Blog

09 April 2019 BENGALURU: Paytm Postpaid , the online credit business of the digital payments major Paytm, is transferring its loan book to Gurgaon-based non-banking finance company Clix Capital , in what could possibly be a fallout of regulatory scrutiny, people familiar with the development said. While there is no exact clarity on whose financial …

09 April 2019 Extradition law: Hong Kong tycoons start moving assets offshore Hong Kong: Some Hong Kong tycoons have started moving personal wealth offshore as concern deepens over a local government plan to allow extraditions of suspects to face trial in China for the first time, according to financial advisers, bankers and lawyers familiar with …

GST collections in April jumped to its highest level of Rs 1,13,865 crore since its roll out in 2017. While collections have been gradually increasing since August, they hit a record high last month of Rs 1.06 lakh crore, up from Rs 97,247 crore in the previous month, on the back of high compliance and increased number …

SBI’s head Rajnish Kumar has been elected as the chairman of Indian Banks Association for fiscal 2019-20. UBI’s G Rajkiran Rai, S S Mallikarjuna Rao of PNB and Madhav Kalyan JP Morgan Chase Bank have been appointed deputy chairmen. 18 October 2019 SBI’s head Rajnish Kumar has been elected as the chairman of the banking …

SFM Nirmala Sitharaman had said business establishments with annual turnover of more than 50 crore should offer low cost digital modes of payment to their customers and the RBI and banks should absorb cost of transactions. 18 October 2019 The government on Friday said banks or system providers will not impose charges or Merchant Discount …