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SBI moves SC seeking extension of time till June 30 to submit details of E
Updated : 2 years, 4 months ago IST
The State Bank of India (SBI) has moved the Supreme Court seeking an extension of time till June 30 to submit details of Electoral Bonds to the Election Commission of India.
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Reserve Bank bars IIFL Finance from sanctioning new gold loans
Updated : 2 years, 4 months ago IST
The Reserve Bank of India has directed IIFL Finance Ltd. (the company) to stop sanctioning or disbursing gold loans or assigning, securitising, or selling any of its gold loans.
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80pc of digital payments in India happen through UPI: RBI governor
Updated : 2 years, 4 months ago IST
The share of UPI in digital payments in India has reached close to 80 per cent in 2023, informed Reserve Bank of India (RBI) Shaktikanta Das on Monday, as he outlined the growth of payments ecosystem in the country.
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Moody's signals improving private investment outlook with rising capacity
Updated : 2 years, 4 months ago IST
The latest report from Moody's Analytics reveals promising forecasts for India's economic growth trajectory, attributing it to various factors including government capital spending, manufacturing activity, and resilient consumption demand.
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India-Nepal enhance financial cooperation; digital payment to be inaugurat
Updated : 2 years, 4 months ago IST
Nepali Ambassador to India, Shankar Sharma, appreciated the new guidelines of the Reserve Bank of India, which allow multiple financial services between the citizens of India and Nepal.
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NEFT records a high of over 4 crore single-day transactions
Updated : 2 years, 4 months ago IST
The National Electronic Funds Transfer (NEFT) system has achieved a milestone by processing over 4 crore transactions, the highest number of transactions processed in a day so far.
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India's foreign exchange reserves rose by USD 2.98 billion, shows latest R
Updated : 2 years, 4 months ago IST
India's foreign exchange reserves rose by USD 2.975 billion to USD 619.072 billion in the week that ended on February 23, as per the latest data released by the Reserve Bank of India (RBI).
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97.6 pcs of Rs 2000 banknotes returned by Feb 29: RBI
Updated : 2 years, 4 months ago IST
"The facility for deposit and/or exchange of the Rs 2000 banknotes was available at all bank branches in the country up to October 07, 2023. The facility for the exchange of the Rs2000 banknotes has been available at the 19 Issue Offices of the Reserve Bank (RBI Issue Offices) since May 19,
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Robust 8.4 pc GDP growth in Q3 shows strength of Indian economy: PM Modi
Updated : 2 years, 4 months ago IST
Prime Minister Narendra Modi has said the robust 8.4 per cent GDP growth in the third quarter of 2023-24 shows the strength of the Indian economy and also its potential and the government will continue its efforts for fast economic growth to create 'Viksit Bharat'
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RBI cancels licence of Rajasthan-based Sumerpur Mercantile Urban Cooperati
Updated : 2 years, 4 months ago IST
The Reserve Bank of India (RBI) has cancelled the licence of Sumerpur Mercantile Urban Cooperative Bank Limited, Sumerpur, Pali, Rajasthan. Consequently, the bank ceases to carry on banking business, with effect from the close of business on February 28, 2024.
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RBI imposes monetary penalty on State Bank of India, Canara Bank
Updated : 2 years, 4 months ago IST
The Reserve Bank of India (RBI) has imposed a monetary penalty on State Bank of India and Canara Bank under relevant section of the Banking Regulation Act.
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Paytm UPI handles can continue after migration to other banks: RBI clarifi
Updated : 2 years, 4 months ago IST
The Reserve Bank of India (RBI) on Friday directed the UPI watchdog, the National Payments Corporation of India (NPCI) to examine the request of One97 Communication Ltd (OCL) to become a Third-Party Application Provider (TPAP) for the UPI channel for continued UPI operation of the Paytm app.
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