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Economy

RBI to reimburse MDR charges to banks for payments made through debit cards since Jan 1

RBI to reimburse MDR charges to banks…

Mumbai, Feb 16 (KNN) The Reserve Bank of India will reimburse Merchant Discount Rate (MDR) charges to banks for payments made since 1 January through debit…

BSE SME becomes first SME platform in India receiving 200 draft prospectus

BSE SME becomes first SME platform in…

Mumbai, Feb 16 (KNN) BSE SME has become the first SME Platform in India where 200 companies have filed their prospectus for getting listed as of date.

SBI’s merger with 5 associate banks will make it a very large bank, bring down cost of funds

SBI’s merger with 5 associate banks will…

New Delhi, Feb 16 (KNN) Cabinet’s approval to merge State Bank of India (SBI) and its five associate banks will make SBI a very large bank and would…

SIDBI signs MoU with MCCIA to facilitate loans upto Rs 50 lk to member MSMEs

SIDBI signs MoU with MCCIA to facilitate…

Pune, Feb 15 (KNN) The Small Industries Development Bank of India (SIDBI) has signed a Memorandum of Understanding (MoU) with the Mahratta Chambers of Commerce,…

RBI cancels licence of Pune based Shri Chhatrapati Urban Co-operative Bank Ltd

RBI cancels licence of Pune based Shri…

Mumbai, Feb 14 (KNN) Reserve Bank of India (RBI) has cancelled the licence of Shri Chhatrapati Urban Co-operative Bank Ltd., Pimple Nilakh, Pune, Maharashtra,…

Jaitley meets RBI Central Board; discusses reduction of taxes for MSMEs along with other issues

Jaitley meets RBI Central Board; discusses reduction…

New Delhi, Feb 13 (KNN) Union Finance Minister Arun Jaitley met the Central Board of Reserve Bank of India (RBI) and discussed reduction of taxes for micro,…

West Bengal budget allocates Rs 50 cr for MSMEs; proposes to bring MSMEs under minimal VAT scheme ambit

West Bengal budget allocates Rs 50 cr…

Kolkata, Feb 11 (KNN) The Bengal State Budget, which was unveiled on Friday, has allocated Rs 50 crore allocated for micro, small and medium enterprises…

Bank of Baroda to finance MSMEs in diamond cutting, polishing sector at competitive rates

Bank of Baroda to finance MSMEs in…

Mumbai, Feb 10 (KNN) In a move that would help the MSMEs in diamond cutting and polishing business, the Bank of Baroda is planning to come up with…

Reduction in corporate tax cannot be done overnight but in phases because of fiscal constraint: Shaktikanta Das

Reduction in corporate tax cannot be done…

New Delhi, Feb 9 (KNN) Government is yet to take any decision on the recommendation of Chief Ministers’ panel to impose tax on cash transactions above…

RBI cancels licences of The State Transport Employees Co-operative Bank and Shri Chhatrapati Urban Co-operative Bank

RBI cancels licences of The State Transport…

Mumbai, Feb 9 (KNN) Reserve Bank of India (RBI) has cancelled the banking licence of The State Transport Employees Co-operative Bank Ltd., Ahmedabad (Gujarat)…

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