ICICI Bank, Axis Bank remove UPI transaction charges from websites but these banks have not
Private sector lender, ICICI Bank mentions ‘NIL’ under charges for UPI transactions on its website. The Axis Bank website shows an error message when you go to the ‘Change in charges for UPI’ page.
Airtel Payments Bank eases transactions for merchants
Merchants can select the Smart ePOS option in the Airtel Payments app, and a QR code wi...
Financial transactions such as hotel bills, life, health insurance proposed to come under tax lens
In a tweet by mygov.in, which was subseque...
Standard Chartered Bank's arm inks pact for 7.7 lakh sq ft lease in DLF Chennai project
In one of the largest office space transaction so far this year, Standard Chartered Bank’s wholly-owned subsidiary Standard Chartered Global Business Services (GBS) has entered into an agreement to pick up over 7.7 lakh sq ft on a long-term lease in DLF’s Chennai project for 15 years.
ICICI Bank customers can now create FD, pay utility bills instantly on WhatsApp
Retail customers can now pay bills for electricity, cooking gas and postpaid mobile phones simply in a few clicks through WhatsApp.
Dream11 anticipates more secondary transactions
Dream11 counts venture capital firm Kalaari Capital, Renuka Ramnath-led Multiples Alternate Asset Management and San Francisco-based Think Investments among investors.
SBI core banking system impacted, ATMs continue to work fine
SBI via its official Twitter handle informed that services of core banking system available to its customers have been delayed due to intermittent connectivity issues.
UPI transactions at Rs 3.29 lakh crore in September
Through the IMPS (Immediate Payment Service) mode of payment, transactions in September rose to Rs 2.48 lakh crore from Rs 2.35 lakh crore in August. The number of transactions grew to 27.96 crore from 24.61 crore.
How tax will be collected at source from individuals on these transactions from Oct 1
TCS will be levied on foreign remittances made through the Liberalised Remittance Scheme (LRS) of the Reserve Bank of India (RBI) and for buying foreign travel packages. Here is a look at the rules regarding the applicability of TCS and how much tax is leviable.
DHFL case: Auditor reports fraudulent transactions worth Rs 2,150 crore
According to the auditor's report, the Rs 2,150.84 crore-fraud was in relation to the undervalued and fraudulent nature of certain agreements entered into by the DHFL when the company sold its stake in Pramerica Life Insurance Ltd to DHFL Investments Ltd (DIL), as per a regulatory filing.
India’s first numberless card for teenagers: Here's all you need to know
The card helps remove the dependence on parents without impacting their financial security. Parents can send money to their kids on the app and control the amount they spend.
60% fall in merchant point transactions in April: Survey
The Worldline survey found that in the first quarter, people used mobile apps for smaller transactions, and Net banking for high-ticket sales.
Equities offer the best growth over the long term: Prateek Mehta, Scripbox
"In the long-term which is 7-10 years, investors can expect 10-12% annualised growth on equity mutual funds. Market dips are a part of long-term investments," says Prateek Mehta, co-founder and Chief Business Officer, Scripbox.
Banks suspected illegal activity, but processed big transactions anyway
Banks are required to file the reports with the U.S. Treasury Department’s Financial Crimes Enforcement Network, or FinCEN, about transactions that they believe could be part of a money laundering scheme, fraud or other illegal activity.
Why bank stocks bled? Research reveals suspicious transactions
Nifty Bank plunged 3.36 per cent dragged most by IndusInd Bank, which fell 8.55 per cent to Rs 560.80.