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News - Jun 2017
24th Jun 17 GSTN to begin accepting fresh registrations from June 25, 2017
Goods and services tax network (GSTN) has offered another opportunity to the taxpayers to enroll them with the GST system before the implementation of GST from 1st July, 2017. The GSTN portal will be open from 25th June, 2017 for a period of three months for existing taxpayers registered under central excise, service tax and value added tax. Earlier, the GSTN portal was open from 8th November, 2016 till 30th April, 2017 and then again for 15 days in June for the enrolment of existing taxpayers.
24th Jun 17 Fintech lender ZestMoney to tie up with RBL to extend loans for online purchase
Fintech lender ZestMoney which has recently tied up with DCB Bank is now looking to join hands with RBL Bank to extend loans for online purchase. The idea is in line with RBI’s move of encouraging banks to partner with fintech firms for providing loans including personal and business loans to the retail and small businesses and also to those online buyers who do not have access to credit.
24th Jun 17 WhatsApp approaches SBI, NPCI for payments via UPI
Instant messaging app, WhatsApp has approached SBI and NPCI for enabling UPI payments on its digital wallet. For this purpose, the company is also in discussion with few other Indian banks along with SBI and NPCI to help them integrate their systems with NPCI to allow its users to make payments via United Payments Interface (UPI) which will facilitate instant fund transfer between two bank accounts on the mobile platform.
24th Jun 17 Yes Bank signs charter with three major development banks for green finance in India
Yes Bank has signed a charter with the three major developments banks (the development bank of Netherlands, Germany and France) with an aim to expand their green portfolio investments in India. The bank has also launched its first green bond impact report, highlighting the achievements of the Bank’s three green bonds that have financed renewable projects in nine states.
24th Jun 17 Vijaya Bank plans to strengthen its retail banking
Public sector lender, Vijaya Bank is formulating strategies to strengthen its priority sector lendings and the retail banking operations to enhance financial solvency. The bank has reported that it also targets to continue its focus over controlling business risks and maintaining a long term growth for the benefit of the bank as well as all the stakeholders.
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