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Additional Commissioner

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Banking, Fintech & Insurance 03 Oct 2026, 07:06 PM IST

ICICI Bank Faces โ‚น229.14 Crore GST Notice Over Minimum Balance Services

ICICI Bank has received a show-cause notice from GST authorities seeking โ‚น229.14 crore in tax demand over services linked to customers maintaining minimum account balances. The notice, issued on September 30 by the Additional Commissioner at the CGST and Central Excise Division-IV, adds to the bankโ€™s ongoing legal and regulatory disputes over similar past notices.

By RDU Global Wire5 min read
Banking, Fintech & InsuranceRecently

ICICI Bank Faces Rs 229 Crore GST Notice Over Minimum Balance Services

ICICI Bank has received a show cause notice from GST authorities seeking Rs 229.14 crore in tax, interest and penalties linked to services offered to customers maintaining minimum account balances. The notice, issued on September 30 by the Additional Commissioner at the CGST and Central Excise Division-IV, adds to the bankโ€™s ongoing legal and regulatory disputes over similar tax demands.

4 min readRead โ†’
Global Health & BiotechSept 26, 2026

Republic of Korea and WHO Forge Ahead on Global Health Initiatives

In a pivotal meeting held in Seoul, the Republic of Korea and the World Health Organization reiterated their commitment to addressing global health challenges. This strategic dialogue marks a significant step in their 75-year partnership, focusing on emerging health trends and collaborative solutions.

4 min readRead โ†’
Global Society & Public Affairs3h ago

U.S. Pledges Additional $31 Million to Help Nepal Rebuild After Deadly Floods

The United States said it will provide an additional $31 million to support Nepal's flood recovery, expanding aid for bridges, water and sanitation, shelter, livelihoods and disaster-response tools. The announcement came after Under Secretary of State for Political Affairs Allison Hooker met Nepalese Foreign Minister Shisir Khanal in New York and expressed sympathy for those affected, including the families of about 70 Americans still unaccounted for.

4 min readRead โ†’
Markets, IPOs & Wealth03 Oct 2026, 05:01 PM IST

FPIs Turn Net Sellers, Pull Rs 35,860 Crore From Indian Equities in September

Foreign portfolio investors withdrew Rs 35,860 crore from Indian equities in September, reversing the buying momentum seen in July and August as global uncertainty and firmer US interest rates weighed on risk appetite. The selling continued into October, with an additional Rs 9,232 crore exiting Indian stocks, underscoring renewed caution toward emerging markets.

4 min readRead โ†’
Banking, Fintech & Insurance03 Oct 2026, 03:39 PM IST

Banks Likely to Deploy FCNR(B) Liquidity as Festive Credit Demand Builds, RBI Deputy Governor Says

Reserve Bank Deputy Governor Rohit Jain said banks are likely to put additional liquidity from FCNR(B) deposits to work in the coming months as festive-season credit demand strengthens. He added that the central bank will not direct lenders toward specific sectors, leaving deployment decisions to banks based on the quality of credit proposals.

5 min readRead โ†’
Global Markets & Equities03 Oct 2026, 08:56 AM IST

Banks Likely to Deploy FCNR(B) Liquidity as Festive Credit Demand Builds, RBI Deputy Governor Says

Banks are expected to put additional liquidity from FCNR(B) deposits to work in the coming months as credit demand strengthens ahead of the festive season, Reserve Bank Deputy Governor Rohit Jain said. He added that the central bank will not direct lenders toward specific sectors, leaving deployment decisions to banks based on the quality of credit proposals and prevailing demand across the economy.

5 min readRead โ†’

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