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Wednesday, May 15, 2024
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Industry Updates

SC rejects plea by MSMEs against 45-day payment rule

ITN Media -
In Short:The Supreme Court rejected a plea by small businesses challenging an Income Tax Act rule limiting credit to buyers to 45 days. This...
Company Updates

Hinduja Group may request RBI extension for RCap transfer to IIHL

ITN Media -
In Short:Hinduja Group's IIHL is asking for a six-month extension from the RBI to take control of Reliance Capital. Parts of Reliance Capital will...
Industry Updates

RBI restricts Kotak Mahindra Bank from onboarding new customers online.

ITN Media -
In Short:The Reserve Bank of India has stopped Kotak Mahindra Bank from enrolling new customers and issuing new credit cards due to serious IT...
Industry Updates

RBI’s warning about illegal forex trading platforms: A Mint Explainer

ITN Media -
In Short:The Reserve Bank of India governor is warning about unauthorized forex trading platforms that promise high returns like casino games, used by corporates...
Company Updates

RBI grants in-principle approval to Revolut for prepaid payment license

ITN Media -
In Short:Revolut India has received approval from the RBI to issue prepaid payment instruments in India, allowing the global fintech firm to operate domestically....
Industry Updates

Heightened concern over the surge in gold loans

ITN Media -
In Short:Regulators and policymakers are concerned about the gold loan market, with the RBI imposing restrictions on IIFL Finance. The rise in gold loans...

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