Search For "bank of india"
Bombay HC quashes Bank of India's decision to classify Jet Airways founder
Updated : 5 months, 3 weeks ago IST
The Bombay High Court has quashed the Bank of India's decision declaring Jet Airways owner Naresh Goyal's account as "fraud".
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SIDBI launches model of cluster development through Development of Industr
Updated : 5 months, 2 weeks ago IST
The Small Industries Development Bank of India (SIDBI) has launched a low-cost, innovative, and self-propelling model of cluster development through its national scheme, Development of Industry Associations (DIA), a release stated.
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RBI unveils new directions to strengthen digital payment security
Updated : 5 months, 2 weeks ago IST
As digital payments become an integral part of everyday life in India, the Reserve Bank of India (RBI) has taken a significant step to enhance the security of these transactions.
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Mixed rainfall in India's agri regions, floods and deficits, raise food in
Updated : 5 months, 2 weeks ago IST
India's agriculture productive zones are facing a mixed situation with severe flooding in some regions and rainfall deficit in others, creating upward risks for food inflation, according to a report released by Union Bank of India.
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States raise Rs 25,000 crore via securities auction; cut-off yields hover
Updated : 5 months, 2 weeks ago IST
States mobilised Rs 25,000 crore through the auction of State Government Securities (SGS) held on September 23, with cut-off yields largely in the range of 7.26-7.45 per cent, according to the Reserve Bank of India (RBI).
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New GST rates implementation has set the stage for consumption led growth
Updated : 5 months, 2 weeks ago IST
India's Goods and Services Tax (GST) 2.0, has been hailed as a "GST booster shot" for consumption-led growth, with major reliefs announced for sectors including FMCG, MSME, textiles, automobiles, healthcare, insurance, electronics and construction, noted a report by the Union Bank of India.
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CBI convicts and sentences four accused in bank fraud case of Rs 6.8 crore
Updated : 5 months, 3 weeks ago IST
The accused have been sentenced to three years imprisonment and a fine of Rs 1.25 lakh has also been imposed. Additionally, the private company M/S Anita Contractor and Construction Private Limited has also been imposed a fine of Rs 1 lakh.
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India's digital revolution: Your guide to the perfect payment gateway
Updated : 5 months, 2 weeks ago IST
New Delhi [India], September 23: India has become the fastest-growing digital payments market in the world. According to the Reserve Bank of India, digital payments crossed 18,000 crore transactions in FY 2024-25, and projections suggest the market will hit $10 trillion in value by 2026. Fro
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25 bps cut in September MPC best possible option for RBI: SBI
Updated : 5 months, 3 weeks ago IST
The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) may announce a 25 basis points (bps) cut in its September policy meeting as it is the best possible option at this stage, according to a report by State Bank of India (SBI).
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India's forex reserves climb by $4.7 bn to hit $702.97 bn, marking 3rd str
Updated : 5 months, 3 weeks ago IST
India's foreign exchange reserves rose by USD 4.698 billion in the week that ended September 12 to USD 702.966 billion, marking the third consecutive weekly increase, the Reserve Bank of India (RBI) said in its latest 'Weekly Statistical Supplement.'
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Build infrastructure for rupee trades beyond USD-INR pair: RBI Governor Ma
Updated : 5 months, 3 weeks ago IST
Reserve Bank of India (RBI) Governor Sanjay Malhotra on Friday said the Clearing Corporation of India Ltd (CCIL) should prepare for the next phase of financial market development by facilitating currency trading beyond the dollar-rupee pair, as part of the broader goal of internationalising
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Index Inclusion Impact: How Foreign Funds Are Reshaping India's ₹226 Trill
Updated : 5 months, 3 weeks ago IST
New Delhi [India], September 18: India's bond market stands at an unprecedented inflection point in 2025, having reached a staggering size of ₹238 trillion (approximately $2.69 trillion) by March 2025, representing a remarkable 10.2% growth from the previous fiscal year. This monumental achi
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