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ED attaches bank balances from accused in JK Services Selection Board pape
Updated : 2 years, 1 month ago IST
The Directorate of Enforcement (ED), Jammu Sub Zonal Office has attached movable properties in the form of bank balances relating to one accused Yatin Yadav, M/s New Global Fumigation Corporation, Proprietor Yatin Yadav and his associate Lokesh Kumar, to the tune of Rs 1 Crore (approximatel
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ED attaches Rs 36.66 cr assets of Veena Developers in bank fraud linking H
Updated : 2 years, 1 month ago IST
The bank fraud case pertains to Rakesh Wadhawan and Sarang Wadhawan, the promoters of Housing Development Infrastructure Ltd (HDIL) and others linked to the case of Mack Star Marketing Private Limited.
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Oil prices hit 6-month high, igniting inflation fears and economic uncerta
Updated : 2 years, 1 month ago IST
This sudden and significant uptick in oil prices has sent reverberations throughout global financial markets, reigniting fears of inflationary pressures and prompting deep concerns among central bankers, policymakers, and investors alike.
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India's Reserve Bank leads surge in gold reserves amid global central bank
Updated : 2 years, 1 month ago IST
India's consistent efforts to bolster its gold reserves reflect a strategy aimed at diversifying its foreign exchange reserves and mitigating risks associated with currency fluctuations and economic uncertainties.
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Aggregate capital, reserves of UAE-based banks increase to AED500 billion
Updated : 2 years, 1 month ago IST
The aggregate capital and reserves of banks operating in the United Arab Emirates (UAE) reached AED 500 billion at the end of January 2024, according to the latest statistics from the Central Bank of the UAE (CBUAE).
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RBI launches new website and mobile application
Updated : 2 years, 1 month ago IST
The new website and mobile application of the Reserve Bank of India (RBI) was released on Friday by Governor Shaktikanta Das.
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RBI imposes monetary penalty on IDFC First Bank for non-compliance with di
Updated : 2 years, 1 month ago IST
The penalty has been imposed in the exercise of powers vested in RBI under the Banking Regulation Act, of 1949
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India's foreign exchange reserves rise further to hit fresh high
Updated : 2 years, 1 month ago IST
India's foreign exchange reserves rose for the sixth straight week to hit a fresh all-time high of USD 645.583 billion in the week ending on March 29, as per the latest data released by the Reserve Bank of India
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SBI says monetary policy reflects India's high growth and low inflationary
Updated : 2 years, 1 month ago IST
The country's largest public sector bank State Bank of India said the monetary policy statement of the RBI reflected India's high growth and low inflation. Reacting to the central bank maintaining the status quo in the repo rate, SBI Chairman Dinesh Khara said
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RBI cancels registration of four non-banking financial companies
Updated : 2 years, 1 month ago IST
Those companies are Uttar Pradesh-based Kundles Motor Finance Private Limited, Tamil Nadu-based Nithya Finance Limited, Punjab-based Bhatia Hire Purchase Pvt Ltd, and Himachal Pradeesh-based Jiwanjyoti Deposits and Advances Limited.
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Indian benchmark indices flat after RBI keeps policy rates unchanged
Updated : 2 years, 1 month ago IST
The Sensex concludes at 74,248, registering a marginal uptick of 21 points, while the Nifty50 closed unchanged at 22,514 during the Friday's trading session. Notably, gains in stocks like Kotak Bank, ITC, HDFC Bank, Bajaj Finserv, ICICI Bank, IndusInd Bank, and SBI helped cushion the downsid
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Commercial Bank International leads investment round in generative AI fint
Updated : 2 years, 1 month ago IST
Commercial Bank International (CBI) has announced its investment in zypl.ai, a fintech startup pioneering the application of generative AI in lending.
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