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RBI issues final guidelines on project finance; new norms effective from O
Updated : 9 months ago IST
The Reserve Bank of India (RBI) on Wednesday issued the final Reserve Bank of India (Project Finance) Directions, 2025 which lays down the comprehensive framework for income recognition, asset classification, and provisioning norms for project loans under implementation.
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Xflow announces plans to power Cross-Border Payments for over 30,000 India
Updated : 9 months ago IST
Bengaluru (Karnataka) [India], June 19: Xflow, India's leading cross-border payments platform, today announced its bold vision to support over 30,000 Indian exporters by the end of 2025. The company is on a mission to simplify global money movement for IT service providers, funded startups,
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Bureau Expands Device Intelligence with Next-Gen Capabilities to Detect Co
Updated : 9 months ago IST
Bengaluru (Karnataka) [India], June 19: Bureau, a unified risk decisioning platform, today announced the launch of Bureau Device ID, its next-generation device intelligence solution purpose-built to tackle the growing wave of AI-driven fraud, synthetic identities, and organized fraud rings.
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Global Pause: US, Taiwan and UAE keep interest rates unchanged
Updated : 9 months ago IST
The Central Bank of the Republic of China (Taiwan) on Thursday kept the key interest rates unchanged after a quarterly policymaking meeting, as reported by the Focus Taiwan.
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Kerala: Odapoo flower in annual Kottiyoor festival attracts huge crowds in
Updated : 9 months ago IST
The Kottiyoor festival, also known as Kottiyoor Vysakha Mahotsavam started on June 8 and will be happening till July 4. The festival commemorates the 'Daksha Yaga' and is a famous Hindu pilgrim centre dedicated to Shiva and Parvati. The Akkare Kottiyoor temple, situated at the banks of the B
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Builder Samir Bhojwani's Bandra Office Tower Purchased by AU Small Finance
Updated : 9 months ago IST
New Delhi [India], June 19: In a city where Grade-A commercial properties are increasingly hard to come by, AU Small Finance Bank has purchased a standalone office tower, 'Vishwas' located just off the Western Express Highway in Bandra East. The transaction, pegged at a reported ₹371 c
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DreamFolks Revolutionizes Banking Card Benefits with Exclusive 'Members-On
Updated : 9 months ago IST
New Delhi [India], June 19: Dreamfolks Services Limited, India's leading travel and lifestyle experience company, is redefining banking card privileges with the launch of two standout offerings -- exclusive access to a network of 3,000+ members-only social clubs worldwide, and complimentary
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Banking credit trails deposit growth, keeping CD ratio under 80%: CareEdge
Updated : 9 months ago IST
In the current fortnight, deposit growth has outpaced credit growth and credit offtake and deposit growth has cooled, according to a report by CareEdge.
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Big non-banking lenders in India are gaining trust and growing fast: Fitch
Updated : 9 months ago IST
According to Fitch, large NBFIs with a proven track record are earning more trust from investors and lenders. This growing confidence is helping them stay ahead of smaller players in the sector.
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UAE Central Bank keeps interest rate steady after US Fed decision
Updated : 9 months ago IST
On Wednesday, in a post on social media platform X, the bank stated, "The #CentralBankUAE has decided to maintain the Base Rate applicable to the Overnight Deposit Facility (ODF) at 4.40 per cent."
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RBI's Cash Reserve Ratio cut to boost credit growth by 1.4 to 1.5 per cent
Updated : 9 months ago IST
The recent cut in the Cash Reserve Ratio (CRR) during the monetary policy announcement by the Reserve Bank of India is expected to create room for additional credit growth of 1.4-1.5 per cent, according to a report by the State Bank of India (SBI).
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Nearly 700 entities join account aggregator system; 15 crore accounts link
Updated : 9 months ago IST
Union Finance and Corporate Affairs Minister Nirmala Sitharaman on Wednesday said that in just 3 years, nearly 700 entities as of Financial Year (FY) 2025 across banking, insurance, securities, and pensions have joined the Account Aggregator (AA) platform, up from only 24 in FY22.
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