The Reserve Bank emphasised it will endeavour to ensure a safe, sound and competitive financial system through its regulatory and supervisory initiatives
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Indians can now get remittance money from their foreign sources in a much easier way as IndusInd Bank has tied up with NPCI to facilitate cross-border money transfer by using UPI IDs of beneficiaries.
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He said the bank will stick to all the targets spelled out at the earning call in September, but conceded that microfinance lending is an area which requires more attention.
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His remarks assume significance against the backdrop of instances of prices of shares slumping steeply at the time of listing compared to the price at which they were sold in initial public offerings (IPOs).
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This appointment will allow CSB Bank to undertake general banking business of the central and state governments which may be entrusted by the RBI, the bank said
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Banking operations in West Bengal were severely affected for the second consecutive day as lakhs of employees and officers of public sector lenders continued their nationwide strike
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Employees of public sector banks went on two-day strike against the move to privatise public sector banks impacting normal banking operation across the country
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RBI Governor Shaktikanta Das on Sunday cautioned depositors to be careful while chasing high returns as it comes with higher risk.
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"There is no change in the growth and inflation projections of the RBI for the current fiscal despite changes in the macroeconomic scenario. That is indeed a positive sign," he added.
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RBI said banks will be allowed to infuse capital in their overseas branches as well as repatriate profits without seeking its prior approval
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