Bank
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Silicon Valley Bank's fall causes shockwaves across world; will it impact Indian startup ecosystem?
Business | Mar 12, 2023, 12:35 PM ISTSilicon Valley Bank collapse: Silicon Valley Bank was badly affected by the Federal Reserve's aggressive plan to raise interest rates to combat inflation along with the decline in technology stocks over the past year.
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Banks likely to be closed every Saturday; IBA mulling over five-day work week for bank employees
Business | Mar 13, 2023, 05:31 PM ISTBank Holidays: Indian Banks Association (IBA) is reviewing a proposal for a five-day work week, which would include Saturdays. This proposal, submitted by bank unions, could lead to an increase in bank holidays across the year.
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RBI puts 6 months withdrawal restrictions on five bank co-operative banks - Details
India | Feb 25, 2023, 06:45 PM ISTCustomers of HCBL Co-operative Bank, Lucknow; Adarsh Mahila Nagari Sahakari Bank Maryadit, Aurangabad; and Shimsha Sahakara Bank Niyamitha, Maddur, Mandya District in Karnataka cannot withdraw funds from their accounts due to their current liquidity position.
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RBI issues draft guidelines for minimum capital requirements for market risk
Business | Feb 19, 2023, 01:00 AM ISTIndia's central bank, the Reserve Bank of India (RBI), has released draft guidelines for minimum capital requirements for market risk in a move to align banking regulations with Basel III standards.
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Vodafone Idea in talks with Indian banks, lenders to refinance loans worth Rs 3,000-4,000 crore
Business | Feb 13, 2023, 03:51 PM ISTVodafone Idea is currently engaged in discussions with banks to refinance loans worth Rs 3,000–4,000 crore. This will allow Vodafone Idea to pay loans to Indus Towers, Nokia, and Ericsson more quickly.
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Banks raise record Rs 91,500 crore in debt capital in FY23 so far: Report
Business | Jan 09, 2023, 06:50 PM ISTGross bond issuances by banks is estimated to reach Rs 1.3-1. 4 lakh crore this fiscal as debt sales have already hit record high of Rs 0.915 lakh crore, surpassing the previous high of Rs 0.8 lakh crore in FY17, Icra Ratings said.
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76% Indians prefer to make payments through UPI: Know-why
Technology | Nov 01, 2022, 12:24 PM ISTAs per the data by the National Payments Corporation of India (NPCI), the volume of transactions rose 85 per cent and value 67.85 per cent year-on-year (YoY). Around 72 per cent of those surveyed said they now consider discounts and offers as the major driver of their buying behaviour.
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PM Modi inaugurates 75 'digital banking units' across 75 districts
India | Oct 16, 2022, 12:18 PM ISTDigital banking units inauguration: As part of Union budget 2022-23, Finance Minister Nirmala Sitharaman had announced the setting up of the 75 DBUs in as many districts of the country to commemorate 75 years of India's Independence.
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Maharashtra's Laxmi Co-operative Bank license cancelled, depositers can claim up to THIS much amount
Business | Sep 23, 2022, 04:31 PM ISTMaharashtra's Laxmi Co-operative Bank will cease to carry on banking business, with effect from the close of business on September 22, 2022, a statement from RBI said.
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Bank robbed at gunpoint in Jamshedpur, robbers posed as officers of investigating agency
Crime | Aug 18, 2022, 02:17 PM ISTThe accused escaped with lakhs of rupees after locking the bank from outside, police said.
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Bank Holidays August 2022: Banks to remain shut for 18 days; Check dates
India | Aug 03, 2022, 12:01 PM ISTAccording to the list, the banks will not be open for a total of 12 days in August 2022. With weekend leaves included, the total number of bank holidays ends up reaching 18 days.
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ICICI Bank raises lending rate by 15 bps
Business | Aug 01, 2022, 02:59 PM ISTThe rate hike comes ahead of the RBI's Monetary Policy Committee (MPC) meeting later this week. It is widely expected that the MPC would hike interest rates to tame high inflation.
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Here’s how merchants can avail instant business loans from Paytm
Technology | Mar 12, 2022, 08:15 AM ISTIn Q3 FY22, merchant Loans disbursed through Paytm grew 38% Y-o-Y, while the value of Merchant Loans grew 128% Y-o-Y.
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Person availing services of bank for 'commercial purpose' is not consumer: Supreme Court
India | Feb 23, 2022, 02:16 PM ISTThe Supreme Court said the Consumer Protection (Amendment) Act, 2002 clearly states that the legislative intent is to keep the commercial transactions out of the purview of the said Act.
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PM Modi addresses bank deposit insurance programme, says - insurance cover was enhanced from Rs 1 lakh to Rs 5 lakh
News | Dec 12, 2021, 02:20 PM ISTPrime Minister Narendra Modi on Sunday addressed the function on 'Depositors First: Guaranteed Time-bound Deposit Insurance Payment up to Rs 5 Lakh' in Vigyan Bhawan, Delhi.
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SBI PO Prelims 2021 admit card released: Direct link, steps to download
Jobs | Nov 10, 2021, 08:04 AM ISTSBI PO Prelims is scheduled to be held on November 20, 21 and 27. Download hall ticket at sbi.co.in
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IBPS Clerk 2021 registration begins tomorrow: Check vacancies, eligibility criteria, selection proce
Jobs | Oct 06, 2021, 06:06 PM ISTIBPS Clerk application process will commence on October 7. Candidates can apply at ibps.in
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SBI PO Recruitment 2021: Application process begins; vacancy details, selection process, pay scale
Jobs | Oct 05, 2021, 11:16 AM ISTThe recruitment drive will be conducted for 2056 vacancies in the organisation, the candidates can apply on the official website- sbi.co.in till October 25
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SBI SCO admit card 2021 released, how to download
Jobs | Sep 17, 2021, 12:30 PM ISTThe specialist cadre officers (SCO) exam will be held on September 25. Download SCO admit card on the official website- sbi.co.in
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Bank guard arrested in accidental firing case in UP's Muzaffarnagar
India | Sep 17, 2021, 11:58 AM IST3 customers- Rubina, Gaurav and Manu- of the bank were injured in accidental firing, police said, adding that a case was registered against the guard.