Bank Accounts

Showing of 1 - 20 from 91 results
Bank Accounts - Total results - 91
RBI caps lending on P2P platforms at Rs 50 lakh to protect consumer interest; transactions through bank accounts, cash not allowed
Business

RBI caps lending on P2P platforms at Rs 50 lakh to protect consumer interest; transactions through bank accounts, cash not allowed

The lender investing more than Rs 10 lakh across P2P platforms will produce a certificate to P2P platforms from a practising Chartered Accountant certifying minimum net-worth of Rs 50 lakh.

Deposits in Pradhan Mantri Jan Dhan Yojana accounts cross Rs 1 lakh cr-mark: Finance Ministry data
Business

Deposits in Pradhan Mantri Jan Dhan Yojana accounts cross Rs 1 lakh cr-mark: Finance Ministry data

Deposits in bank accounts opened under Jan Dhan scheme, launched about five years ago by the Modi-government, have crossed the Rs 1 lakh crore mark

German payments company Wirecard teams up with India to issue PAN cards
Business

German payments company Wirecard teams up with India to issue PAN cards

German payments company Wirecard said on Wednesday it would work with India to simplify the process of issuing tax identity cards required to open bank accounts, transfer money or complete business transactions

Lok Sabha polls: Electoral bonds may be exacerbating the problem of black money in politics; here's why parties are silent
India

Lok Sabha polls: Electoral bonds may be exacerbating the problem of black money in politics; here's why parties are silent

The Supreme Court asking all political parties to furnish details of donations through electoral bonds by 31 May put this problem back into the spotlight.

LPG cylinder gets costlier: Price hiked by Rs 2.71 to Rs 502.40; non-subsidised rate raised by Rs 59
Business

LPG cylinder gets costlier: Price hiked by Rs 2.71 to Rs 502.40; non-subsidised rate raised by Rs 59

Oil firms revise LPG price on 1st of every month based on average benchmark rate and foreign exchange rate in the previous month.

Wilful defaulters, economic offenders may not settle a case, suggests Sebi panel
Business

Wilful defaulters, economic offenders may not settle a case, suggests Sebi panel

Sebi may not settle a proceeding in case the alleged default has market-wide impact, caused losses to a large number of investors, or affected the integrity of the market.

Govt's push for a digital revolution right in intent, but surface level adjustments cannot solve systemic problems
Business

Govt's push for a digital revolution right in intent, but surface level adjustments cannot solve systemic problems

With respect to financial inclusion, mobile phones hold more potential than debit cards as 240 million Indians have an inactive bank account plus a mobile phone.

Aadhaar privacy issues extend beyond the security of its biometric database
News & Analysis

Aadhaar privacy issues extend beyond the security of its biometric database

There is a robust need for safeguarding our data and own responsibility for it.

Rural finance: Delays in cash transfers are pushing troubled beneficiaries into greater debt, poverty
Business

Rural finance: Delays in cash transfers are pushing troubled beneficiaries into greater debt, poverty

In Uttar Pradesh (UP), the meandering journey of direct cash transfers into beneficiaries’ bank accounts is one that’s deeply shrouded in mystery.

Indo-Swiss pact on hidden wealth: Why it isn't helping in India's fight against black money
Business

Indo-Swiss pact on hidden wealth: Why it isn't helping in India's fight against black money

Black money is known as illicit financial flows (IFFs) internationally, which are defined as a cross-border movement of funds that have been illegally or unethically earned, transferred or utilised

The art of fraud: PNB's Dubai, Hong Kong files reveal collusion between Nirav Modi and high ranking officials
Business

The art of fraud: PNB's Dubai, Hong Kong files reveal collusion between Nirav Modi and high ranking officials

Investigators probing the PNB fraud expect to use the Dubai and Hong Kong files to connect the missing dots in the scam, to nab high ranking individuals.

Income Tax dept freezes Cognizant's bank accounts in Chennai, Mumbai after firm failed to pay Rs 2,500 cr DDT
Business

Income Tax dept freezes Cognizant's bank accounts in Chennai, Mumbai after firm failed to pay Rs 2,500 cr DDT

Cognizant's accounts were frozen a week back and it had approached the High Court against the tax department

Aadhaar must for opening bank accounts and applying for tatkal passport: UIDAI
Business

Aadhaar must for opening bank accounts and applying for tatkal passport: UIDAI

UIDAI on Tuesday said the requirement of Aadhaar for opening new bank accounts or applying for Tatkal passports will continue, while the deadline for linking it to existing bank accounts and PAN has been extended by the Supreme Court

Aadhaar: 16.65 cr PAN, 87.79 cr bank accounts linked ahead of 31 March deadline
Business

Aadhaar: 16.65 cr PAN, 87.79 cr bank accounts linked ahead of 31 March deadline

Govt has mandated linking of Aadhaar with every bank account and income tax permanent account number or PAN by 31 March

Govt transfers Rs 1-lakh cr DBT subsidy to bank accounts, hopes to save Rs 75,000 cr this year
Business

Govt transfers Rs 1-lakh cr DBT subsidy to bank accounts, hopes to save Rs 75,000 cr this year

So far, the ambitious DBT scheme has received a mixed reaction from the consumers as well as the government agencies

Fed up of monthly rise in LPG prices? Govt may provide relief as it plans to do away with the practice
Business

Fed up of monthly rise in LPG prices? Govt may provide relief as it plans to do away with the practice

In order to put an end to pilferage of LPG subsidy money, Narendra Modi government implemented Direct Benefit Transfer scheme

Aadhaar: 71.24 cr mobile connections, 82 cr bank accounts linked, claims IT minister Ravi Shankar Prasad
Business

Aadhaar: 71.24 cr mobile connections, 82 cr bank accounts linked, claims IT minister Ravi Shankar Prasad

The Aadhaar based re-verification of existing mobile subscribers is expected to be carried out by telcos by 31 March, 2018, IT minister Ravi Shankar Prasad said

Trinamool MPs in Parliament protest against Centre's move to link Aadhaar with bank accounts
India

Trinamool MPs in Parliament protest against Centre's move to link Aadhaar with bank accounts

With protests in and outside Parliament, Trinamool Congress Members of Parliament on accused the Central government of violating people's rights to privacy by linking Aadhaar card with bank accounts

Airtel-LPG subsidy row: UIDAI says consumer nod must for changing money receiving bank account
Business

Airtel-LPG subsidy row: UIDAI says consumer nod must for changing money receiving bank account

Aadhaar-based LPG subsidy totaling over Rs 190 crore had flown into 'unsolicited' accounts opened by Airtel Payments Bank