MD & CEO of CSB Bank, C V R Rajendran announces early retirement on health grounds C V R Rajendran the Managing Director & Chief Executive Officer of CSB Bank has announced to take early retirement on health grounds. He Read more
NSO projects Indian economy to grow 9.2% in FY22 The National Statistical Office (NSO) has estimated India’s GDP to grow at 9.2 percent in the current fiscal, 2021-22. NSO released its first advance estimates of economic output on January 07, Read more
Ind-Ra lowers India’s GDP growth forecast by 10 basis points to 9.3% in FY22 The ratings agency India Ratings and Research (Ind-Ra) has downgraded the GDP of India for the current fiscal FY 2021-2022. Ind-Ra expects the GDP to clock Read more
NPCI Bharat BillPay launches Unified Presentment Management System to simplify recurring bill payments NPCI Bharat BillPay (NBBL) has announced the launch of a Unified Presentment Management System (UPMS) on January 04, 2022. Under the UPMS system, bills will be automatically Read more
CryptoWire launches India’s first cryptocurrencies index IC15 The global cryptocurrency app CryptoWire has launched India’s first index of cryptocurrencies named IC15. IC15 is a rule-based broad market index that will track and measure the performance of the top 15 widely Read more
RBI Gives Scheduled Bank Status to Airtel Payments Bank The Reserve Bank of India (RBI) has included Airtel Payment Bank in the ‘Second Schedule to the Reserve Bank of India Act, 1934’ on January 04, 2022. This means that Airtel Read more
State Bank of India invests USD20 million in payment solutions provider Pine Labs India’s largest lender, the State Bank of India has invested $20 million (Rs 150 crore) in Pine Labs Pvt Ltd. Pine Labs is an Indian merchant commerce platform Read more
RBI Retains SBI, ICICI Bank, HDFC Bank as Domestic Systemically Important Banks (D-SIBs) Reserve Bank of India has retained State Bank of India, ICICI Bank and HDFC Bank as Domestic Systemically Important Banks (D-SIBs). These three banks have continued to Read more
IndusInd Bank launches ‘green fixed deposits’ for retail and corporate customers IndusInd Bank has launched “Green Fixed Deposits” for its retail and corporate customers. The bank will use the proceeds from these deposits to finance projects and firms supporting the United Read more
GST Collection in December 2021 stands at over Rs 1.29 crore: FinMin As per the data released by the Ministry of Finance, the gross GST (Goods and Services Tax) revenue collected in December 2021 stood at Rs.1,29,780 crore. The revenues collected in Read more