GST
Business Finance

AI Helps Detect ₹74,782 Crore GST Fraud

By BPN News Desk
The Central government detected fake Input Tax Credit claims worth ₹74,782 crore across 30,162 cases during FY26, Parliament was informed. Authorities attributed the sharp increase to stronger artificial intelligence tools, data analytics and invoice-level verification rather than solely to a rise in GST fraud. GST Fraud Detection Rises Sharply The value of fraudulent ITC
HDFC
Business Finance

HDFC Bank Fines CEO, CFO in MSRDC Case

By BPN News Desk
Saved. Sources will remain fully hidden in this chat unless attribution is essential for an exclusive report. HDFC Bank has imposed a penalty of ₹1 lakh each on three senior executives, including its managing director and chief executive officer, following an internal review of deposit-related arrangements involving the Maharashtra State Road Development Corporation. HDFC
idfc
Business Finance

IDFC FIRST Bank Clears ₹20,000 Crore Raise

By BPN News Desk
IDFC FIRST Bank’s board has approved an enabling proposal to raise up to ₹20,000 crore through equity and debt instruments, providing the lender with greater flexibility to support growth and maintain capital adequacy. IDFC FIRST Bank Fundraising Plan The private-sector lender plans to raise up to ₹7,500 crore through equity securities. The capital may be […]
HDFC
Business Finance

HDFC Bank CEO Reappointment Moves Ahead

By BPN News Desk
HDFC Bank is expected to move ahead with the reappointment process of Sashidhar Jagdishan as Managing Director and Chief Executive Officer for a third term, after external legal reviews found no basis for concerns raised by former chairman Atanu Chakraborty. HDFC Bank CEO Reappointment Jagdishan’s current term as MD and CEO is set to end […]
RBI
Finance

RBI Allows Loans Against FX Deposits

By BPN News Desk
The Reserve Bank of India has clarified that domestic banks can extend loans to non-residents against foreign currency deposits, including through their overseas branches, as part of efforts to attract more foreign exchange inflows. RBI Allows Loans Against FX Deposits The RBI said Indian banks may offer loans to non-residents against Foreign Currency Non-Resident Bank
RBI
Business Finance

RBI Cancels Registration Of 135 NBFCs

By BPN News Desk
The Reserve Bank of India has cancelled the certificates of registration of 135 non-banking financial companies in a major regulatory action aimed at tightening oversight of the NBFC sector. RBI Cancels Registration Of 135 NBFCs The central bank has cancelled the certificates of registration of 135 NBFCs, meaning these entities can no longer operate as […]
RBI
Business Finance

Indian Banks Rise On RBI Foreign Deposit Push

By BPN News Desk
Indian banking stocks gained on Tuesday after the Reserve Bank of India issued detailed guidelines for a concessional foreign exchange swap facility aimed at attracting overseas foreign currency deposits and supporting dollar inflows. Indian Banks Lead Market Gains The Nifty Bank index rose more than 1% in morning trade, outperforming the broader market. The Nifty […]