FinMin to meet govt bank chiefs to review cyber security framework

https://www.business-standard.com/economy/news/finmin-to-meet-govt-bank-chiefs-to-review-cyber-security-framework-123112300882_1.html Clipped from: https://www.business-standard.com/economy/news/finmin-to-meet-govt-bank-chiefs-to-review-cyber-security-framework-123112300882_1.html Sources said that such frauds occurred a couple of times before involving some other public sector banks but went largely unnoticed as

Faceless scrutiny assessment under GST may take some time: GSTN official

https://www.business-standard.com/finance/news/faceless-scrutiny-assessment-under-gst-may-take-some-time-gstn-official-123112200600_1.html Clipped from: https://www.business-standard.com/finance/news/faceless-scrutiny-assessment-under-gst-may-take-some-time-gstn-official-123112200600_1.html The faceless assessment — under which there is no physical interaction between the tax officer and the assessee and no physical submission

Banking liquidity deficit at 5-yr high, to narrow next week: Economists

https://www.business-standard.com/economy/news/banking-liquidity-deficit-at-5-yr-high-to-narrow-next-week-economists-123112200684_1.html lipped from: https://www.business-standard.com/economy/news/banking-liquidity-deficit-at-5-yr-high-to-narrow-next-week-economists-123112200684_1.html The deficit was the highest since Dec 26, 2018, when it had hit Rs 1.86 trillion, according to economists Listen to This

Financial sector must avoid ‘all forms of exuberance’: RBI governor

https://www.business-standard.com/finance/news/financial-sector-must-avoid-all-forms-of-exuberance-rbi-governor-123112200490_1.html Clipped from: https://www.business-standard.com/finance/news/financial-sector-must-avoid-all-forms-of-exuberance-rbi-governor-123112200490_1.html Sound caution on credit growth, model-based lending, high-interest rates charged by MFIs, contagion risks RBI Governor Shaktikanta Das at the annual Ficci-IBA

Credit growth to moderate, lending rates likely to go up: SBI Chairman – The Hindu BusinessLine

https://www.thehindubusinessline.com/money-and-banking/credit-growth-to-moderate-lending-rates-likely-to-go-up-sbi-chairman/article67562230.ece Clipped from: https://www.thehindubusinessline.com/money-and-banking/credit-growth-to-moderate-lending-rates-likely-to-go-up-sbi-chairman/article67562230.ece SBI Chairman Dinesh Kumar Khara expects 2-3 bps hit to margins this quarter RBI’s measure to increase risk weights on unsecured consumer loans

Altman is back at OpenAI, but questions remain as to why he was fired in first place – The Hindu BusinessLine

https://www.thehindubusinessline.com/companies/altman-is-back-at-openai-but-questions-remain-as-to-why-he-was-fired-in-first-place/article67564525.ece Clipped from: https://www.thehindubusinessline.com/companies/altman-is-back-at-openai-but-questions-remain-as-to-why-he-was-fired-in-first-place/article67564525.ece Altman had been fired Friday after clashing with the board over his drive to transform OpenAI from a nonprofit organisation focused on

Domestic paper industry frets as imports zoom 43% – The Hindu BusinessLine

https://www.thehindubusinessline.com/economy/domestic-paper-industry-frets-as-imports-zoom-43/article67564925.ece Clipped from: https://www.thehindubusinessline.com/economy/domestic-paper-industry-frets-as-imports-zoom-43/article67564925.ece Paper imports from ASEAN surge 257% due to zero import duty under free trade deal Import of paper and paperboard continues unabated. After a

Automation, simplification cut waiting time for tax refunds: CII Survey – The Hindu BusinessLine

https://www.thehindubusinessline.com/economy/automation-simplification-cut-waiting-time-for-tax-refunds-cii-survey/article67565108.ece Clipped from: https://www.thehindubusinessline.com/economy/automation-simplification-cut-waiting-time-for-tax-refunds-cii-survey/article67565108.ece Survey reports 87 per cent of individual taxpayers and 89 per cent of firms find income tax refund process ‘convenient’ A CII Survey reported

XpressBees joins ONDC, expands services to 20,000 pin codes – The Hindu BusinessLine

https://www.thehindubusinessline.com/companies/xpressbees-joins-ondc-expands-services-to-20000-pin-codes/article67565140.ece Clipped from: https://www.thehindubusinessline.com/companies/xpressbees-joins-ondc-expands-services-to-20000-pin-codes/article67565140.ece Through ONDC, XpressBees aims to capitalizse on its expertise and establish itself as a key participant in e-commerce industry E-commerce focused logistics

HSBC India and UK Export Finance partner to support Indian MSMEs – The Hindu BusinessLine

https://www.thehindubusinessline.com/money-and-banking/hsbc-india-and-uk-export-finance-partner-to-support-indian-msmes/article67565452.ece Clipped from: https://www.thehindubusinessline.com/money-and-banking/hsbc-india-and-uk-export-finance-partner-to-support-indian-msmes/article67565452.ece A financing programme of up to £100 million will be set up to finance MSMEs’ imports from the UK HSBC India and UK

Google Pay to collect convenience fee on mobile recharge transactions – The Hindu BusinessLine

https://www.thehindubusinessline.com/companies/google-pay-to-collect-convenience-fee-on-mobile-recharge-transactions/article67565576.ece Clipped from: https://www.thehindubusinessline.com/companies/google-pay-to-collect-convenience-fee-on-mobile-recharge-transactions/article67565576.ece This move follows a trend set by other payment service providers, such as Paytm and PhonePe, aiming to monetise their platforms Fintech