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Pakistan's central bank increases interest rate by 300 basis points to 20
Updated : 3 years ago IST
Pakistan's Central Bank increased the interest rate by 300 bps taking the total increase to 1,050 bs since January 2022 to counter rising inflation.
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Evera closed Pre-Series A round, raises USD 7 Mn USD
Updated : 3 years ago IST
New Delhi [India], March 4 (ANI/PNN): Evera- an EV Cab service provider, has marked the final closure of its pre-Series A funding round at USD 7 million. The company secured the investments in two tranches, initially led by IEG Investment Banking Group, Germany and later Direct Capital- a su
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Nepal's Narayangadh-Butwal road expansion still in progress, Chinese compa
Updated : 3 years ago IST
Owing to the lacklustre attitude of the responsible agencies to monitor and disinterest in implementation, the work is yet to catch the expected pace. The contract will be terminated if the construction work is not finished within the allotted time limit
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Bajaj Finance revises FD Rates up to 35 bps: Now earn returns up to 8.20 p
Updated : 3 years ago IST
Pune (Maharashtra) [India], March 4 (ANI/NewsVoir): The CRISIL AAA/STABLE and [ICRA]AAA(Stable) rated NBFC, Bajaj Finance has once again revised its FD rates by up to 35 bps. The revised FD rates are applicable for all new deposits and renewals with effect from 4th March 2023. After the hike
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China approves USD 1.3 billion rollover for cash-strapped Pakistan
Updated : 3 years ago IST
Taking to Twitter, Pakistan Finance Minister Ishaq Dar announced, " Formalities completed [and] Chinese Bank, ICBC approved rollover of USD 1.3 billion facilities which has been repaid by Pakistan to ICBC in recent months."
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Southeast Asian banks well-placed against fintechs after their successful
Updated : 3 years ago IST
Tighter funding condition for fintechs will curb their near-term expansion. "Regulators will not shield banks from new entrants, but will also prevent the latter from forming closed loop ecosystems," it added.
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MP CM Chouhan chairs bankers committee meeting before launch of Ladli Behn
Updated : 3 years ago IST
CM Chouhan also reviewed various loan schemes and gave instructions to complete them before the end of the financial year during the meeting which held at Samatva Bhavan in CM's residence office in Bhopal on Saturday morning.
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Power Bank App fraud case: ED conducts searches at 14 locations, seizures
Updated : 3 years ago IST
The Enforcement Directorate (ED) on Friday conducted searches in as many as 14 premises in Surat SEZ, Ahmedabad and Mumbai in connection with an alleged Power Bank App fraud case.
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World Bank President nominee Ajay Banga to visit Cote D'Ivoire, Kenya next
Updated : 3 years ago IST
During the global listening tour, he will travel to Africa, Asia, Latin America, and Europe in the coming weeks and engage with key World Bank shareholders.
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Forex reserves drops USD 325 mn to USD 561 billion
Updated : 3 years ago IST
Foreign exchange reserves declined by USD 5.681 billion to USD 561.267 billion in the week ending on February 17
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Sikkim govt distributes Rs 32 Crores to 16,000 housewives under flagship p
Updated : 3 years ago IST
"It was next to impossible to hand over 16,000 cheques in a day hence 32 mothers, one from every constituency are being awarded here today. However, the remaining mothers will receive money directly from the State Bank of Sikkim bank account," the Sikkim CM said.
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Positive Pay System mandatory for cheque payments of Rs 5lakh and above: P
Updated : 3 years ago IST
The PPS is a system developed by the National Payments Corporation of India (NPCI), which requires customers to reconfirm essential details, such as account number, cheque number, cheque alpha code, issue date, amount, and beneficiary name, when issuing cheques of certain amount.
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