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Articles for Banking & Finance

ICICI Bank Faces Rs 7.47 Cr GST Demand From Maharashtra Department

This encompasses GST and interest demands exceeding Rs 3 crore each, accompanied by a penalty of Rs 11 lakh

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In Times Of Rapid Financial Growth, Fraudsters Take Advantage: Uday Gandhi

Uday Gandhi, a chartered accountant and forensic auditor, discusses about his newly launched book's inception, prevalent financial fraud types, detection strategies and hands-on encounters with major financial scandals

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Structural Reforms In MDBs Are Must: Niti Aayog

The Bretton Woods system of monetary management had established rules for commercial relations among the US, Canada, Western European nations, Australia and 44 other countries

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Parliament Data Reveals Unclaimed Bank Deposits At Rs 42,270 Cr, Marking 28% Surge

Of this sum, public sector banks held Rs 36,185 crore, while private sector banks accounted for Rs 6,087 crore in unclaimed deposits by March 2023

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RBI Strengthens Regulations On Banks, NBFCs' Investments In Alternative Investment Funds

The RBI mandates regulated entities to sell their investments in an AIF within 30 days if the fund invests in a company they have exposure to

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IndusInd Bank Considering Sale Of 2.86% Stake In Nippon AMC For Rs 762 Cr In Block Deal: Sources

The block deal's base price has been set at Rs 426.60 per share, marking a 5 per cent discount compared to the current market value

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REs Can Not Make Investment In AIF Where Debtor Company Is Involved: RBI

The debtor company of the Regulated Entities (REs), for this purpose, shall mean any company to which the REs currently has or previously had a loan or investment exposure anytime during the preceding 12 months

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IDFC First Bank Shares Jump 3% On RBI's Approval Of Merger With IDFC, IDFC Financial Holding

Over the last month, the stock of this private sector lender has seen a 6 per cent increase compared to the 8 per cent rise in the benchmark Sensex

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