The DGGI uncovered 6,084 cases of GST evasion totaling Rs 2.01 trillion in 2023-24, double the previous fiscal year.
₹2 Trillion GST Evasion Detected in FY24, Online Gaming Most Susceptible Read More »
Indian NBFCs’ education loan AUM to exceed ₹60,000 crore this fiscal driven by overseas demand. Strong asset quality.
NBFCs expect 45% growth in education loans in FY25, outpacing banks in asset quality Read More »
The Reserve Bank of India is set to launch the Unified Lending Interface (ULI) to revolutionize lending, providing faster and easier access to credit nationwide.
Soon, Loan Processing for MSMEs and Others Will Be Faster and Simpler : Here’s How Read More »
The U.S. expresses concerns about linking domestic fast payment systems like India’s UPI for global transactions, citing potential tradeoffs.
India’s plan to link fast payments like UPI draws cautious response from Fed Read More »
Union Finance Minister Nirmala Sitharaman highlighted the importance of MSMEs in India’s development, prioritizing them in the budget and launching dialogue programs.
Finance Minister Nirmala Sitharaman: MSMEs Crucial for Realising Vision of 2047 Read More »
TransBnk, a fintech company, raised $4M in funding to expand networks, enter new markets, and enhance tech infrastructure.
Fintech Company TransBnk Secures $4 Million in Series A Funding for Banking Solutions Read More »
The RBI identified violations by NBFC-P2P lending platforms, prompting revised guidelines, including capping exposure at Rs 50 lakh and prohibiting certain practices.
RBI Highlights Regulatory Violations by Certain NBFC-P2P Lending Platforms Read More »
The Supreme Court ruled that banks must recognize signs of MSME account distress before labeling them non-performing assets, emphasizing procedure.
Banks to Detect MSME Stress Before Classifying Accounts as NPA Read More »
Finance Minister Nirmala Sitharaman to address RBI’s board on August 10, focusing on key FY25 Budget points and fiscal policies.
Finance Minister Nirmala Sitharaman to Address RBI Board on August 10 Read More »
Nearly 300 small Indian banks, hit by a ransomware attack, have resumed online services after swift recovery and security measures.
Small Indian Banks Resume Operations After Ransomware Attack, Confirms NPCI Read More »
