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Banks seek flexible reserve norms as RBI weighs risks

Lenders have asked the RBI to permit the compulsory portion of funds set aside for the maintenance of the Cash Reserve Ratio (CRR) to be made eligible as High Quality Liquid Assets (HQLA) for the purpose of computing Liquidity Coverage Ratio (LCR), sources aware of the developments told ET.

India , Basel-committee-on-banking-supervision , National-electronic-fund-transfer , Silicon-valley-bank , Reserve-bank , Cash-reserve-ratio , High-quality-liquid-assets , Liquidity-coverage-ratio , Statutory-liquidity-ratio , Basel-committee , Banking-supervision

Some banks open on March 30 and 31: Check full list of Agency Banks, services allowed and more | India Business News

India Business News: The Reserve Bank of India (RBI) has instructed all agency banks to keep their branches open for government transactions during normal working hours on March 30 and March 31, 2024.

Baroda , Gujarat , India , Nagpur , Maharashtra , Kashmir , Jammu-and-kashmir , Tamilnad , Tamil-nadu , Canara , Karnataka , Jammu

8.18 crore ITRs! A record number of income tax returns filed till Dec 31

The income-tax (I-T) department has recorded a surge in filing of Income-tax Returns (ITRs), resulting in a new record of 8.18 crore ITRs for the A.Y. 2023-2024

Webex , It-department , Annual-information-statement , Taxpayer-information-summary , Internet-banking , Debit-card , Income-tax , Itr , Income-tax-return , Neft , Tis

Soon, know real time if NEFT, internet banking, UPI, mobile banking are working or down with new banking dashboard

India Business News: The Reserve Bank of India (RBI) has directed banks to create a 'service availability web page' or SEWA dashboard. This dashboard will provide customer

India , Canada , Canadian , Reserve-bank , Business-news , Upi , Sewa-dashboard , Service-availability-web-page , Rtgs , Reserve-bank-of-india , Rbi

NEFT, Debit cards trail as UPI picks up

In terms of the amount settled, debit card transactions are just a third of the amount settled through UPI during the month. In value terms Rs 17 lakh was settled through UPI in November. Besides widespread usage in financially savvy urban centers, UPI is now picking up in semi urban and rural areas.

India , Ketan-patel , Reserve-bank , Mumbai-based-mswipe-technologies , Neft , Insurance , Debit , Credit , Bank , Payment , Reserve-bank-of-india

As India connects to UPI, NEFT and debit card usage takes a hit

In terms of the amount settled, debit card transactions are just a third of the amount settled through UPI during the month. In value terms Rs 17 lakh was settled through UPI in November. Besides widespread usage in financially savvy urban centers, UPI is now picking up in semi urban and rural areas.

India , Ketan-patel , Reserve-bank , Mumbai-based-mswipe-technologies , Neft , Insurance , Debit , Credit , Bank , Payment , Reserve-bank-of-india

Neft Vodka taps into F1 - The Spirits Business

Austrian vodka Neft has entered the world of Formula 1, signing a deal to be an official partner of the Scuderia AlphaTauri team.

Austria , United-kingdom , Austrian , Scuderia-alphatauri , Fabian-wrabetz , Daniel-ricciardo , Yuki-tsunoda , Neft , Enotria-coe , Jeff-mahony , Las-vegas-grand-prix

Even beyond UPI, Indian payments space is changing

ATMs saw fewer cash withdrawals, credit cards continued to boom and IMPS ticket size was up in the past year

India , Immediate-payment-service , Airtel , National-electronic-funds , National-payment-corporation-of-india , Reserve-bank , India-post , National-electronic-funds-transfer , National-payment-corporation , Unified-payments-interface , Upi

Canara Bank customers can make PPF, Sukanya Samriddhi Yojana contributions via NEFT from any bank

Canara Bank customers can now credit their Public Provident Fund and Sukanya Samriddhi Yojana accounts maintained at Canara Bank with this new facility.

Economic-times-news-app , Daily-market-updates , Live-business , Canara-bank , Sukanya-samriddhi-yojana , Ppf , Neft , National-electronic-fund-transfer , Small-savings-schemes ,

ITR filing: How to generate CRN challan/mandate form when making tax payment offline

Those taxpayers who want to make payment through offline mode should generate challan/mandate Form bearing CRN through ePay tax module only.

Income-tax , Mandate-forms , Mandate-form , Challan-form , Generated-challans , Net-banking , Advance-tax , Financial-year , Payment-history , Demand-draft , Economic-times-news-app