was close to printing Rs 10,000 notes in 2016: All you need to know Provide adequate infra at branches for Rs 2,000 note exchange: RBI to banks 50% of Rs 2,000 notes returned to banks since announcement: RBI Guv Das Explained: What are the tax implications of ...

Barings PE, ChrysCapital acquire 90% stake in HDFC Credila for Rs 9,060 cr Private Equity players Barings and ChrysCapital and associates will acquire 90 per cent stake in education loan company HDFC Credila Financial Services Ltd (HDFC Credila), from mortgage major HDFC for over Rs 9,060 crore. Housing Development Finance Corporation (HDFC) in a stock exchange notification said the ...

Cash transactions dramatically spike at petrol pumps, online orders: Report One of the major benefits of the Centre’s decision to withdraw the Rs 2,000 currency note might be the immediate uptick in consumption demand, according to the State Bank of Indias Economic Research Department. “As per our estimate consumption demand may be frontloaded by Rs 55,000 crore. With ...

Karur Vysya Bank in expansion mode; sets up 800th branch in Chennai Private sector Karur Vysya Bank on Monday under its expansion drive inaugurated its 800th branch in the city, a top official said. The Tamil Nadu-based lender also inaugurated its digital banking unit on the occasion. “We are delighted to inaugurate our 800th branch and other ...