Bank Accounts

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

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

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

No adverse impact from Supreme Court ruling on Aadhaar-based accounts, says Kotak Mahindra Bank

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.

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

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.

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

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

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.