Rupee slides, bond yields rise as MPC meets tomorrow on deciding rates
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The rupee was at 74.53 a dollar at 11.40am, down from its previous close of 74.31, as the dollar index crossed 94: its highest level since November 2020
Rupee slips 5 paise to 74.17 against the US dollar in early trade
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The Indian rupee declined 5 paise to 74.17 against the US dollar in opening trade on Monday, in line with its Asian peers amid the strengthening of the American currency in the overseas market
Private sector lender Federal Bank on Sunday said it has posted a 10 per cent growth in advances at Rs 1,37,309 crore for the second quarter ended September 30.
Google halts plans for Google Pay-based banking service: Report
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The service was supposed to let users sign up for checking or savings accounts offered by a variety of traditional banks that the user would then manage through the app
Debt-ridden IL&FS statutory auditor SRBC & Co resigns
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Debt-ridden Infrastructure Leasing & Financial Services (IL&FS) has said its statutory auditor SRBC & Co has resigned with effect from September 28, 2021.
«M/s SRBC and Co. LLP will be ineligible to continue as auditors of the Company for the financia
J&K Bank gets shareholders' nod to raise up to Rs 2,000 cr via equity, debt
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Jammu and Kashmir Bank on Friday said it has received shareholders' nod to raise up to Rs 2,000 crore through equity and debt to fund its business.
The shareholders at the annual general meeting on Friday approved the plan to raise equity and debt capital o
Rupee slumps 12 paise to 74.35 against US dollar in early trade
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The Indian rupee declined 12 paise to 74.35 against the US dollar in opening trade on Friday, tracking strength of the American currency in the overseas market and a muted trend in domestic equities
In Focus: Will your recurring payments fail from today?
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The Reserve bank of India's latest rules on auto-debit transactions come into force from today. What will change for the consumers? Will their recurring payment mandates fail? Let's find out
Bank holidays in October 2021, India: List of days when banks will be shut
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List of bank holidays in October, 2021: All private and government sector Banks to remain closed for 21 days in the month of October. Check details below
IFSCA constitutes panel for development of sustainable finance hub
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The International Financial Services Centres Authority (IFSCA) on Thursday set up an expert panel headed by former Enviornment and Forest Secretary C K Mishra to suggest a framework to develop a world-class sustainable finance hub at IFSC.
India aspires to b
Foreign exchange reserves rise $34.1 bln in June quarter: RBI data
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The country's foreign exchange reserves in nominal terms, including valuation effects, increased by USD 34.1 billion during the June quarter compared to $27.9 bn in year-ago period, RBI data showed
Dhanlaxmi Bank shareholders reject appointment of statutory auditor
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Dhanlaxmi Bank on Thursday said its shareholders have rejected the appointment of statutory auditor P B Vijayaraghavan & Co.
The bank had listed four agendas at its annual general meeting held on Wednesday (September 29), of which two were passed.
The share
FinMin suggests holding clerical exams for PSBs in regional languages
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The finance ministry has suggested the Institute of Banking Personnel Selection to hold clerical recruitment exam for public sector banks (PSBs) in 13 regional languages along with English and Hindi
NPCI looks at $1 trillion worth of transactions through UPI on annual basis
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The National Payments Corporation of India (NPCI) is looking at $1 trillion worth of transactions through UPI on an annual basis, as digital payments are progressing in the country
SBI signs pact with 3 NBFC-MFIs for co-lending to joint liability groups
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The agreement is for co-lending to individual members of JLGs to undertake agriculture and allied activities including other income generation activities
IndusInd Bank invokes pledge on Ichamati's 5 mn shares in Mcleod Russel
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Private sector IndusInd Bank on Wednesday said it has acquired a 4.79 per cent stake in embattled tea plantation firm McLeod Russel India by invoking 5 mn pledged shares of the company
Banks disburse Rs 7,500 cr under Credit Guarantee Scheme for microfinancing
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Banks have fully utilised Rs 7,500 crore under the Credit Guarantee Scheme for Micro Finance Institutions (MFIs) to benefit the smallest of the borrowers, the finance ministry said on Wednesday.
