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Tax issues Levy of goods & services tax on MDR can be taken up by GST Council, ITC may be used by merchants. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/OjJ0DhI via IFTTT

The World Bank mobilised $112 billion in private capital for developing nations last year. This significant increase reflects a strategic shift due to donor funding limitations. Private capital mobilisation now nearly matches the World Bank Group's own lending efforts. The bank employs various methods to de-risk and incentivise private investment. These efforts aim to bridge development financing gaps and foster job creation. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/yl6XRkp via IFTTT

from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/rvnMT7D via IFTTT

India’s biggest private banks are finding it increasingly difficult to identify executives with the breadth of experience needed to lead large, complex institutions. HDFC Bank and Kotak Mahindra Bank’s CEO searches have highlighted a surprisingly narrow talent pool, as regulatory requirements, limited succession pipelines and competing financial sectors constrain potential candidates. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/HyqAc54 via IFTTT

The Reserve Bank of India has clarified definitions for financial activity and core investment companies. This clarification follows the rejection of Tata Sons' application to surrender its registration. Companies must meet specific asset and income thresholds to be regulated by the central bank. Tata Sons, an unlisted holding company, now faces enhanced regulatory scrutiny. The central bank's decision effectively pushes Tata Sons towards a mandatory public listing. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/g5xqaZ0 via IFTTT

The Supreme Court mandated the RBI to enforce lawful vehicle repossession rules. Financial institutions cannot seize vehicles without due legal process. The court ordered a finance firm to close loan accounts and refund money. Compensation was awarded for mental agony and livelihood loss. This ruling ensures borrowers are not dispossessed of vehicles arbitrarily. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/k1CyDVU via IFTTT