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2023 was a year that kept the Indian finance and banking sector on its toes. From navigating global shocks to witnessing groundbreaking domestic developments, the year was a whirlwind of challenges and triumphs. Here’s a deeper dive into 10 key…
In banks, we mostly see old people dragging their tired legs from table to table in order to receive the service they are looking for. We are already aware of the behavior of some bank employees who are not so…
The last time you went shopping for groceries, did you notice that the size of your favorite chocolate bar has reduced? Or did you notice that now there are a lesser number of biscuits in your favorite biscuit pack? Usually,…
Vodafone Idea (Vi), India’s third-largest telecom operator, is said to have prepaid (paid for in advance) Rs 2700 crore to the State Bank of India (SBI). This is to regain the lenders’ trust, as the telco requires urgent finance for…
Ministry of Finance said UPI is a digital public good with immense convenience for the public & productivity gains for the economy. Recently, RBI had released released a discussion paper seeking feedback on charges related to Unified Payments (UPI) Interface…
In an effort to further plug income leaks and ensure improved tax compliance from firms, the centre via notification number 17/2022 has made electronic invoicing essential for companies with annual revenues exceeding Rs 10 crore as of October 1. E-invoice…
Despite an improvement in overall repayment collection, almost 12% of all microfinance loans totaling Rs 2.76 lakh crore were still non-performing assets (NPA) at the end of June, according to the microfinance industry association Sa-Dhan. Several important states, including Assam,…
The Reserve Bank of India (RBI) has released a discussion paper seeking feedback on charges related to Unified Payments (UPI) Interface and credit cards among others. “Charges for payment services should be reasonable and competitively determined for users while also…
The Reserve Bank of India (RBI) on Thursday cancelled the license of Deccan Urban Co-operative Bank Ltd, Vijayapur, Karnataka due to inadequate capital and no earning prospects. Consequently, the bank ceases to carry on banking business, with effect from the…
On Friday, Adani Power and DB Power reached an agreement to be merged. DB Power owns and runs a functioning 2×600 MW thermal power plant in the Chhattisgarh district of Janjgir Champa. With this acquisition, the Adani Group-backed power flagship…