Action against risky exporters who attempted to claim Rs 2,020 cr IGST refunds: FinMin officials

The number of untraceable risky exporters has gone up to 1474 as on date, which includes 7-star exporters, the officials said, adding that IGST refund in the cases have been suspended.

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Aditya Puri raises Rs 842 crore by selling HDFC Bank shares, holding down to 0.01%

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Banking

Demand from mass housing statement has started picking up post relaxations in coronavirus-induced lockdowns and gradual reopening of economy, he said.

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PNB Housing Finance expects to disburse Rs 13,000 crore loan this fiscal: MD and CEO Neeraj Vyas

Demand from mass housing statement has started picking up post relaxations in coronavirus-induced lockdowns and gradual reopening of economy, he said.

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RBI may go in for further 25 bps rate cut, feel experts

The Reserve Bank is likely to go in for a minimum 25 basis points cut in key lending rate in the forthcoming monetary policy review as the need to revive the coronavirus-hit economy is pressing notwithstanding marginal uptick in inflation, feel experts.

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India hikes exposure to US government securities by nearly USD 13 billion in May

The country was the 12th largest holder of the American government securities while Japan had the maximum exposure at USD 1.260 trillion at the end of May. At the second spot was China with holdings worth USD 1.083 trillion, followed by the United Kingdom at the third place with an exposure of USD 393.5 billion.

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Cabinet secy-led panel to select candidate for RBI deputy governor post on Aug 7

The Financial Sector Regulatory Appointment Search Committee (FSRASC) has a list of eight names who would be interviewed via video conference. The selected name from the interview will be sent to the Appointments Committee of the Cabinet headed by the Prime Minister for final approval.

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Banking

SAVE Solutions is a business correspondent for State Bank of India, Bank of India and Bank of Baroda and intends to use this capital to expand its direct lending through subsidiaries SAVE Microfinance and SAVE Financial Services, group chief financial officer Gourav Sirohi told ET.

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Centre to convert ravines of Chambal region into arable land with World Bank support: Tomar

He further said the project will not only help in improving agricultural development and environment but will also create employment opportunities and lead to substantive development of the region. Tomar said there is a lot of scope for development of the Beehad area in Gwalior-Chambal region. The Chambal Expressway will be built and will pass through this area, by which the overall development of the region would be possible.

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