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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Why BJP leaders’ comments on study about Muslim population in India are misleading
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In Sambhal, Muslims allege UP police stormed booths, snatched IDs and beat up voters on polling day
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The numbers show the idea of Muslim population explosion is nothing but political propaganda
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These innovations have made Amrik Sukhdev Dhaba in Murthal the truck drivers’ favourite since 1967
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Memoir: Human rights lawyer Nandita Haksar recalls her understanding of feminism as a young woman
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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: Students in Pakistan enact moments from Anant Ambani and Radhika Merchant’s pre-wedding event
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‘Hind’s Hall’: Rapper Macklemore releases poignant song in support of Palestine, US campus protests
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Met Gala 2024: From Alia Bhatt to Isha Ambani, what Indians in attendance wore
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Watch: South Korean band performs Rabindra Sangeet accompanied by traditional Korean instruments
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Watch: This man fused hip-hop with Bharatnatyam to dance to Shakira’s ‘Hips Don’t Lie’
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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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‘Murder in Mahim’ review: A crime as unjust as wrongful death
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‘Srikanth’ review: An inspiring tale of remarkable achievement
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‘The Boy and the Heron’ review: An animation legend rolls out enchantment and emotional resonance
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Watch: Politics, ambition and crime in Vasantha Balan’s ‘Thalaimai Seyalagam’
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How the fantasy film ‘Pathala Bhairavi’ heavily influenced Telugu cinema
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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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Table Tennis, Saudi Smash: Manika Batra’s dream run ends in quarter-finals
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Athletics, Doha Diamond League 2024: Neeraj Chopra, Kishore Jena open season – All you need to know
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IPL 2024: Virat Kohli stars as Bengaluru beat Punjab to stay in hunt for playoff spot
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India tour of Bangladesh: Radha Yadav stars in fifth T20I as visitors sweep series
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Athletics, Doha Diamond League 2024: In Olympic year, Neeraj Chopra keen to lay down the marker