Banking And Finance
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RBI bans Kotak Mahindra Bank from adding new customers through online banking, issuing credit cards
The central bank said it had found deficiencies in the private bank’s information technology system.
Scroll Staff
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RBI extends deadline until March 15 for Paytm Payments Bank to stop fresh deposits, top-ups
The central bank said this was being done in view of the interests of customers, who may need more time to make alternative arrangements.
Scroll Staff
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RBI stops Paytm Payments Bank from accepting deposits in customer accounts after February 29
However, customers can continue to use the balance amount in their accounts without any restrictions.
Scroll Staff
Trending
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‘Panchayat’ Season 3 review: We’re back in Phulera but we’re not sure why
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The personal toll of political vitriol: A decade under Modi has torn apart families, friendships
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How Rukmini Devi Arundale modernised the Kalakshetra sari and made ‘Ahimsa silk’ fashionable
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Opinion: Gayatri Chakravorty Spivak and the democratic politics of pronunciation
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‘Why did Jamtara schools observe holiday on Friday instead of Sunday?’ asks Modi at Jharkhand rally
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RBI hikes risk weights on personal loans, credit cards
This would make it more expensive for lenders to offer certain kinds of loans as they would have to set aside more capital for them.
Scroll Staff
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Centre defers plan to levy 20% tax on purchases made abroad using credit cards
The decision was taken to give banks more time to prepare their systems, the finance ministry said.
Scroll Staff
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Four pieces of advice for Ajay Banga before he takes on the role of World Bank president
This is a crucial time for the World Bank, with calls for reform and sky-high expectations from its next leader.
Rachel Kyte, The Conversation
Video
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Watch: How the crew and passengers were evacuated from a plane after bomb scare in Delhi
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Video: How should India tackle its unemployment crisis?
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Watch: ‘The Garfield Movie’ screened specially for cats and their owners in Dubai cinema hall
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Cyclone Remal: Scenes of damage as heavy rain and storms batter parts of Bangladesh and West Bengal
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Watch: When the ‘All We Imagine As Light’ team danced on the red carpet before the Cannes screening
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Lessons from 19th century on how to fix the financial sector after Silicon Valley Bank’s collapse
New rules following a spate of bank failures in Britain could provide lessons for today’s regulators.
Lucy Newton, The Conversation & Victoria Barnes, The Conversation
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HSBC acquires Silicon Valley Bank’s UK arm for £1
The development took place three days after the US-based Silicon Valley Bank was shut down by regulators in California.
Scroll Staff
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India links UPI payment system with Singapore’s PayNow
This is the first-of-its-kind collaboration between two countries.
Scroll Staff
The Reel
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‘Panchayat’ Season 3 review: We’re back in Phulera but we’re not sure why
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Start the week with a film: In ‘Io Capitano’, a gripping tale of flight and fight
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The miraculous resurrection of Nirad Mohapatra’s Odia classic ‘Maya Miriga’
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Payal Kapadia’s Cannes Grand Prix shows why free expression is vital for FTII and other institutions
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Cannes Film Festival: Payal Kapadia is first Indian to win Grand Prix for ‘All We Imagine As Light’
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NRIs in 10 countries can now set up UPI on international mobile numbers
The countries are Singapore, Australia, Canada, Hong Kong, Oman, Qatar, the United States, Saudi Arabia, the United Arab Emirates and the United Kingdom.
Scroll Staff
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State Bank of India hikes lending rates by 0.1% for second time in a month, EMIs to get costlier
The move came nearly two weeks after the Reserve Bank of India raised its repo rate by 0.4% to 4.40%.
Scroll Staff
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State Bank of India raises lending rates by 0.1%, EMIs to get costlier
Following the State Bank of India’s move, Bank of Baroda, Axis Bank and Kotak Mahindra Bank also increased their benchmark lending rates.
Scroll Staff
The Field
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Badminton, Singapore Open Super 750: Satwik-Chirag, Aakarshi, Priyanshu all exit in opening round
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Boxing, World Olympic Qualifier: Nishant Dev enters pre-quarterfinals, Abhinash Jamwal exits
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Tennis, French Open: Rafael Nadal after first round loss – ‘I had tough moments, but I enjoyed’
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Tennis, French Open: Iga Swiatek makes winning start before Rafael Nadal bows out in opening round
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Tennis, French Open 2024: Merci Rafael Nadal