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RBI imposed restrictions on Mastercard from onboarding new customers from
Updated : 4 years, 8 months ago IST
New Delhi [India], July 14 (ANI): Reserve Bank of India (RBI) on Wednesday imposed restrictions on Mastercard from onboarding new domestic customers (debit, credit or prepaid) onto its network from July 22 for non-compliance with 'directions on Storage of Payment System Data'.
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Benefit from the renewal facility offered by Bajaj Finance Online FD
Updated : 4 years, 8 months ago IST
Pune (Maharashtra) [India], July 12 (ANI/NewsVoir): The Reserve Bank of India (RBI) on Friday, July 2, made some noteworthy changes regarding the interest on the amount left unclaimed with the bank after a term deposit (TD)/Fixed Deposit (FD) matures. According to the new rules if a customer
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'We are in process to setup small finance bank which will take over PMC Ba
Updated : 4 years, 8 months ago IST
New Delhi [India], July 12 (ANI): The Reserve Bank of India on Monday said it has given "in-principle" approval to one Centrum Financial Services Ltd (CFSL) to set up a small finance bank (SFB), which will take over the beleaguered Punjab and Maharashtra Cooperative Bank (PMC Bank) very s
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RBI issues advisory to banks emphasising need for preparedness for transit
Updated : 4 years, 8 months ago IST
Mumbai (Maharashtra) [India], July 8 (ANI): The Reserve Bank of India (RBI) on Thursday issued an advisory to banks and other RBI-regulated entities emphasizing the need for preparedness for the transition away from the London Interbank Offered Rate (LIBOR).
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RBI imposes penalties on SBI, 13 banks for violation of rules
Updated : 4 years, 8 months ago IST
New Delhi [India], July 8 (ANI): The Reserve Bank of India (RBI) on Tuesday imposed a monetary penalty on fourteen banks, including the State Bank of India (SBI) and Bank of Baroda (BOB) for violation of various rules.
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Andhra to conduct Rythu Bharosa Chaitanya Yatra to create awareness among
Updated : 4 years, 8 months ago IST
Amaravati (Andhra Pradesh) [India], July 7 (ANI): Andhra Pradesh Chief Minister YS Jagan Mohan Reddy on Tuesday directed the officials to conduct Rythu Bharosa Chaitanya Yatra from July 9 to July 23, to create awareness among farmers on agriculture-related aspects like RBKs, CMAPP (Continuou
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RBI to conduct Rs 20,000 crore bond purchase on July 8
Updated : 4 years, 8 months ago IST
Mumbai (Maharashtra) [India], July 6 (ANI): The Reserve Bank of India (RBI) will conduct open market purchase of government bonds worth Rs 20,000 crore under the G-sec Acquisition Programme (G-SAP 2.0) on July 8.
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Neowise Technologies joins forces with Kalandri Capital to co-create credi
Updated : 4 years, 8 months ago IST
Mumbai (Maharashtra) [India], July 5 (ANI/BusinessWire India): Neowise Technologies, aspiring to be a credit led digital banking platform co-founded by Rohit Ramachandran and Siddarth Padmanabhan, recently partnered with Kalandri Capital Pvt. Ltd, an RBI licensed NBFC.
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India's current account balance records deficit of USD 8.1 billion for Mar
Updated : 4 years, 8 months ago IST
New Delhi [India], June 30 (ANI): India's current account balance (CAB) recorded a deficit of USD 8.1 billion for the fourth quarter of the financial year 2020-21, which is 1 per cent of the Gross Domestic Product (GDP), according to data released by Reserve Bank of India on Wednesday.
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GST has reduced rate at which people have to pay tax: Nirmala Sitharaman
Updated : 4 years, 8 months ago IST
New Delhi [India], June 30 (ANI): Union Finance Minister Nirmala Sitharaman on Wednesday said that the Goods and Services Tax (GST) has reduced the rate at which people have to pay tax and the GST rate at present is only 11.6 per cent.
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Industry leaders expect major uplift in market sentiment in 2021-22 despit
Updated : 4 years, 9 months ago IST
New Delhi, (Delhi), [India], June 22 (ANI/NewsVoir): Despite the setback suffered on the economic front due to the onslaught of COVID-19 pandemic, there are some signs of the revival of economic activities as the country has entered the unlock phase. The industry has also derived its optimis
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Dvara KGFS receives the long-term rating of 'ACUITE A-' by Acuite Ratings
Updated : 4 years, 9 months ago IST
Chennai (Tamil Nadu) [India], June 21 (ANI/NewsVoir): Acuite Ratings & Research Limited, a SEBI registered and RBI accredited credit rating agency, assigns the long-term rating of 'ACUITE A-' (read as ACUITE A minus) on the facilities of Dvara Kshetriya Gramin Financial Services Private
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