Category: Finance

CAG asks Finance Ministry to put in place online Customs refund system

The Comptroller and Auditor General ( CAG) has asked the Finance Ministry to consider having an online system for processing customs refunds along the lines of the GSTN system to make it more efficient. The official auditor has also flagged ‘inordinate delays’ in the implementation of the module for daily updation of exchange rate and asked to make the system… Continue reading CAG asks Finance Ministry to put in place online Customs refund system

India’s first bank to provide 24×7 video banking service. Check details

‘AU Small Finance Bank’s foray into round-the-clock Video Banking represents a paradigm shift in modern banking. Even on holidays and weekends, AU’s dedicated team would ensure face-to-face, human-centric interactions, underscoring the bank’s commitment to enhancing nationwide banking experiences. We empower our customers in this digital epoch by elevating accessibility and convenience to unparalleled heights,’ said… Continue reading India’s first bank to provide 24×7 video banking service. Check details

Honda Cars India and Bajaj Finance join hands to offer easy car finance schemes

Honda Cars India Ltd. (HCIL) has joined hands with Bajaj Finance Ltd., a leading financial services group in India, to offer easy and affordable finance options for its customers. The partnership will enable Honda customers to buy Honda Amaze, Honda City and the upcoming new SUV; Honda Elevate with attractive car finance schemes. The partnership aims… Continue reading Honda Cars India and Bajaj Finance join hands to offer easy car finance schemes

14,000 appeals from taxpayers over disputed GST levies pending in first quarter: Finance Ministry

The total number of pending appeals from taxpayers over central GST levies saw a huge spike in the first quarter (Q1) of the 2023-24. The number stood at 14,000 in Q1 of the current financial year compared to a total of 11,899 in the entire FY 2022-23. This was the data provided by MoS Finance,… Continue reading 14,000 appeals from taxpayers over disputed GST levies pending in first quarter: Finance Ministry

Reliance Jio gets $2.2 bn from Swedish export credit agency to finance 5G rollout

Reliance Industries’ annual report said the telco has largely procured gears from Swedish company Ericsson and Finnish company Nokia to deploy its 5G network, said the report. ‘RJIL tied up its first-ever Swedish Export Credit Agency (EKN) supported facilities of USD 2.2 billion equivalent making it the largest cover ever provided by EKN for a… Continue reading Reliance Jio gets $2.2 bn from Swedish export credit agency to finance 5G rollout

L&T Finance launches Digital Sakhi project in Murshidabad

L&T Finance Holdings Ltd (LTFH), a non-banking financial company, August 5 announced the launch of its ‘Digital Sakhi’ project in Baharampur town in West Bengal’s Murshidabad district. A CSR project of the company, ‘Digital Sakhi’ trains and nurtures rural women, who in turn promote women entrepreneurship and digital financial literacy in their communities, the company… Continue reading L&T Finance launches Digital Sakhi project in Murshidabad

Mahindra Finance July biz update steady; NIM and monsoon progress key going ahead

Mahindra & Mahindra Financial Services Ltd. provided a promising business update for July, with positive growth indicators to note. The non-banking financial company reported a 12% year-on-year (YoY) increase in monthly disbursements, reaching 4,400 crore, and a 4% sequential growth. Robust disbursements contributed to a substantial 28% YoY surge in business assets, totalling ₹88,100 crore.… Continue reading Mahindra Finance July biz update steady; NIM and monsoon progress key going ahead