Banking In India
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RBI bars Paytm Payments Bank from getting new customers
The central bank also told the payments bank to hire a firm to conduct an audit of its information technology system.
Scroll Staff
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Many Indian districts lack banking facilities despite high economic activity, says finance minister
Nirmala Sitharaman said the country needs at least four to five lenders like the State Bank of India to meet the requirements of the economy.
Scroll Staff
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From October, RBI to penalise banks if ATMs run out of cash for over 10 hours a month
Banks and non-banking entities operating the machines will have to pay a penalty of Rs 10,000 per ATM.
Scroll Staff
Trending
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Listening to 41 Modi interviews: Few tough questions, no rebuttals, no fact checks
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May global fiction: Six hot-off-the-press books to take you on a world literary tour
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What a regal South Indian ornament in a famous Rossetti painting tells us about the British Raj
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In heated Maharashtra poll battle, Uddhav Thackeray emerges as Opposition alliance’s strike weapon
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Why there should be no place for a ‘Brahmin conference’ at Indian universities
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RBI allows banks to increase charges for ATM withdrawals
The new charges will be effective from January 1, 2022.
Scroll Staff
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Bank employees continue strike against privatisation, warn it may extend like farmers’ protest
All India Bank Officers Association General Secretary Sowmya Dutta said the Narendra Modi government’s policies will have an adverse effect on the economy.
Scroll Staff
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Bank strike: Services affected after employees begin two-day protest against privatisation
Services such as cash withdrawals, deposits, cheque clearing and business transactions were impacted across the country.
Scroll Staff
Video
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Eco India, Episode 260: Can technology's societal benefits extend to environmental sustainability?
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Video: How free and fair are Indian elections today?
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Watch: Aishwarya Rai Bachchan walks the Cannes red carpet with an injured arm
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Watch: Meet Figaro, the curious cat who loves to ‘help’ her human making pottery
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Watch: Messi, the dog from ‘Anatomy of a Fall’, walks the red carpet at the Cannes Film Festival
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RBI governor asks banks to remain vigilant, strengthen lending capacity
Shaktikanta Das held a two-day meeting on December 22 and 23, with managing directors and chief executive officers of various banks.
Scroll Staff
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RBI asks HDFC Bank to stop sourcing new credit cards, halt digital launches amid technical glitches
The RBI also asked the HDFC Bank board to examine the technical lapses in its operating systems and fix accountability.
Scroll Staff
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Cabinet approves Lakshmi Vilas Bank merger with DBS Bank, lifts restrictions on withdrawals
The private bank was put under a one-month moratorium by the Reserve Bank of India on November 17.
Scroll Staff
The Reel
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‘Chandu Champion’ trailer: Kartik Aaryan in biopic of Paralympic gold medalist Murlikant Petkar
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‘It Ends With Us’ trailer: Blake Lively stars in drama about an abusive relationship
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‘Thalaimai Seyalagam’ review: Overcooked and unsavoury
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‘Kartam Bhugtam’ review: Lots of sowing but little reaping
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‘Baahubali: Crown of Blood’ review: More of the same, only in animation
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‘Centre misusing RBI to push its agenda,’ says P Chidambaram on plan to allow corporates in banking
The Congress leader said the proposal would undo the efforts made in the last 50 years to free the banking sector from the control of business houses.
Scroll Staff
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Raghuram Rajan criticises RBI’s plan to allow corporates in banking sector
Rajan and former RBI Deputy Governor Viral Acharya pointed out that the central bank made the proposal despite expert advice against it.
Scroll Staff
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Despite no impact on income, many Indian borrowers chose to halt loan repayments
The moratorium scheme was part of a Covid-19 relief package aimed at reducing the financial burden on Indian households.
Prathamesh Mulye, Qz.com
The Field
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IPL 2024: Royal Challengers Bengaluru beat Chennai Super Kings to take the final playoffs spot
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Badminton, Thailand Open Super 500: Satwik-Chirag enter fourth final; Tanisha-Ashwini exit
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Boxing, Elorda Cup: Nikhat Zareen, Minakshi secure gold medals for India
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Shooting, Olympic Trials: Sift Kaur Samra, Niraj Kumar win 50m Rifle 3 Positions event
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IPL 2024: Mumbai Indians end forgetful season in last place after loss to Lucknow Super Giants