Banking News Archive
GST council announces changes and date extensions for GST return filing
GST rate cut was the major announcement made by the Goods and Services Tax Council in its 23rd meeting in Guwahati. Apart from that a number of measures were also announced to ease compliance norms with regard
Aadhaar Seeding – NPCI Clarification on Explicit Consent of Customer
Aadhaar linking with bank accounts and Aadhaar seeding Aadhaar seeding is the process of including the Aadhaar number in the database of service providers to enable transfer of money, subsidy amount or any other government benefit to
Legal Entity Identifier (LEI)- Corporate Borrowers and OTC Participants
Reserve Bank of India(RBI) has instructed banks to ensure that all their large borrower entities obtain the Legal Entity Identifier in a phased manner. According to the directive all corporate borrowers enjoying fund based and non-fund based
Savings Bank (SB) account interest rate cut: More Banks reduce rate
Savings Bank interest rate cut initiated by State Bank of India (SBI) has prompted other banks too to take similar step. Taking a cue from the announcement by SBI, four other major banks have announced reduction in
SBN- Grace Period For Residents & NRIs.
The facility for exchange of Specified Bank Notes (SBN) announced by Reserve Bank of India (RBI) was from 10th November to 30th December 2016. On November 8, 2016, Prime Minister of India announced cancellation of legal tender