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Utkarsh Small Finance Bank: Utkarsh Small Finance Bank may have to pay Rs 52 crore more as income tax

Utkasrh had been claiming taxation under the concessional tax rate regime since assessment year 2020-21 and it had been granted the said benefit in accordance with the provisions of Income Tax Act for earlier assessment years, it said. ....

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What exactly went wrong at Bank of Baroda, and what it tells about India's digital banking

Amid the rush to digitise banking, the news that employees of Bank of Baroda (BoB) tampered with bank accounts to inflate the number of digital users flags serious gaps in banking digitisation and lack of oversight as well as foolproof standard operating procedures. ....

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USFBL leads the way with Interoperable Cardless Cash Withdrawal using UPI on ATMs

NL Corresspondent Jammu Tawi: Utkarsh Small Finance Bank Limited (“USFBL” or the “Bank”), today announced the launch of an innovative service, set to revolutionize cash withdrawal experiences. Utkarsh Small Finance Bank is dedicated to offering process-centric, technology-driven, and customer-oriented services that lead to a reliable, scalable, and sustainable institution, driving socio-economic change. The Bank is ....

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