This directive means that a portion of the substantial dollar purchases made by companies will be absorbed by banks and temporarily remain on their balance sheets, thereby mitigating some of the downward pressure on the depreciating yuan
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Philip Berlinski, who serves as the bank's treasurer, will assume responsibility for the day-to-day management of the transaction banking division in collaboration with Akila Raman and Luc Teboul
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HSBC has shifted its rating on Avenue Supermarts from 'hold' to 'buy' and raised the target share price to Rs 4,600 per share, up from the previous Rs 4,000
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Edtech powerhouse Eruditus seeks USD150 Mn funding, attracts interest from leading investors for secondary round
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Banks are required to display this procedure on their websites, along with other relevant policies and procedures for customer information
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The Reserve Bank of India has implemented new guidelines to standardise the release of movable and immovable property documents upon full repayment of personal loans within 30 days
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This action was taken by the RBI following an examination in January 2019 that uncovered a lack of adherence to specified directives, ultimately resulting in the registration being revoked without giving specific reasons
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Favorable base effect and calming food prices drive optimism in economic outlook
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