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Business

TCS on Credit Card calculation: How much extra will you have to pay on an international trip?

There’s a piece of bad news for travellers using international credit cards abroad. Not only the transactions done abroad have been brought under...
Business

Net interest margins to be under pressure for a quarter: HDFC chairman Deepak Parekh

HDFC will hold a separate meeting for shareholders’ approval for merging the corporation with HDFC Bank. Speaking at the annual general meeting in...
Business

Bank credit to micro, small enterprises jumps nearly 20% in April from year-ago: RBI data

Credit and Finance for MSMEs: Bank credit to micro and small enterprises (MSEs) continued to improve in April 2022. Gross bank credit deployed...
Business

Equitas SFB gets RBI nod to amalgamate EHL into itself

Equitas Small Finance Bank (ESFBL) on Friday said it has received a no-objection certificate from the Reserve Bank of India (RBI) for the...
Business

Will ensure abundant liquidity for credit system to function normally, RBI Governor says

On the banking sector, he said public and private lenders have raised additional capital over the last few quarters. Reserve Bank of India...
Business

Reserve Bank asks NBFCs to implement core financial services solution by September 2025

In a circular, Reserve Bank of India (RBI) said it has been decided that NBFCs – Middle Layer and NBFCs – Upper Layer...
Business

Disclosing names of NUE applicants to hurt competitive positions: RBI

Six consortia formed by various banks, card networks and corporate groups are reported to have put in applications to set up NUEs. The...
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