The Reserve Bank of India (RBI) and the Bank Indonesia (BI) signed a Memorandum of Understanding (MoU) on Thursday for establishing a framework to promote the use of local currencies -- the Indian Rupee (INR) and the Indonesian Rupiah (IDR) for cross-border transactions.
New Delhi [India], March 6: In light of the Punjab and Maharashtra Cooperative Bank's risky investments that led to its license revocation by the RBI, several organizations faced significant losses. While 95% of the bank's depositors received up to Rs. 5,00,000 as insured amount, certain soc
Mumbai (Maharashtra) [India], March 5: In the world of banking, where trust and security are paramount, the proverb "Fortune favours the one who is prepared" rings especially true. This sentiment finds its embodiment in the recent accolade bestowed upon BHARAT Co-operative Bank (Mumbai) Ltd.
"Samrat Vikramaditya had built a Ram temple in Ayodhya 2000 years ago. Now, our government will try to construct a 'dharmshala' in Ayodhya for people of the state visiting there. If the land is made available, we will also construct 'Vikramaditya Ghat' on the banks of the Saryu River," CM Ya
Bangalore (Karnataka) [India], February 28: Brickwork Ratings (BWR) is pleased to announce the appointment of Alok Kedia as its new Managing Director & CEO, effective Monday, February 26, 2024. Alok brings with him almost three decades of extensive experience in senior management roles a
Oinam Alson Singh's, who took up the sport seriously towards the end of 2021 has so far been competing without a coach and banks on the advice of his uncles, who guide him about weight training and techniques of throwing
Bengaluru (Karnataka) [India], February 27: RBL Bank, one of India's leading private sector banks with an expanding presence across the country, and Innoviti Technologies Pvt. Ltd., India's largest payments-based SaaS tools company for enterprise brands and their SME channel partners, have s
The entry of multi-millionaire real estate baron, D Kupendra Reddy, a Janata Dal (Secular)-BJP candidate has turned the elections to the fourth seat into a keen contest.
Karnataka Deputy Chief Minister DK Shivakumar on Monday called on the banks to open more branches in rural areas of Karnataka to support the growing rural economy.
In a first-of-its-kind initiative, the Election Commission of India (ECI) on Monday signed a Memorandum of Understanding (MoU) with the Indian Banks' Association (IBA) and the Department of Posts (DoP) to amplify its voter outreach and awareness efforts ahead of the forthcoming Lok Sabha ele
The Reserve Bank of India (RBI) on Friday directed the UPI watchdog, the National Payments Corporation of India (NPCI) to examine the request of One97 Communication Ltd (OCL) to become a Third-Party Application Provider (TPAP) for the UPI channel for continued UPI operation of the Paytm app.
Accusing the BJP-led government of being "autocratic" and trying to capture democracy through "extortion and financial terrorism", Congress on Thursday said that the banks were forced to transfer about Rs 65.89 crore from the party's bank deposits even as Income Tax Appellate Tribunal had pu