BFSI Archives - AuthBridge Fri, 10 Jan 2025 04:35:10 +0000 en-US hourly 1 https://wordpress.org/?v=6.8.2 https://wptesting.authbridge.com/wp-content/uploads/2023/06/cropped-authbridge-site-icon-32x32.png BFSI Archives - AuthBridge 32 32 RBI Adds Auto-Replenishment of FASTag Under E-Mandate https://wptesting.authbridge.com/blog/rbi-fasttag-auto-debit-update/ https://wptesting.authbridge.com/blog/rbi-fasttag-auto-debit-update/#respond Fri, 23 Aug 2024 06:18:18 +0000 https://authbridge.com/?p=67388 The Reserve Bank of India (RBI) has recently made significant updates to its electronic mandate (e-mandate) framework, particularly focusing on enhancing the efficiency and convenience of toll payments through FASTTag. FASTTag, a system that leverages Radio Frequency Identification (RFID) technology, allows for seamless toll payments by automatically debiting the associated Read more…

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]]> https://wptesting.authbridge.com/blog/rbi-fasttag-auto-debit-update/feed/ 0 NPCI Introduces UPI Circle To Allow Delegated Payments https://wptesting.authbridge.com/blog/npci-upi-circle-introduced/ https://wptesting.authbridge.com/blog/npci-upi-circle-introduced/#respond Fri, 16 Aug 2024 06:48:56 +0000 https://authbridge.com/?p=67181 In a significant move to further enhance the inclusivity and utility of the Unified Payments Interface (UPI), the National Payments Corporation of India (NPCI) has introduced a groundbreaking feature known as “UPI Circle.” This initiative is designed to address the needs of users who remain dependent on cash for their Read more…

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]]> https://wptesting.authbridge.com/blog/npci-upi-circle-introduced/feed/ 0 Payment Aggregators vs Payment Gateway: Key Differences https://wptesting.authbridge.com/blog/payment-aggregators-vs-payment-gateway-key-differences/ https://wptesting.authbridge.com/blog/payment-aggregators-vs-payment-gateway-key-differences/#respond Tue, 13 Aug 2024 05:28:48 +0000 https://authbridge.com/?p=67117 Introduction Businesses are often faced with the challenge of selecting the right solution to facilitate seamless transactions. Two common options that often come into consideration are payment gateways and payment aggregators. Although these terms are sometimes used interchangeably, they represent distinct entities with unique functionalities, advantages, and use cases. This Read more…

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]]> https://wptesting.authbridge.com/blog/payment-aggregators-vs-payment-gateway-key-differences/feed/ 0 RBI Mandates Faster Credit Score Reporting For Lenders https://wptesting.authbridge.com/blog/fortnightly-credit-reporting-rbi-mandate/ https://wptesting.authbridge.com/blog/fortnightly-credit-reporting-rbi-mandate/#respond Fri, 09 Aug 2024 05:15:46 +0000 https://authbridge.com/?p=66717 In a significant move towards enhancing the accuracy and timeliness of credit information, the Reserve Bank of India (RBI) has mandated a shift from the traditional monthly reporting of credit data to a fortnightly cycle. This new regulation, effective from January 1, 2025, requires Credit Institutions (CIs) to report credit Read more…

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]]> https://wptesting.authbridge.com/blog/fortnightly-credit-reporting-rbi-mandate/feed/ 0 RBI Raises UPI Transaction Limit For Tax Payments To Rs 5 Lakh https://wptesting.authbridge.com/blog/rbi-raises-upi-transaction-limit-for-tax-payments-to-rs-5-lakh/ https://wptesting.authbridge.com/blog/rbi-raises-upi-transaction-limit-for-tax-payments-to-rs-5-lakh/#respond Thu, 08 Aug 2024 06:21:04 +0000 https://authbridge.com/?p=66619 RBI Increases UPI Transaction Limit For Tax Payments The Reserve Bank of India (RBI) has recently increased the UPI transaction limit for tax payments from ₹1 lakh to ₹5 lakh. This decision aims to enhance the convenience and efficiency of digital payments, particularly for larger transactions, thus promoting the use Read more…

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]]> https://wptesting.authbridge.com/blog/rbi-raises-upi-transaction-limit-for-tax-payments-to-rs-5-lakh/feed/ 0 ISD Registration Compulsory For Multi-State Presence Companies https://wptesting.authbridge.com/blog/input-service-distributor-gst-registration/ https://wptesting.authbridge.com/blog/input-service-distributor-gst-registration/#respond Wed, 07 Aug 2024 09:43:57 +0000 https://authbridge.com/?p=66582 The Finance Bill, 2024, introduced several pivotal changes to the Goods and Services Tax (GST) law. Two significant amendments include mandatory Input Service Distributor (ISD) registration for multi-state companies and the imposition of penalties for unregistered machines in the manufacturing of pan masala, gutkha, and other tobacco products. Mandatory ISD Read more…

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]]> https://wptesting.authbridge.com/blog/input-service-distributor-gst-registration/feed/ 0 RBI Issues New Due Diligence Guidelines For AePS Touchpoint Operators https://wptesting.authbridge.com/blog/rbi-new-due-diligence-guidelines-aeps/ https://wptesting.authbridge.com/blog/rbi-new-due-diligence-guidelines-aeps/#respond Tue, 06 Aug 2024 11:32:02 +0000 https://authbridge.com/?p=66534 The Reserve Bank of India (RBI) has introduced new guidelines aimed at fortifying the security of the Aadhaar Enabled Payment System (AePS). These guidelines, issued through a draft circular on July 31, 2024, outline the due diligence required by banks to verify AePS touchpoint operators, alongside proposing new methods for Read more…

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]]> https://wptesting.authbridge.com/blog/rbi-new-due-diligence-guidelines-aeps/feed/ 0 GST Collection Rises 14.4% YoY In July 2024 https://wptesting.authbridge.com/blog/gst-collection-july-2024/ https://wptesting.authbridge.com/blog/gst-collection-july-2024/#respond Fri, 02 Aug 2024 06:07:45 +0000 https://authbridge.com/?p=66014 After facing flak from the public for not releasing data for June 2024, the Government of India has finally released the Goods and Service Tax (GST) Collection data for July 2024. The GST collection in July 2024 experienced a significant rise, showcasing a robust growth of 10.3% to over ₹1.82 Read more…

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]]> https://wptesting.authbridge.com/blog/gst-collection-july-2024/feed/ 0 ITR Filing Last Date 2024: Late Filing Penalty, Eligibility And Other Important Details https://wptesting.authbridge.com/blog/itr-filing-last-date-2024/ https://wptesting.authbridge.com/blog/itr-filing-last-date-2024/#respond Wed, 31 Jul 2024 06:24:42 +0000 https://authbridge.com/?p=65917 The Income Tax Return (ITR) filing is a fundamental obligation for taxpayers in India. It involves declaring income earned over a financial year and paying the applicable taxes to the government. This process not only ensures compliance with tax laws but also helps individuals and businesses maintain a transparent financial Read more…

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]]> https://wptesting.authbridge.com/blog/itr-filing-last-date-2024/feed/ 0 Fake ITC Claims Detection Rises By 51% To Rs. 36374 Cr In FY24 https://wptesting.authbridge.com/blog/fake-itc-claims-detection-rises-to-36374-cr-fy24/ https://wptesting.authbridge.com/blog/fake-itc-claims-detection-rises-to-36374-cr-fy24/#respond Tue, 30 Jul 2024 07:20:33 +0000 https://authbridge.com/?p=65861 The detection of fake input tax credit (ITC) claims by central GST officers saw a remarkable rise of 50.6% in the fiscal year 2023-24, reaching a staggering Rs 36,374 crore. This substantial increase in detection by the Central Tax formations under the Central Board of Indirect Taxes and Customs (CBIC) Read more…

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