New Delhi, Jun 4 (KNN) The Asian Development Bank (ADB) and Standard Chartered Bank have entered into two agreements aimed at strengthening supply chain finance in India through risk-sharing mechanisms covering both US dollar and rupee-denominated transactions. According to an ADB statement issued on Wednesday, the partnership includes aContinue Reading
New Delhi, Jun 24 (KNN) The Reserve Bank of India (RBI) has issued comprehensive new directions governing the Trade Receivables Discounting System (TReDS), consolidating a decade of fragmented guidelines into a single regulatory framework. The directions come into effect immediately and repeal the original TReDS guidelines issued in December 2014Continue Reading
New Delhi, Jul 13 (KNN) The Ministry of Corporate Affairs (MCA) has extended the validity of the Companies Compliance Facilitation Scheme, 2026 (CCFS-2026) until August 31, 2026, providing defaulting companies additional time to complete pending statutory filings. The scheme, which was originally scheduled to end on July 15, 2026, hasContinue Reading
Mumbai, Jul 28 (KNN) India must develop deep, broad and resilient financial markets before achieving developed economy status, as the country’s future financing needs cannot be met through the traditional bank-led model alone, Reserve Bank of India (RBI) Deputy Governor Rohit Jain has said. RBI Calls for Stronger Market-Based FinancingContinue Reading
New Delhi, Aug 8 (KNN) The Payments Council of India (PCI) has supported discussions around introducing a merchant discount rate (MDR) for the Unified Payments Interface (UPI), stating that sustained investment is essential to maintain the country’s real-time digital payments infrastructure. PCI, an industry body representing digital payments companies, saidContinue Reading
New Delhi, Apr 11 (KNN) The Reserve Bank of India (RBI) on Friday outlined its medium-term strategy for April 2026 to March 2029 under the ‘Utkarsh 2029’ framework, aimed at reinforcing its position as a world-class, full-service central bank. Strategic Focus And Key Initiatives The strategy prioritises long-term initiatives suchContinue Reading
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
