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Equitas SFB, Cholamandalam MS for women-centric health insurance policy

Equitas Small Finance Bank (SFB) on Monday said it has tied up with Cholamandalam MS General Insurance to launch a women-centric health insurance policy Chola Sarva Shakti.
Finance

Equitas SFB, Cholamandalam MS for women-centric health insurance policy

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As many as 41,177 posts vacant at public sector banks: Govt

State Bank of India had the maximum number of vacant posts at 8,544, according to official data
Finance

As many as 41,177 posts vacant at public sector banks: Govt

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Rupee gains 15 paise to 75.63 against US dollar in early trade

The rupee appreciated 15 paise to 75.63 against the US dollar in opening trade on Monday, tracking a positive trend in domestic equities. However, surging crude prices in the international market and unabated foreign capital outflows capped the appreciation
Finance

Rupee gains 15 paise to 75.63 against US dollar in early trade

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Processed 1 bn transactions last month, offline payments up 200%: PhonePe

Digital payments major PhonePe on Monday said offline merchant transactions on its platform have shown 200 per cent growth since last year.
Finance

Processed 1 bn transactions last month, offline payments up 200%: PhonePe

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Fintech leading India's banking revolution but it's hampered by old rules

The country's licensing policy for financial institutions is past its sell-by date. Innovative solutions are out there but require regulation.
Finance

Fintech leading India's banking revolution but it's hampered by old rules

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What does a scheduled bank status mean for Paytm Payments Bank?

After a choppy IPO debut, Paytm received the RBI nod to operate as a scheduled payments bank. How does it change things for the company? This report makes sense of Paytm Payments Bank's new status
Finance

What does a scheduled bank status mean for Paytm Payments Bank?

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RBI announces proposal to push UPI payments through feature phones

USSD 2.0, which facilitates UPI for feature phones, accounts for only 0.003 per cent of total UPI volumes and value transactions
Finance

RBI announces proposal to push UPI payments through feature phones

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Bank of Maharashtra slashes retail lending rates by up to 40 bps

Revised rates are linked to borrowers' credit score and come into effect on December 13
Finance

Bank of Maharashtra slashes retail lending rates by up to 40 bps

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Govt unlikely to announce capital infusion for PSU banks in Budget 2022-23

To augment their resources, banks would be encouraged to raise funds from the market and also by selling their non-core assets, they added.
Finance

Govt unlikely to announce capital infusion for PSU banks in Budget 2022-23

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Ashu Suyash to join Kotak Mahindra Bank's board as an independent director

Suyash's appointment, for five years, will be effective from Jan 24, 2022
Finance

Ashu Suyash to join Kotak Mahindra Bank's board as an independent director

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Entire loss of PMC Bank being thrust on depositors: Sahakar Bharati to RBI

Repay PMC depositors' money in 5 years and pay at least 6% interest per annum, the umbrella body of co-operative organisations tells RBI
Finance

Entire loss of PMC Bank being thrust on depositors: Sahakar Bharati to RBI

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State Bank of India raises Rs 3,974 crore capital through AT1 bonds

Union Bank is likely to hit the market next week with AT1 bond issue of Rs 1,500 crore
Finance

State Bank of India raises Rs 3,974 crore capital through AT1 bonds

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India's forex reserves decline $1.783 billion to $635.905 billion

India's foreign exchange reserves declined for the second consecutive week, ending USD 1.783 billion down at USD 635.905 billion for the week ended December 3, RBI data showed on Friday.
Finance

India's forex reserves decline $1.783 billion to $635.905 billion

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RBI enforces 20-digit LEI for cross-border deals above Rs 50 crore

The Legal Entity Identifier (LEI) number is used to uniquely identify parties to financial deals worldwide to improve quality and accuracy of financial data systems
Finance

RBI enforces 20-digit LEI for cross-border deals above Rs 50 crore

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Rupee drops by 18 paise to 75.78 against dollar on forex outflows

The rupee dropped by 18 paise to an over 16-month low of 75.78 on Friday amid consistent foreign fund outflows and growing concerns about inflation. At the interbank foreign exchange market, the rupee opened lower at 75.65 a dollar and later tanked to the da
Finance

Rupee drops by 18 paise to 75.78 against dollar on forex outflows

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Rupee declines by 8 paise to trade at 16-month low level of 75.68

The rupee declined further by 8 paise to a fresh 16-month low level of 75.68 in early trade on Friday due to continued foreign found outflows and losses in the stock market.
Finance

Rupee declines by 8 paise to trade at 16-month low level of 75.68

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Paytm Payments Bank gets RBI approval to operate as scheduled bank

After the announcement, Paytm's share price rose 2.62 per cent to close at Rs 1,594.55 apiece.
Finance

Paytm Payments Bank gets RBI approval to operate as scheduled bank

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Nasscom makes recommendations to RBI on Card-on-File tokenisation

BIN ranges are required to identify if EMI is supported by a card network or not. BIN ranges also help in identifying routing of a transaction.
Finance

Nasscom makes recommendations to RBI on Card-on-File tokenisation

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Top headlines: Farmers call off protest; WHO advisory on booster shots

Business Standard brings you the top stories on Thursday
Finance

Top headlines: Farmers call off protest; WHO advisory on booster shots

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Rupee tanks to 16-month low of 75.60 against dollar on forex outflows

Meanwhile, oil prices were lifted by optimism that the Omicron mutation might not have a significant impact on oil demand
Finance

Rupee tanks to 16-month low of 75.60 against dollar on forex outflows

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Indian rupee slips to 75.53 against US dollar on Omicron concerns

Unabated foreign fund outflows weighed on investor sentiments, traders said
Finance

Indian rupee slips to 75.53 against US dollar on Omicron concerns

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Paytm Payments Bank receives scheduled bank status from RBI

Paytm Payments Bank had over 64 million savings accounts and over Rs 5,200 crore deposits, at the end of March this year
Finance

Paytm Payments Bank receives scheduled bank status from RBI

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Inflation vs growth: Shaktikanta Das encounters old challenges in new term

Having kept the main interest rates steady on Wednesday, Das starts his next three-year term Dec. 11 with some in the bank already calling for unwinding the ultra-loose policies.
Finance

Inflation vs growth: Shaktikanta Das encounters old challenges in new term

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RBI policy has steps for more inclusive, affordable banking: PNB MD

The measures announced in RBI's bi-monthly monetary policy are steps towards a more conducive, affordable and inclusive banking, Punjab National Bank MD and CEO said
Finance

RBI policy has steps for more inclusive, affordable banking: PNB MD

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Monetary policy committee: RBI holds key rates to boost recovery

Repo rate unchanged at 4% and reverse repo at 3.35%
Finance

Monetary policy committee: RBI holds key rates to boost recovery

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Non-life insurers' gross direct premium up 5.5% to Rs 15,743 cr in Nov

The 31 non-life insurance companies had written premiums worth Rs 14,919.43 crore in November 2020
Finance

Non-life insurers' gross direct premium up 5.5% to Rs 15,743 cr in Nov

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'May take several years to close wide output gap': RBI MPC

RBI Governor Shaktikanta Das and Deputy Governors Michael Debabrata Patra and T Rabi Sankar spoke to the media on several issues
Finance

'May take several years to close wide output gap': RBI MPC

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Households see rise in inflation in near- and medium-term: RBI survey

Meanwhile, consumer confidence continued to improve from the historic low recorded in July 2021, another survey released by the RBI said
Finance

Households see rise in inflation in near- and medium-term: RBI survey

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Need to ensure safety of CBDCs before introduction: RBI Governor

The main concern comes from the angle of cyber security and possibility of digital frauds, which merits more care before it is introduced, said RBI governor Shaktikanta Das
Finance

Need to ensure safety of CBDCs before introduction: RBI Governor

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Rupee recovered from lows to end nearly flat against US dollar

The rupee staged smart recovery from intra-day lows to close with a marginal 2 paise loss at 75.46 against the US dollar on Wednesday after the Reserve Bank left the key policy rate unchanged
Finance

Rupee recovered from lows to end nearly flat against US dollar

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RBI Policy: Subtle shift in growth-inflation balance

We foresee hikes of 25 bps each in the repo and reverse repo rates each in the April 2022 and June 2022 reviews
Finance

RBI Policy: Subtle shift in growth-inflation balance

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Omicron impact concern forces RBI to keep reverse repo rate unchanged

Variable rate reverse repo auction seems to be the central bank's mode to fine tune excess liquidity.
Finance

Omicron impact concern forces RBI to keep reverse repo rate unchanged

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Banks can infuse capital in overseas branches without RBI approval

RBI said banks will be allowed to infuse capital in their overseas branches as well as repatriate profits without seeking its prior approval
Finance

Banks can infuse capital in overseas branches without RBI approval

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Reserve Bank retains GDP growth forecast for current fiscal year at 9.5%

RBI retained the GDP growth forecast at 9.5 per cent for the current fiscal but cautioned that the economic recovery is not yet strong enough
Finance

Reserve Bank retains GDP growth forecast for current fiscal year at 9.5%

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Retail inflation expected to be around 5.3% during FY22: Reserve Bank

The Reserve Bank of India (RBI) on Wednesday said the retail inflation is expected to be around 5.3 per cent during the current fiscal year.
Finance

Retail inflation expected to be around 5.3% during FY22: Reserve Bank

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RBI to have on-device wallets in UPI apps for small-ticket transactions

RBI proposed an «on-device» wallet in UPI apps aiming to conserve banking systems' resources without changing the transaction experience for the user.
Finance

RBI to have on-device wallets in UPI apps for small-ticket transactions

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RBI leaves key rates on hold amid Omicron risks; analysts weigh in

The committee held the lending rate, or the repo rate , at 4%. The reverse repo rate, or the key borrowing rate, was also maintained at 3.35%
Finance

RBI leaves key rates on hold amid Omicron risks; analysts weigh in

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RBI Monetary policy LIVE: Price pressures may persist in immediate term

RBI Monetary policy LIVE updates: RBI announcement comes amid the threat surrounding Omicron coronavirus variant. Stay tuned for all the LIVE updates
Finance

RBI Monetary policy LIVE: Price pressures may persist in immediate term

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Rupee slides 5 paise to 75.49 against US dollar in early trade

The rupee declined 5 paise to 75.49 against the US dollar in opening trade as persistent foreign fund outflows kept the pressure on the local unit
Finance

Rupee slides 5 paise to 75.49 against US dollar in early trade

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