Search For "banks"
After successful pilot, Gujarat to launch 'Cooperation Among Cooperatives'
Updated : 1 year, 8 months ago IST
Notably under this initiative, envisioned by Union Home and Cooperation Minister Amit Shah, over 4 lakh new accounts were opened by cooperative societies and their active members in the District Cooperative Banks of these two districts, resulting in a jump of over Rs. 966 crores in the bank
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Brickwork Ratings (BWR) approved by RBI for Bank Risk-Weighting Claims
Updated : 1 year, 8 months ago IST
Bengaluru (Karnataka) [India], July 16: The Reserve Bank of India (RBI) has permitted banks to use the ratings of Brickwork Ratings India Private Limited (BWR) for risk-weighting their claims for capital adequacy purposes, according to a statement released by the RBI on July 10, 2024.
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RBI mandates banks to set up committees for inspection of fraud cases afte
Updated : 1 year, 8 months ago IST
As per the revised directions of Reserve Bank of India (RBI), the lenders have to issue a detailed show-cause notice (SCN) to the persons or entities against whom the fraud allegations are labelled.
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Banks in Abu Dhabi pump AED 45.8 bn in financial facilities in first four
Updated : 1 year, 8 months ago IST
Gross domestic credit extended by banks operating in Abu Dhabi in the first four months of the year grew by 5 percent or AED 45.8 billion to AED 961.9 billion from AED915.9 billion at the end of last year, according to UAE banking indicators by emirate released by the Central Bank of the UAE
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River erosion crisis: Saryu River devours land in Ballia, forcing villager
Updated : 1 year, 8 months ago IST
Due to the rise in the water levels of the Saryu River in Ballia District of Uttar Pradesh, river erosion has significantly increased near the river banks. The villagers who are living on the banks of the river are very scared due to river erosion and have been forced to use chizels, hammers
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Knee-deep water fills houses as Kamwari River overflows in Maharashtra's B
Updated : 1 year, 8 months ago IST
Amid heavy rain and thunderstorms in many parts of Maharashtra, the Kamwari River in the Bhiwandi area of Thane is overflowing, causing water to enter houses of people living near the banks.
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BRICS Bridge digital payment platform to boost trade between group's state
Updated : 1 year, 8 months ago IST
If this system is created, it may use digital currencies of the BRICS central banks, and their exchange rate will be tied to the value of national currencies.
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Pakistan government borrows PKR 3.2 trillion from bank in just 45 days
Updated : 1 year, 8 months ago IST
The Pakistani government has borrowed approximately Pakistani currency (PKR) 3.2 trillion from scheduled banks from May 15 to June 28 of the fiscal year 2023-24, this works out to an average of 71.8 billion PKR per day
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Myntra Integrates Reward Points from Multiple Banks and Brands with Twid's
Updated : 1 year, 8 months ago IST
Bengaluru (Karnataka) [India], July 11: Twid, India's leading rewards-based payment network, and Myntra, one of the country's leading fashion, beauty and lifestyle e-commerce platforms, today announced a strategic partnership revolutionizing the shopping experience for customers. The partner
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DFS Secretary Vivek Joshi reviews performance of financial inclusion schem
Updated : 1 year, 8 months ago IST
Secretary at Department of Financial Services (DFS), Vivek Joshi, chaired a review meeting on the progress and performance of financial inclusion schemes, including PM SVANidhi, PM Vishwakarma and Jan Samarth Portal with senior executives of private sector banks in the national capital on Tu
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Securitisation market grows by 17 pc in Q1FY25 (YoY) to Rs 45,000 crore
Updated : 1 year, 8 months ago IST
The securitisation market in India witnessed robust growth with the volume reaching at around Rs 45,000 crore, in the first quarter (April-June) of 2024, highlights a report by Crisil.
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Reforms in pension scheme, tax on deposits, PSBs' consolidation must be on
Updated : 1 year, 8 months ago IST
The key reforms brought in over the past decade were Jan Dhan; Digitization, financial inclusion; recapitalisation of PSBs; API-based banking; Insolvency and Bankruptcy Code; GST; and platform business models, among others.
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