PFRDA Chief Calls ICICI's NPS Swasthya Equity Plus an Experiment
PFRDA Chairman Deepak Mohanty compares ICICI's NPS Swasthya Equity Plus to Ayushman Bharat, describing it as an experimental scheme for health coverage.
Category : Banking
ICICI Bank Report: RBI to Maintain Prolonged Rate Pause
ICICI Bank's latest report forecasts the Reserve Bank of India will continue its policy rate pause for an extended period, citing stable inflation and global economic factors.
RBI MPC Minutes: Rate Pause Amid Growth, Benign Inflation
Minutes from RBI's February MPC meeting show unanimous decision to keep repo rate unchanged at 6.5%, citing strengthening economic growth and contained inflation with scope for future cuts if data permits.
Income Tax Raids on Merchant Banker Over SME IPO Irregularities
Income tax officials conducted raids on premises linked to Delhi-based merchant banker Kulbhushan Parashar, investigating alleged irregularities in SME IPOs that misled retail investors.
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ICAI Plans Centre of Excellence in Andhra Pradesh for CAs
The Institute of Chartered Accountants of India announces a new centre in Andhra Pradesh to provide advanced training and research for members and students, focusing on AI and compliance updates.
Online Medicine Trade Fuels Narcotics Trafficking: Karnataka Warning
Karnataka State Drug Traders' Association president warns that narcotics control efforts will fail unless online medicine trade is regulated, citing trafficking risks and unfair scrutiny of legitimate dealers.
Income Tax Dept Warns of Rising Refund Scams Targeting Taxpayers
The Income Tax Department alerts taxpayers about increasing fraud attempts exploiting tax refund delays through fake emails, calls, and SMS. Scammers use alarming messages to steal OTPs, bank details, and personal information.
Axis Bank Fined for Not Issuing Loan Closure Certificate
Dharwad consumer commission orders Axis Bank to pay penalty and compensation for failing to issue loan-closure certificate after One-Time Settlement agreement with borrowers.
Trichy Bank Agents Protest Over Halted Govt Scheme Commissions
Dozens of bank business correspondents in Trichy petitioned the district collectorate, demanding the resumption of commission payments for distributing government scheme benefits, citing severe livelihood impacts.
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NPS Workshop for MSMEs in Bhuj Highlights Pension Growth
A workshop on the National Pension System for MSMEs was held in Bhuj, organized by FOKIA with PFRDA and PwC India. Experts discussed NPS benefits, tax efficiency, and expanding pension coverage for Gujarat's informal workforce.
RBI Grade B Phase-II Results 2025 Announced
The Reserve Bank of India has declared the Phase-II results for the Officer Grade B (DR) Examination 2025. Candidates can check their status online and prepare for the upcoming interview process.
Tether Becomes Major Gold Buyer, Surpassing Nations
Tether Holdings SA, the world's largest crypto company, is now purchasing more gold than many central banks, with weekly acquisitions of nearly two tonnes stored in a Swiss nuclear bunker.
Student Credit Cards: Gen Z's Financial Freedom in India
Student credit cards are gaining popularity among Gen Z in India as a tool for building credit history and learning financial responsibility, with banks offering tailored products to meet their needs.
PPFAS Mutual Fund Opens New Branch in Borivali West
PPFAS Mutual Fund has inaugurated a new branch in Borivali West, Mumbai, enhancing its physical presence to better serve investors in the western suburbs.
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Spice Money Collaborates with Odisha Govt for Financial Inclusion
Spice Money announces partnerships under Odisha's Bharat Netra programme to expand digital finance access, focusing on women entrepreneurs and digital literacy through technology interventions.
ICICI Prudential Launches First Swasthya Pension Scheme
ICICI Prudential Pension Funds launches India's pioneering Swasthya Pension Scheme under PFRDA's sandbox, blending retirement savings with medical expense flexibility. The scheme allows multiple withdrawals up to 25% of contributions for healthcare needs.
I-T Uncovers Rs 70,000 Crore Tax Evasion via 'Ghost' Billing
An Income Tax Department investigation has exposed a nationwide tax evasion racket in the restaurant sector, with suppressed sales of Rs 70,000 crore detected through a 'ghost' feature in billing software.
IRCTC Makes Aadhaar Mandatory for Advance Tatkal Booking
Indian Railways' IRCTC has made Aadhaar verification compulsory for advance Tatkal ticket bookings to curb fraud and misuse. Learn about the new rules, implementation date, and user impact.
Gold Prices Face Resistance, Short-Term Structure Weakens
Gold futures on MCX are trading near ₹1,54,700 with resistance at ₹1,55,500. Technical indicators show bearish momentum, suggesting sell-on-rise opportunities with targets at ₹1,54,000 and ₹1,53,000.
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NSDL's Delhi Flash Mob Boosts SEBI Check Awareness
NSDL organized a flash mob in Delhi to creatively promote SEBI Check awareness, educating investors on verifying market intermediaries and preventing fraud.
Indian Bonds Fall as US-Iran Tensions Drive Oil Prices Higher
Indian government bond yields rose as escalating tensions between the US and Iran pushed global oil prices up, raising inflation concerns and impacting market sentiment.
Gold, Silver Rates Rise on US-Iran Conflict: City Prices
Gold and silver prices increased on February 20, driven by geopolitical tensions between the US and Iran. Check the latest rates for 24-carat and 22-carat gold in major cities like Chennai, Delhi, and Mumbai.
Axis MF Aims for Top Six Position, 7% Market Share by 2029
Axis Mutual Fund, backed by Axis Bank, aims to break into the top six mutual funds by assets under management. With Rs 3.8 lakh crore AUM, it targets 6-7% market share by 2028-29, highlighting strong growth in Kolkata.
Bank Profitability Improves with Healthy Outlook on Advances Growth
A recent report highlights improved profitability in the banking sector, driven by strong advances growth and lower interest expenses, with a positive outlook for the future.
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Education Loans in India Grow 14.8% Despite Visa, AI Concerns
Education lending in India remains resilient with 14.8% annual growth and improved asset quality. NPAs drop from 7% to 2%, driven by overseas study demand and better collection mechanisms.
Gujarat SLBC Meeting: Cyber Security & Kartavya Principles
The 188th State Level Bankers' Committee meeting in Gujarat emphasized balanced portfolio growth, robust cyber risk management, and alignment with Union Budget's Kartavya principles for sustainable economic progress.
SBI General Insurance Penalized in Medical Claim Dispute
Dharwad District Consumer Commission orders SBI General Insurance to pay Rs 3.2 lakh plus interest, Rs 50,000 compensation, and Rs 10,000 litigation costs for wrongfully denying an engineer's knee surgery claim.
Lok Sabha Panel Urges Banks to Scrap Minimum Balance Penalties
A Lok Sabha committee recommends eliminating minimum balance penalties after a Bengaluru entrepreneur's petition highlighted financial strain on low-income earners.
Silver Jumps Rs 18,000, Gold Scales Rs 1.58 Lakh/10g
Silver prices surged by Rs 18,000 to Rs 2.6 lakh per kilogram, while gold climbed to Rs 1.58 lakh per 10 grams, driven by global cues and market volatility.
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Shriram Finance's Azure Super App Hits 20M Downloads
Shriram Finance's cloud-native super app, Shriram One, built on Microsoft Azure, has crossed 20 million downloads with 63% of users from small towns and rural India. The app integrates lending, deposits, insurance, and payments, driving significant growth
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