Search For "transaction"
RBI directs all banks to keep branches open till March 31 for annual closi
Updated : 2 years, 12 months ago IST
The central bank has written a letter to all the agency banks that they should keep their designated branches open for over-the-counter transactions related to government transactions up to the normal working hours on March 31, 2023.
Read More
Cybercriminals care about security too: how shady business is done on the
Updated : 2 years, 12 months ago IST
New Delhi [India], March 21 (ANI/Bloomingdale): Latest Kaspersky research reveals cybercriminals posted more than 1 million messages mentioning escrow services on the darknet in 2020-2022. Escrow agents are third-party intermediaries involved in such deals to control the fulfillment of ag
Read More
WazirX blacklisted over 2,431 accounts before verifying transactions that
Updated : 2 years, 12 months ago IST
During the above-mentioned time period, 431 requests were received from law enforcement agencies (LEA), against a total transaction volume of USD 390 million on the platform during this period.
Read More
Cyril Amarchand Mangaldas advises JM Financial on block trade in Sona BLW
Updated : 2 years, 12 months ago IST
Mumbai (Maharashtra)/ New Delhi [India], March 21 (ANI/BusinessWire India): Cyril Amarchand Mangaldas advised JM Financial Institutional Securities Limited (JM Financial), the sole broker, on the block sale of shares of Sona BLW Precision Forgings Limited (Sona Forgings), resulting in exit o
Read More
Delhi HC grants 6 weeks to RBI to file reply on Uniform Banking Code
Updated : 2 years, 12 months ago IST
The Delhi High Court on Monday granted six weeks more time to the Reserve Bank of India (RBI) to respond on a Public Interest Litigation (PIL) seeking direction to implement a Uniform Banking Code for foreign exchange transactions to control black money generation and benami transactions.
Read More
RBI Guv stresses on availability, affordability of grievance redressal mec
Updated : 3 years ago IST
Speaking at the Payment System Operators (PSO) Conference in Kochi on Saturday, the government said, "Availability and affordability of an expeditious grievance redress mechanism is of utmost importance to ensure public trust in digital payments."
Read More
RBI, UAE Central Bank sign MoU to facilitate cross-border CBDC transaction
Updated : 3 years ago IST
Under the MoU, the two central banks will collaborate on various emerging areas of fintech, especially central bank digital currencies (CBDCs) and explore interoperability between the CBDCs of CBUAE and RBI.
Read More
IDBI Bank divestment on track, reports on possible delay speculative: DIPA
Updated : 3 years ago IST
Reports of a possible deferment of the disinvestment of IDBI Bank are speculative and baseless, and the transaction continues to be on track, said the Department of Investment and Public Asset Management (DIPAM) on Friday.
Read More
OfBusiness launches exclusive app to help MSMEs increase business transact
Updated : 3 years ago IST
Gurugram (Haryana) [India], March 16 (ANI/BusinessWire India): Gurugram based OfBusiness (OFB), a B2B unicorn, has launched a unique and customized app to help Micro, Small, and Medium Enterprises (MSMEs) to procure and supply raw materials, be it infrastructure based such TMT, Flat Steel, A
Read More
India's digital transactions more than US, China, Europe combined: DPIIT s
Updated : 3 years ago IST
Department for Promotion of Industry and Internal Trade (DPIIT) secretary made the remarks during an interactive session on 'Inclusion on the Back of Technology: Best Practices' at the CII Partnership Summit 2023 here on Tuesday.
Read More
India applies anti-money laundering laws to cryptocurrency - Dogetti, Meta
Updated : 3 years ago IST
New Delhi [India], March 14 (ANI/ATK): India is tightening the screws on cryptocurrency as the country's Ministry of Finance, in a gazette notification announced that all transactions related to cryptocurrencies or virtual tokens will come under the Prevention of Money Laundering Act 2002 (P
Read More
Income Tax dept selects 68,000 high-value transaction cases for e-verifica
Updated : 3 years ago IST
CBDT chief Gupta said that the I-T department had taken several progressive steps to encourage voluntary tax compliance and facilitate a transparent and non-intrusive tax administration. One such major initiative is the e-Verification Scheme, 2021, which was notified on December 13, 2021.
Read More