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NARESH MAKHIJANI
RBI to set up committee to explore fintech in IndiaAs examples of the kind of fintech the RBI is promoting, Vishwanathan mentioned the Unified Payments Interface and the Bharat Bill Payments...
Cashless ecosystem spells big bucks for fintech startups, to reach $2.4 billion by 2020The fintech companies in India are transforming the transactional ecosystem with new and innovative technologies and backing this transform...
Industry, experts cheer passage of Bankruptcy Code in Lok SabhaThe proposed bankruptcy law will improve ease of doing business in India by expediting resolution of stressed assets and streamlining the p...
I expect the RBI to cut the repo rate by 25 bps: Naresh Makhijani, KPMGThe policy announcement assumes all the challenging economic environment, deteriorating asset quality of banks and declining industry growt...
Budget 2016: Lending norms need change to fix rising NPAsSectors to which these NPAs belong, need to be identified. It is important to understand the reasons that have escalated debts in PSBs.
Kotak Mahindra Bank’s acquisition of 19.9% stake in Airtel M Commerce to drive expansionPayments banks are expected to offer last-mile connectivity and the new venture with Airtel will help Kotak ride on the telecom company’s v...
Budget 2016: Bigger tax breaks are essential to kick-start IFSC operationsThe industry expects the government to announce the tax structure that will bring more clarity for an IFSC in the upcoming Union Budget.
Differentiated licensing talk gives banking aspirants hopeThe central bank on August 27 has suggested that after years of single-track approach to bank licensing, it could consider different types ...
- CitiFinancial seeks buyers for its asset portfolio as bad loans mount
CitiFinancial Consumer Finance India, the retail lending unit of Citigroup, is negotiating with private banks to sell its assets as the sal...
- RBI eases norms to help India Inc increase global footprint
In order to encourage Indian cos to expand their global footprint and showcase entrepreneurial skills, the RBI today relaxed norms for over...
- Luxembourg blocks sale of Belgium bank's arm to Hindujas
Luxembourg regulator, CSSF has blocked sale of the private banking unit of Belgium's KBC Bank to Hinduja group, putting hurdles in the Indi...
- Increase tax exemption limit on FD interest: Experts
The move to relax tax norms on FDs would help the banking sector tide over the current liquidity shortage following RBI's decision to tight...
- Budget 2011: Insurers seek separate tax exemption limit for life policies
Currently investment in saving instruments, like risk cover, pension products, PF contributions, NSC and others, are eligible for aggregate...
- Finmin set to review powers of SROs
Govt wants to rely more on SROs to do the first level of due diligence, say to decide the eligibility of an entity to become a merchant ban...
- Super monitor for markets in the offing
The finance ministry is considering a proposal to give statutory powers to the high-level co-ordination committee on capital markets (HLCC)...
Unemployed NRIs ignite rental scene in IndiaNRIs who lost jobs in US and other European countries due to market meltdown are flocking to India, igniting rental market dramatically. Ho...
- Habib Bank of Switzerland seeks FII registration
Habib Bank of Switzerland, which runs Habib Metropolitan Bank of Pakistan, has sought registration as a foreign institutional investor (FII...