Blog

Rupee appreciates 16 paise to 82.25 against US dollar as it weakens The rupee gained 16 paise to 82.25 against the US dollar in early trade on Wednesday as weakness of the American currency in the overseas market and steady foreign fund inflows supported investors’ sentiment. However, a surge in crude oil prices capped sharp gains for the local unit, ...

RBI eyes 1 mn digital currency transactions daily by year-end: DG The RBI has devised the e-rupee as a digital alternative to physical cash – using blockchain distributed-ledger technology

RBI cancels licence of 2 co-operative banks due to inadequate capital The RBI on Tuesday cancelled the licence of two cooperative banks — Sri Sharada Mahila Co-operative Bank, Tumkur, Karnataka and Harihareshwar Sahakari Bank, Wai, Satara — as the lenders do not have adequate capital and earning prospects. Harihareshwar Sahakari Bank ceases to carry on banking business, with effect from ...

Parliamentary committee to hear RBI, IT ministry on cyber related crimes A parliamentary committee examining the issue of cyber security and rising incidents of cyber crimes has summoned officials of the Reserve Bank of India (RBI) and the Electronics and Information Technology Ministry later this month to seek their views. The panel has already quizzed representatives of several tech majors ...

You may also want to include a company logo in the header as well. The best strategy to get your customers to pay faster is to offer different payment methods. It will offer customers the ability to pick the one that fits their processes. Last but not least, the seller will reconcile the accounts to ensure all invoices have been ...

RBI governor asks banks to remain extra careful, focus on governance The governor held meetings with the MD and CEOs of public sector banks and select private sector banks

Travel credit card launched by IDFC FIRST Bank, Club Vistara, & Mastercard The card will offer Club Vistara points, lounge benefits, annual rewards, golf benefits, and cover for cancelled flight and hotel bookings

Rupee appreciates 21 paise to 82.38 against US dollar in early trade The rupee gained 21 paise to 82.38 against the US dollar in early trade on Tuesday supported by a bullish trend in domestic markets and steady foreign fund inflows. However, a surge in crude oil prices capped sharp gains for the local unit, forex traders said. At the ...

SBI to sell 2% equity stake in IPO-bound NSDL through offer for sale State Bank of India (SBI) on Monday said it proposes to sell 2 per cent stake by offloading 40 lakh shares in depository organisation NSDL. The bank intends to participate in an Initial Public Offering (IPO) of National Securities Depositories Limited (NSDL), SBI said in a regulatory ...

Net direct tax mop-up grows 16% to Rs 4.75 trillion: I-T department Net direct tax kitty swelled 16 per cent to Rs 4.75 lakh crore so far this fiscal, a reflection of economic activity gaining traction. The Income Tax department in a statement said the collection has touched 26.05 per cent of the total budget estimates of direct taxes for ...