GST revenue collection for April highest-ever at Rs 1.87 lakh crore

May 01, 2023

GST revenues for April 2023 are 12 per cent higher than the GST revenues year-on-year. The highest tax collected on a single day...

RBI's red flag on non-bank lenders raises volatility, Fitch says

May 16, 2024

The RBI recently clarified that NBFIs should comply with existing regulatory caps on disbursal of loans in cash to below Rs 20,000 (around USD...

UAE: 11 pc increase in DEWA's digital transactions in H1 2024

Aug 02, 2024

In a press release on Friday, DEWA announced that customers conducted over 1.1 million digital transactions via DEWA's website, over 2.2 million transactions via...

Delhi HC seeks RBI stand on PIL seeking uniform banking code for foreign exchange transactions

Dec 05, 2022

A Public Interest Litigation (PIL) seeks direction to implement a Uniform Banking Code for foreign exchange transactions to control black money generation and Benami...

PhonePe processes over 970 million UPI transactions in February

Mar 02, 2021

Bengaluru (Karnataka) [India], Mar 2 : Digital payments platform PhonePe processed over 97 crore UPI transactions and over 10.7 crore total transactions across UPI,...

NEFT records a high of over 4 crore single-day transactions

Mar 02, 2024

The National Electronic Funds Transfer (NEFT) system has achieved a milestone by processing over 4 crore transactions, the highest number of transactions processed in...