The RBI report further adds "Fast Payment System (FPS) collaboration with group of countries like EU and SAARC, as well as multilateral linkages will be explored".
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SEBI has outlined additional criteria for bank selection based on factors such as financials, net-worth, capital adequacy and creditworthiness, including long-term credit ratings
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This move closely follows the State Bank of India's (SBI) decision to increase interest rates on retail term deposits by 25-75 basis points for deposits up to one year
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The government had planned to issue Rs 12,000 crore worth of green bonds in the first half of the current financial year, diverging from the usual practice of issuing them in the latter half
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The value of gold (including gold deposits) held as assets by the Banking Department saw a 19.06 per cent increase, rising from Rs 2.31 trillion last year to Rs 2.75 trillion by 31 March 2024
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The IPO process is contingent upon obtaining approvals from the Reserve Bank of India (RBI) and the Department of Financial Services (DFS), according to the bank
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Government reforms lead to recovery of Over Rs 10 lakh crore in bad loans, highlighting significant banking sector improvements Since 2014
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Cybercrime is projected to cost the world around USD 17.65 trillion annually by 2025, with factors like anonymity and trans-border syndicates contributing to it
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