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Articles for Banking & Finance

63% Indians Stick To Old Tax Regime: Policybazaar Survey

80 per cent of the respondents are aware of the tax regime they are selecting,Majority prioritise long-term investment, highlights the survey

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RBI Redflags Unauthorised Campaigns On Loan Waiver

“Such activities undermine the stability of financial institutions and above all, the interest of the depositors,” RBI said

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Large Companies May Also Get Pre-pack Scheme Under IBC

The industry has been urging the government to establish such a framework for larger firms as well

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PSBs Predict Quadruple Rise In Doorstep Banking By FY28

In five years, from FY24 to FY28, the 12 PSBs, operating with approximately 86,500 branches nationwide, are estimated to collectively conduct around 4.55 crore DSB transactions

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Merchant Bankers, Law Firms To Be Empanelled For Disinvestment: FinMin

Eligibility for empanelment in the A++ category, which is an Offer For Sale(OFS) transaction size of more than Rs 2,000 crore, interested merchant bankers would be required to have completed at least one equity market transaction of the size of Rs 2,000 crore

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Intellect Design Teams Up With Indian Bank For Cash Management

This initiative underscores the strategic use of technology in transaction banking and supply chain management

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Bank of Maharashtra Set To Issue Rs 1,000 Cr Bonds On 12 Dec

The bonds, falling under Tier-II category, will have a maturity period of 10 years with a callable option after five years

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PhonePe Hits $1.3 Tn Total Payment Value, Joins Top Fintech Firms: Walmart CFO

Earlier this year, Walmart infused an additional USD 200 million in primary capital into the fintech platform, valuing it at USD 12 billion before the money was injected

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