April 2022 – FinXpres

28 Apr 22

RBI moves SC to consolidate co-op bank pleas

The Supreme Court on Monday reluctantly entertained a petition from Reserve Bank of India seeking consolidation of scores of pleas filed by cooperative banks in a dozen HCs challenging application of Banking Regulation Acts to appointment of directors, CEOs and MDs. Appearing for RBI, senior advocate Rakesh Dwivedi told a…

28 Apr 22

Spandana Sphoorty founder Padmaja Reddy buys Rajshree Tracom, signals return to small loan business

Padmaja Reddy, founder and former head of Spandana Sphoorty Financial, has acquired Kolkata-based Rajshree Tracom Pvt Ltd, an old non-banking finance company, to mark her return to the business of small loans. The NBFC will be renamed Keertana Finserve and will focus on gold loans, MSME loans and loans against…

28 Apr 22

35,000 GST Returns From FY18 Up For Scrutiny

The Central Board of Indirect Taxes and Customs has identified 35,000 GST returns pertaining to fiscal 2017-18 to scrutinise for discrepancies and mismatches on liability, input tax credit and such. The cases were selected for scrutiny based on “specific risk parameters” as directed in a department notice in March. The…

Month: April 2022

RBI moves SC to consolidate co-op bank pleas

Spandana Sphoorty founder Padmaja Reddy buys Rajshree Tracom, signals return to small loan business

35,000 GST Returns From FY18 Up For Scrutiny

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