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India, Myanmar completes first transaction exceeding Rs 1 crore through Pu
Updated : 1 year, 9 months ago IST
The initiative aims to streamline trade transactions between India and Myanmar, enhancing efficiency by eliminating complexities associated with exchange rates through direct payment in local currencies.
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Assam CM Himanta Biswa Sarma assesses flood situation at Bokakhat, visits
Updated : 1 year, 9 months ago IST
CM Sarma interacted with the flood-affected people taking shelter on the embankment and took note of the damage caused due to floods.
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Tamil Nadu: Udayanidhi Stalin launches "TN-RISE" to empower rural women en
Updated : 1 year, 9 months ago IST
The Tamil Nadu Women Development Corporation, with financial support from the World Bank, unveiled a special platform named TN-RISE. This initiative seeks to address the challenges faced by women entrepreneurs in accessing finance, credit, and marketing opportunities.
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Finuit's Bank Statement Analyzer simplifies processing of MSME Loan Applic
Updated : 1 year, 9 months ago IST
New Delhi [India], July 2: There are over 6.3 million MSMEs in India, with an unmet credit demand of close to 120 billion USD. Access to small ticket loans for MSMEs is often a long, uncertain process. MSME lending landscape faces challenges of credit underwriting necessary for the approval
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What is NPS And Its Benefits?
Updated : 1 year, 9 months ago IST
New Delhi [India], July 2: Financial security in retirement is a growing concern nowadays. This is where options like the National Pension System (NPS) emerge for individuals seeking stability and comfort during their golden years. With its structured approach and various benefits, the NPS h
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RBI appoints Arnab Kumar Chowdhury as Executive Director
Updated : 1 year, 9 months ago IST
Chowdhury has experience of over three decades in the Reserve Bank of India. He has worked extensively in the area of supervision of financial entities.
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2.1% of Rs 2000 banknotes, with value of Rs 7,581 crore, still to be re
Updated : 1 year, 9 months ago IST
About 2.1 per cent or Rs 7,581 crore of the withdrawn Rs 2,000 banknotes have not yet been returned to the RBI, about nine months after the deadline to deposit or exchange them at bank branches was over.
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SBI launches online quick loan solution for MSMEs
Updated : 1 year, 9 months ago IST
The solution, named "MSME Sahaj - End to End Digital Invoice Financing", has been developed that will provide solutions ranging from applying the loan, documentation and disbursement of the sanctioned loan within 15 minutes, without any manual intervention.
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India to create a cross-border retail payment platform with four ASEAN cou
Updated : 1 year, 9 months ago IST
As per a statement from the Reserve Bank of India (RBI), an agreement was signed by the BIS and the central banks of the founding countries -- Bank Negara Malaysia (BNM), Bank of Thailand (BOT), Bangko Sentral ng Pilipinas (BSP), Monetary Authority of Singapore (MAS), and the RBI on Sunday (
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Morgan Stanley sets a base target of Rs 3,540 and bull case of Rs 4,377 fo
Updated : 1 year, 9 months ago IST
In its fourth monetisation cycle this century, Reliance Industries (RIL) will see up to USD 100 bn in value creation says a research report of American multinational investment bank and financial services firm Morgan Stanley.
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Amit Shah appeals for "Sahkar se Samriddhi" through cooperation
Updated : 1 year, 9 months ago IST
Minister of Cooperation Amit Shah lauded the efforts made under the "Sahkar se Samriddhi" or prosperity through cooperation initiative while inaugurating the 76th Annual General Meeting of Kheda District Central Cooperative (KDCC) Bank Limited, Nadiad, Gujarat through video conferencing.<
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Former RBI Governor Dr Duvvuri Subbarao Visits Rau's IAS Study Circle: A N
Updated : 1 year, 9 months ago IST
New Delhi [India], June 29: Dr Duvvuri Subbarao, former Governor of the Reserve Bank of India (RBI), made a heartfelt visit to Rau's IAS Study Circle, where he once prepared for the Indian Administrative Service (IAS) examination. This visit marked a special moment in his life, reconnecting
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