Page 176 - BFSI CHRONICLE 10 th Issue (2nd Annual Issue ) .indd
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FSI Chronicle
B BFSI Chronicle, 2 nd d A nnual Issue , 1 0 th th th Edition Jul y 202 2
BFSI Chronicle, 2 Annual Issue, 10 Edition July 2022
Annual Issue, 10
Edition July 2022
n nd
FINANCIAL SNIPPETS
• Net Direct tax collection sees 48.4% transactions till March 29, 2022 according
increase in FY 22 to NPCI data and is expected to cross
• Indian Banking Sector healthier than USD 1 trillion in FY 22
ever- K.V.Kamath • GST collection at all-time high of Rs.1.42
• CPI inflation at 6.07% - 8 months high in trillion in March
February 22 • Banks get time till March 2023 to
• RBI removes price curbs on microfinance implement new system to replenish cash
loans ATMs
• WPI inflation at 13.11% in February • RBIs Bi-monthly monetary policy of
• India’s exports reach 400 billion for the 8,April 2022 – Key Takeaways and
first time highlights
• RBI governor inaugurates Reserve Bank • For the 11th time the central bank kept
Innovation hub in Bengaluru to the report he has changed at 4%. The
• Banks fundraising spree- economy policy finally slashed GDP growth
shows signs of stability forecast from 7.8% to 7.2%- and hiked
• Digital payments high , but cash inflation forecast at 5.7% for the fiscal
circulation is still high – shows data 2022–23
• Around 1.66 lakh bank accounts linked • RBI introduced SDF at 3.75% as floor as
to at least one account aggregator part of liquidity management
• RBI lists out the ways scammers use to • India’s tax revenues reach a record high
empty your bank accounts of Rs.27.07 trillion in FY 22
• Economy is well placed with abundant • Cardless Cash withdrawal soon at all
liquidity, high forex and no fears of bank branches and ATMs via UPI
stagflation, assures RBI Governor • India Kept Extreme poverty below 1%
• India’s net direct tax collections are despite pandemic as per IMF paper
48.4% higher than 2020 -21 and 42.5% • March PMI data for India show strong
more than the pre pandemic levels as on growth despite Ukraine war
March 16 as per finance ministry • In March 2022 , Reserve Bank of India
• Net direct tax collection rises 50% to made a revolutionary leap in India’s
record Rs.13.8 1 trillion in FY 22 payment ecosystem launching a version
• Finance ministry and IMF warn against of UPI which can be used on feature
crypto adoption phones
• Axis bank acquires Citi India’s retail • RBI shelves plastic banknotes plan.
assets for USUSD 1.6 billion. • Debt recovery via insolvency cases at
• Non-food credit growth accelerates to 8% 31%. 47% cases liquidated
– RBI data • Economic recovery, improving business
• UPI recorded whopping 504 crore confidence to help banks in FY 23 as per
The Institute Of Cost Accountants Of India
The Institute Of Cost Accountants Of India
The Institute Of Cost Accountants Of India
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