RBI Says Linking Aadhaar Number To Bank Accounts Mandatory

RBI Says Linking Aadhaar Number To Bank Accounts Mandatory

Mumbai: The Reserve Bank of India (RBI) on Saturday dismissed media reports that it was not necessary to link national identity card numbers, known as Aadhaar numbers, to bank accounts. It said in a statement the requirement remained in force...
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Banking Sector Stares At Additional Rs. 40,000 Crore NPAs

Banking Sector Stares At Additional Rs. 40,000 Crore NPAs

New Delhi: The banking sector fears accretion of more than Rs. 40,000 crore of bad loans to its books following recent classification of eight consortium accounts of Axis Bank as non-performing assets by the RBI. The Reserve Bank has directed...
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How Cambodia’s Startups Are Shifting From Bootstrapping To Angels

How Cambodia’s Startups Are Shifting From Bootstrapping To Angels

In 2011, Cambodian entrepreneur Ear Uy and a few partners founded Sabay Osja Co., Ltd. with the goal of creating video games. They had an idea for their first project, and knew they wanted to release it before Christmas. The...
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Stimulus, farm waiver to push up fiscal deficit by 1%: RBI

Stimulus, farm waiver to push up fiscal deficit by 1%: RBI

Cutting its growth estimate for the current fiscal, the RBI warned on Wednesday that any economic stimulus and farm debt waivers could push up fiscal deficit by 1 percentage point, potentially stoking inflation. Such measure could lead to inflation surging...
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Direct tax collection grows 17.5% to Rs 2.24 lakh crore in April-August

Direct tax collection grows 17.5% to Rs 2.24 lakh crore in April-August

New Delhi Direct Tax collections in the first five months of the current fiscal grew 17.5% to Rs 2.24 lakh crore, mainly on account of income tax mop-up from individuals. This is 22.9% of the total budget estimates of direct taxes,...
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What you need to juggle career and family in finance

What you need to juggle career and family in finance

Reliable childcare, a supportive partner, and being able to afford to hire help running the household are the three most important factors that enable women to balance family and a successful career, according to the 2017 Women in Finance Survey....
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