IBC completes 10 years since since its implementation in 2016
The Insolvency and Bankruptcy Code (IBC), which came into force in 2016, has completed 10 years of its existence today. The Code has emerged not merely as a legislative reform,…
CBI conducts searches at 7 locations in Mumbai and Ahmedabad in two bank fraud cases
The Central Bureau of Investigation (CBI) conducted searches at seven locations in Mumbai and Ahmedabad in two bank fraud cases of over 119 crore rupees. The searches were conducted in…
EPFO to automate process for settling PF withdrawal claims
The Employees’ Provident Fund Organisation (EPFO) is working to automate the process for settling provident fund withdrawal claims. Speaking at an event, Central Provident Fund Commissioner of EPFO Ramesh Krishnamurthi…
Cyber Crime Coordination Centre Signs MoU with RBI Innovation Hub to Tackle Mule Accounts
Sudhir Kumar The Indian Cyber Crime Coordination Centre (I4C) has entered into a strategic partnership with the Reserve Bank Innovation Hub (RBIH) to strengthen the fight against cyber-enabled financial frauds.…
PM Modi highlights impact of PMJJBY, PMSBY, Atal Pension Yojana launched 11 years ago
AMN Prime Minister Narendra Modi highlighted the impact of key social security and pension schemes like PM Jeevan Jyoti Bima Yojana, PM Suraksha Bima Yojana and Atal Pension Yojana launched…
UPI emerges as world’s largest real-time payments platform
The Unified Payments Interface (UPI) has emerged as the world’s largest real-time payments platform, anchoring India’s digital economy. A decade after its launch, UPI has transformed from a fledgling digital…
Rupee depreciates by 36 paise against US dollar
In the forex market today, the rupee depreciated by 36 paise to settle at 94 rupees and 55 paise against the US dollar. The dollar index, which indicates US dollar’s…
RBI Governor Sanjay Malhotra visits financial literacy camp in Dehradun
In Uttarakhand, Reserve Bank of India Governor Sanjay Malhotra today visited a financial literacy camp organized for members of self-help groups from Bhopal Pani, Badasi, and Soda-Saroli gram panchayats in…
FM Nirmala Sitharaman Calls for Coordinated Effort to Simplify KYC
A R DAS Union Finance Minister Nirmala Sitharaman today appealed all financial regulator to work together for easing KYC process for common citizens. Addressing SEBI’s 38th foundation day celebration in…
India Tightens Cyber Shield: Sitharaman Chairs High-Level Meet on AI Threats to Banking System
Our Correspondent / New Delhi Union Ministers — Nirmala Sitharaman and Ashwini Vaishnaw chaired a high-level meeting with Scheduled Commercial Banks to assess the growing risks posed by emerging developments…