by OverviewFX | Sep 5, 2024 | Banking & Finance
The Department of Economic Affairs under the Ministry of Finance has issued new guidelines concerning Public Provident Fund (PPF) accounts for minors, multiple PPF accounts, and the extension of PPF accounts by Non-Resident Indians (NRIs). These revisions, part of the...
by OverviewFX | Sep 5, 2024 | Banking & Finance
India accounts for 46% of digital payments in the world, and UPI accounts for 80% of digital transactions that take place in India. In fact, Digital Payment Dashboard has been integrated with Integrated with 118 public sector, private sector, payments, and regional...
by OverviewFX | Sep 5, 2024 | Banking & Finance
SOURCE: CRIF HIGH MARKPortfolio outstanding of consumption loans increased by 15.2 per cent YoY to Rs 90.3 Lakh crore as of March 2024. Consumption Lending includes home loans, personal loans, two-wheeler loans, auto loans, consumer durable loans and credit cards....
by OverviewFX | Sep 5, 2024 | Banking & Finance
Mumbai: Hinduja-owned IndusInd International Holdings’ (IIHL) ₹9,861-crore acquisition of Anil Ambani-promoted Reliance Capital has hit another roadblock, with the Mauritius based company saying the final payment to creditors would have to be adjusted for more...
by OverviewFX | Sep 5, 2024 | Banking & Finance
The Delhi High Court has instructed Axis Bank to treat the writ petition as a formal representation from the petitioner concerning the operation of their bank account. The court ordered the bank to make a reasoned decision within 15 days, after conducting a hearing...
by OverviewFX | Sep 5, 2024 | Banking & Finance
Mumbai, In order to achieve a $30 trillion GDP by 2047, India will require a 20 times growth in the financial services sector, with banks playing a pivotal role, a report showed on Thursday.Future growth will require $4 trillion of capital base in banks, one-third of...
