RBI proposes allowing BCs to update KYC, activate inoperative accounts
Business

RBI proposes allowing BCs to update KYC, activate inoperative accounts

[ad_1] The RBI also proposed that authorised BCs of the bank may be utilised for activation of inoperative accounts.  | Photo Credit: MANOB CHOWDHURY The

Storage-backed renewable energy accounts for one-third of capacities auctioned in 2024
Business

Storage-backed renewable energy accounts for one-third of capacities auctioned in 2024

[ad_1] Storage-based renewable energy (RE) project volumes rose to 11 gigawatts (GW) in 2024, accounting for around one-third of the total capacities auctioned by central

Rural accounts for 10-12 per cent of our sales; we are gradually expanding into rural areas: Kia India
Business

Rural accounts for 10-12 per cent of our sales; we are gradually expanding into rural areas: Kia India

[ad_1] The Indian automobile industry is seeing a rising demand for SUVs. The desire to own bigger cars has caught on in rural areas as

The tax IOU problem lurking in company accounts
Finances

The tax IOU problem lurking in company accounts

[ad_1] Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Some companies are counting

Banks seek power to freeze accounts in illicit transactions cases to rein in cyber fraud
Business

Banks seek power to freeze accounts in illicit transactions cases to rein in cyber fraud

[ad_1]  The fight against mule accounts demands a dynamic, technology-driven approach. | Photo Credit: Satheesh Vellinezhi To check cyber fraud through mule accounts, banks are

SEBI proposes tighter security for investors’ trading accounts
Business

SEBI proposes tighter security for investors’ trading accounts

[ad_1] The Securities and Exchange Board of India (SEBI) has proposed a SIM-binding mechanism to prevent unauthorised transactions in investors’ trading or demat accounts. This

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