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Amid drop in domestic yield and surplus liquidity, RBI may change its liqu
Updated : 10 months, 1 week ago IST
India's banking system remained in a liquidity surplus during the past week, with average surplus funds amounting to Rs 2.04 lakh crore, according to a report by Union Bank of India.
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ZikZuk Receives In-Principle Approval from RBI for Issuance of Prepaid Pay
Updated : 10 months, 1 week ago IST
Hyderabad (Telangana) [India], May 19: ZikZuk, a fast-growing fintech startup headquartered in Hyderabad, announces that it has received in-principle authorisation from the Reserve Bank of India (RBI) to issue Prepaid Payment Instruments (PPI). With this strategic approval, ZikZuk is set to
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India's MSMEs face credit gap of Rs 30 lakh crore, women-owned businesses
Updated : 10 months, 1 week ago IST
The MSME (Micro, Small and Medium Enterprises) sector is facing an addressable credit gap of around Rs 30 lakh crore, which is about 24 per cent of the total credit demand, according to a recent report by SIDBI (Small Industries Development Bank of India).
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India's export outlook remains uncertain, trade deficit to widen to 1.2% o
Updated : 10 months, 1 week ago IST
India's trade outlook for the current financial year remains uncertain due to the looming threat of reciprocal tariffs by the United States, according to a report by Union Bank of India.
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India's forex reserves hit 7-month high of $690.6 billion
Updated : 10 months, 1 week ago IST
India's foreign exchange reserves (forex) rose USD 4.553 billion to USD 690.617 billion in the week that ended on May 9, official data released by the Reserve Bank of India (RBI) showed.
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Long-term investments in Green Bonds to give substantial returns: SBI Rese
Updated : 10 months, 1 week ago IST
Long-term investment in green bonds is expected to give substantial returns, says a report by the State Bank of India (SBI).
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Govt should focus more on Smart Cities and AMRUT to enhance urban ecologic
Updated : 10 months, 1 week ago IST
The Indian government should increase its focus on programmes like the Smart Cities Mission and AMRUT to promote green infrastructure and improve urban ecological resilience, according to a research report by the State Bank of India (SBI).
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Metal prices likely to keep upward pressure on WPI in coming months: Union
Updated : 10 months, 1 week ago IST
Metal prices are likely to keep pushing up the Wholesale Price Index (WPI) in the coming months, according to a report by Union Bank of India.
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Alternative finance and digital lending gaining traction among MSMEs: SIDB
Updated : 10 months, 2 weeks ago IST
Alternative finances and digital lending are gaining pace for credits to the Micro, Small and Medium Enterprise (MSME) sector, shows data from a survey by the Small Industries Development Bank of India (SIDBI).
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PayU Receives Final Authorization from The RBI to Operate as an Online Pay
Updated : 10 months, 2 weeks ago IST
Mumbai (Maharashtra) [India], May 14: PayU, one of India's leading online payments services providers, has announced that it has received the final authorization from the Reserve Bank of India (RBI) to operate as an Online Payment Aggregator under the Payment and Settlement Systems Act, 2007
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Rising gold prices and global tariff tensions poised to push CPI higher in
Updated : 10 months, 2 weeks ago IST
The ongoing global tariff wars and the continued rise in gold prices will significantly impact the overall consumer price index (CPI) in the upcoming months, even if food prices remain stable, according to a report by the Union Bank of India (UBI).
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RBI imposes Rs 1.72 crore penalty against SBI for certain non-compliances
Updated : 10 months, 2 weeks ago IST
The Reserve Bank of India (RBI) has penalised the State Bank of India with Rs 1.72 crore for non-compliance with certain directions.
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