Search result for 'overseas branches'

UCO Bank reports a 2.82% increase in Q2 net profit, reaching Rs 620 crore. Gross NPA reduced. Total business at Rs 5.36 lakh crore.

RBI allows rupee lending to Bhutan, Nepal, Sri Lanka for trade. Extends repatriation period for foreign currency accounts. Details here.

UCO Bank reported a 24% YoY surge in consolidated net profit for Q4 FY25, reaching Rs 665.72 crore. Learn about the bank's strong financial performance and asset quality improvement.

The Reserve Bank of India (RBI) has issued master directions on deposits and accounts for overseas branches, allowing banks to open rupee accounts for their overseas branches without prior approval...

Reserve Bank of India (RBI) announces liberalised norms to encourage use of Indian Rupee and local currencies for cross-border transactions, aiming to boost trade and reduce reliance on US dollar.

The Reserve Bank of India has proposed barring banks from using group entities to bypass regulations, including limitations on investments and lending activities.

Infosys received a Rs 3,898 crore GST notice for 2017-18 from the DGGI, but the agency has now closed the pre-show cause notice proceedings. Read more.

Infosys has received a communication from Karnataka authorities withdrawing the GST notice for Rs 32,403 crore. The company will now respond to the DGGI.

Nasscom defends Infosys against a Rs 32,403 crore GST notice, citing a lack of understanding of the IT industry's model. The association highlights the impact of the notice on investor confidence...

Infosys has been slapped with a Rs 32,403 crore GST demand notice for services availed from overseas branches. The company disputes the demand, arguing GST is not applicable.

Infosys has received a pre-show cause notice for alleged GST evasion of Rs 32,403 crore for overseas branch office expenses. The company denies liability and is seeking a refund.

Indian banks increased their overseas subsidiaries to 417 in FY23, up from 399 in the previous year, according to RBI data. The employee strength of both foreign branches and subsidiaries also saw...