Outward remittances: NBFCs don't need prior RBI nod for dealer tie-upsThe framework shifts regulatory focus away from ex-ante approvals toward compliance, transparency and consumer protection obligations at re...
14 May, 2026, 01.49 AM IST
12 key income tax form changes every taxpayer should know: From Form 16 to Form 168A new Income-tax Act arrives on April 1, 2026. It brings fresh income tax forms and replaces many old ones. Taxpayers will use these new fo...
08 May, 2026, 10.09 AM IST
NRI but using resident savings account? Here’s what you must know about NRE, NRO, and FEMA rulesNRIs must update their Indian bank accounts to NRE or NRO status to comply with FEMA regulations. Failing to do so can result in significan...
30 Apr, 2026, 12.07 PM IST
Central banks look through inflation until entrenched, no evidence of second-round effects: Dy Gov Poonam GuptaThe Reserve Bank of India is navigating global economic hurdles and geopolitical tensions. Deputy Governor Poonam Gupta explains the centra...
24 Apr, 2026, 09.15 AM IST
Shadowfax launches ‘Shadowfax 360’ digital shipping platform for SMEs and D2C brandsThis dynamic digital shipping platform connects you to a vast network across the nation, ensuring hassle-free logistics.
21 Apr, 2026, 02.44 PM IST
How UPI can make India an architect of global financial connectivityIndia's triumph with UPI in digital payments is on the brink of revolutionizing cross-border money transfers. The goal is to enhance the sp...
07 Apr, 2026, 11.35 PM IST
India, Pakistan, others tell WTO to facilitate cross-border remittance transfers fairlyIndia, Pakistan, Morocco, and the Africa Group urged WTO members to commit to a fair and low-cost international financial system for cross-...
18 Mar, 2026, 12.25 AM IST
Why transparency in remittances is critical for Indian families funding global educationIndian families are losing millions on overseas education payments due to hidden fees and poor exchange rates. Traditional banks add markup...
14 Oct, 2025, 01.45 PM IST
Coalitions at WTO to help India push for open payment systems adoption, cut remittance cost: GTRIIndia is advocating for the adoption of open and interoperable payment systems, such as UPI (Unified Payments Interface), among WTO (World ...
26 Feb, 2024, 11.26 AM IST
At WTO, India proposes lower cost of cross-border paymentsIndia has proposed a work programme at the World Trade Organization (WTO) aimed at reducing the cost of cross-border remittances to promote...
17 Feb, 2024, 12.48 AM IST
Yes Bank, LeRemitt in pact to enable smooth cross-border transactions for MSMEsIn addition to multi-currency support, the platform offers transparency, efficiency, and cost benefits for small businesses involved in glo...
07 Feb, 2024, 03.23 PM IST
Cross Border Remittance: A need for transparency similar to capital marketsIn case I am loading a forex travel card or purchasing currency for foreign travel, again my negotiation skills with my bank relationship m...
27 Feb, 2023, 03.18 PM IST
Indians lost Rs 26,300 crore as foreign exchange fees in 2020The money lost annually by Indians grew to Rs 26,300 crore in 2020, as compared to Rs 18,700 crore in 2016, the study commissioned by Wise,...
28 Oct, 2021, 05.32 PM IST
Indians paid Rs 263 billion in foreign exchange fees in 2020: ReportThe study conducted by Wise, a global technology company, revealed that between 2016 and 2020, the annual amount Indians lost in fees and e...
27 Oct, 2021, 09.18 AM IST
- Banks advised to lower existing remittance charges: Government
To improve remittances coming into the country, the government has advised banks to review existing charges on them.
23 Nov, 2011, 11.15 PM IST
- TimesofMoney, Axis Bank ink deal for remittance solution
TimesofMoney has entered into an agreement with Axis Bank to provide its remittance solution to Axis Bank which will help the bank offer it...
19 Nov, 2008, 12.00 AM IST
- Axis Bank launches new online remittance service
Axis Bank, one of India's private sector banks has tied up with Times-of-Money (a non-bank e-payments service provider) to launch AxisRemit...
18 Nov, 2008, 05.03 PM IST