UPI transactions cross 1,000 crore milestone in August
The Unified Payments Interface (UPI) network breached the milestone of 1,000 crore transactions per month in August 2023, processing a record
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Category: Banking & Financial Services
PSB Alliance to expand doorstep banking services to 6,800 centres
PSB Alliance Pvt Ltd, a company set up by public sector banks, plans to ramp up the coverage of its
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RBI Governor Shaktikanta Das leads global central bankers in A+ rating for inflation control and economic growth in 2023
Reserve Bank of India Governor Shaktikanta Das is among three central bank chiefs to earn an “A+” grade in the
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Jet Airways founder Naresh Goyal arrested in ₹538 crore bank fraud money laundering case
The Enforcement Directorate late Friday night arrested Jet Airways founder Naresh Goyal in a money laundering case linked to an
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Bajaj Auto’s arm gets RBI nod to commence NBFC operations
Bajaj Auto Consumer Finance, the wholly-owned subsidiary of Bajaj Auto, has received the Certificate of Registration from the RBI to commence the business
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CoinSwitch launches API trading
Cryptocurrency exchange CoinSwitch has introduced API (application programming interface) trading on CoinSwitch PRO. Traders can automate trade executions round the
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Bank credit growth falls 14.8% in July
Bank credit growth declined to 14.8 per cent year-on-year (y-o-y) in July 2023 when compared to 15.1 per cent a year
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Term deposit interest trends: More depositors opting for 6 to 8% rates
The share of term deposits bearing less than 6 per cent interest rate came down. In comparison, the percentage of
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Central Bank of India raises ₹1,500 cr via 10-year bonds at 8.80%
Central Bank of India raised ₹1,500 crore via Basel III-Compliant Tier II Bonds on private placement basis at a coupon
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MFs’ investment in NBFC CPs crosses ₹1 lakh crore for the first time since August 2019
Mutual funds’ investment in commercial papers (CPs) issued by non-bank financial companies (NBFCs) crossed the ₹1 lakh crore mark for
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