New Delhi, Apr 29 (KNN) The Reserve Bank of India (RBI) Governor Sanjay Malhotra on Tuesday launched ‘Mission SAKSHAM’, a nationwide capacity-building initiative aimed at strengthening the Urban Cooperative Banking (UCB) sector through focused training and skill development. Mission SAKSHAM—meaning “to make capable”—will be implemented in a mission mode acrossContinue Reading
New Delhi, May 15 (KNN) A sharp jump in bank deposit growth to 13.5 per cent year-on-year (YoY) in March 2026—the highest since the withdrawal of Rs 2,000 notes in June 2023—masks deep structural weaknesses, according to a research note by Ambit Capital. The Ambit Institutional Equities report, titled “OneContinue Reading
New Delhi, Jun 5 (KNN) The Indian Institute of Corporate Affairs (IICA), under the Ministry of Corporate Affairs, in association with the Association of Insolvency Professional Entities (AIPE), will organise the convocation ceremony of the sixth batch of its Post Graduate Insolvency Programme (PGIP) and a national conference on JuneContinue Reading
New Delhi, Mar 17 (KNN) Digital payment transactions in India have witnessed strong growth in recent years, driven by coordinated efforts of the government, the Reserve Bank of India (RBI) and the National Payments Corporation of India (NPCI), Finance Minister Nirmala Sitharaman informed the Lok Sabha. During FY 2024–25,Continue Reading
New Delhi, Apr 1 (KNN) The Reserve Bank of India (RBI) has extended key trade relief measures for exporters in view of continued geopolitical uncertainties and logistical disruptions arising from the West Asia crisis. The central bank has now allowed an enhanced export credit period of up to 450 daysContinue Reading
New Delhi, Mar 10 (KNN) Minister of State for Finance Pankaj Chaudhary informed Parliament that the Reserve Bank of India (RBI) has issued comprehensive directions on lending against gold and silver collateral to standardise norms across regulated financial institutions. RBI Issues Unified Framework For Loans Against Precious Metals According toContinue Reading
New Delhi, Mar 18 (KNN) The government has clarified that there is no specific legal definition of High Net Worth Individuals (HNIs) under the Income-tax Act, 1961, with taxation of individuals based on income slabs regardless of the source of income. Minister of State for Finance Pankaj Chaudhary said incomeContinue Reading
