On EPFO table: Bank-like transactions, other reforms

The Employees’ Provident Fund Organisation (EPFO) is set to discuss the EPFO 3.0 initiative next month. This initiative aims to enable seamless transactions like ATM withdrawals and UPI payments. The central board of trustees may also consider increasing the minimum…

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RIL ups deal size of asset-backed notes on strong demand

Reliance Industries has increased its asset-backed securities issuance to ₹21,000 crore, driven by strong investor demand. The securities, offering a 7.75% coupon, are backed by receivables from Reliance’s operating businesses and feature a four-year tenor. ICICI Prudential Mutual Fund is…

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