Search Results for: UPI Transaction

RBI hikes limit for tax payments via UPI from Rs 1 lakh to Rs 5 lakh

The Reserve Bank has decided to enhance the limit for tax payments through UPI from Rs 1 lakh to Rs 5 lakh per transaction.

Aug 8, 2024

Innovative Approaches to Anomaly Detection in Retail Finance

Bhupendrasinh Thakre's study presents an innovative approach to anomaly detection in the retail industry, addressing the challenges of restricted data access, regulatory compliance, and complex financial transactions.

Aug 6, 2024

UPI transactions reach Rs 20.64 lakh crore in July: NPCI

The Unified Payments Interface (UPI)-based transactions surged once again in the month of July, reaching Rs 20.64 lakh crore against Rs 20.07 lakh crore in the previous month – a massive 35 per cent surge (year-on-year), the data released by the National Payments Corporation of India (NPCI)

Aug 1, 2024

Delhi-NCR 5th most expensive office space rental market in Asia-Pacific

Delhi-NCR ranks fifth as most expensive office space rental market in Asia-Pacific: Report

Delhi-NCR is the fifth most expensive office space rental market in the Asia-Pacific (APAC) region, as transactions across the three major markets in India saw a notable 50 per cent increase in the second quarter (Q2) of 2024

Jul 29, 2024

Effort to unite opposition suffers blow after Farooq's inability to attend meeting [details]

CPI (M) leader M Y Tarigami takes the initiative to bring all opposition leaders together on a single platform to oppose some decisions of the BJP government.

Jul 28, 2024

RBI tightens domestic Money Transfer rules, adds new security factors

The Reserve Bank of India (RBI) has tightened rules for domestic money transfers, requiring banks to record the name and address of beneficiaries. Remitting banks must register the remitter with a verified cell phone number and an 'Officially Valid Document (OVD)'.

Jul 25, 2024

Crypto platform WazirX suffers mega cyber breach, loses digital assets worth $234 million

Crypto platform WazirX suffers massive cyber attack, loses digital assets worth $234 million

India's leading cryptocurrency exchange WazirX on Thursday said it has suffered a massive data security breach, resulting in the alleged transfer of about $234 million worth of digital assets to a different address, as crypto exchanges continue to face the regulatory heat.

Jul 19, 2024

Top 5 Tips for Successful Mutual Fund Investing

Investing in mutual funds can be a rewarding endeavour if approached strategically. By understanding your investment goals, diversifying your portfolio, regularly monitoring your investments, using a step-up SIP calculator

Jul 18, 2024

The Transformative Role of Machine Learning in Financial Forecasting

ML is revolutionizing financial forecasting in consumer banking, enhancing fraud detection, personalizing customer experiences, predicting behavior, aiding strategic planning, and optimizing pricing.

Jul 16, 2024

Zerodha CEO Nithin Kamath Recognized in IBT's Top 20 CEOs List for 2024

Nithin Kamath is a prominent figure in the finance industry, celebrated for his transformative role as the CEO of Zerodha, India's largest retail stock brokerage firm. His journey from a trader to an industry disruptor underscores his commitment to democratizing investing and empowering individual investors.

Jul 7, 2024

Users will be able to make UPI payments to UAE merchants now

UPI Payments now available in UAE; Dubai-bound travelers to benefit

In a significant move towards globalizing digital payments, the Indian Government has announced that Unified Payments Interface (UPI) will now be available in the United Arab Emirates (UAE). This development comes as part of the government's ongoing efforts to promote UPI as a fast and efficient digital payment method worldwide.

Jul 4, 2024

UPI transactions in June surge 49 per cent YoY at 13.89 billion

The Unified Payments Interface (UPI)-based transactions reached 13.89 billion in June, surging 49 per cent on a year-on-year (YoY) basis, data by the National Payments Corporation of India (NPCI) showed on Monday.

Jul 2, 2024

India and ASEAN Unite for Cross-Border Payments

The Reserve Bank of India (RBI) has made a significant stride towards financial integration by collaborating with four ASEAN countries to establish a platform for instantaneous cross-border retail payments.

Jul 1, 2024

ERAM: Revolutionizing Exchange Rates for Importers, Exporters

The Central Board of Indirect Taxes and Customs (CBIC) has launched the Exchange Rate Automation Module (ERAM) to enhance trade facilitation. The ERAM will publish exchange rates of 22 currencies online in advance, replacing the existing manual process.

Jun 28, 2024

No money deducted from customer, no transaction took place: Groww on fraud claim

Popular trading platform Groww on Monday clarified that contrary to a customer's claim that she was unable to redeem a mutual fund investment, the customer never made the said investment and no money was deducted from her bank account.

Jun 25, 2024

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