``Such forward contracts will enable long-term investors such as...
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Cyber security: RBI introduces ‘bank.in’ as exclusive internet domain for Indian banks
With increased instances of fraud in digital payments becoming a...
RBI cuts repo rate by 25 basis points to 6.25%,first in nearly 5 yrs
Sanjay Malhotra,Governor,Reserve Bank of India The Monetary Policy...
Sitharaman announces clearance to 3 key projects worth Rs 500 crore for IFSCA
Union Finance Minister Nirmala Sitharaman Union Finance Minister Nirmala Sitharaman underlined that the central government's commitment to make GIFT City a world-class fintech hub as stated in the Union Budget 2021-22 GIFT-IFSC is especially targeted towards companies...
PM Modi to inaugurate IFSCA’s InFinity Forum on December 3
IFSCA is a unified authority for the development and regulation of financial products, financial services and financial institutions in the International Financial Services Centres (IFSCs) in India. New Delhi; Prime Minister Narendra Modi will inaugurate the 'InFinity...
RBI recommends strict data protection in digital lending
The committee recommended that data collection should happen only with prior and explicit consent of the borrowers. "The thrust of the report has been on enhancing customer protection and making the digital lending ecosystem safe and sound while encouraging...
Global Indians focus on sustainability for investing in India:HSBC report
Sustainability plays a major role in investors' decision making, with more than three quarters (76 per cent) of global Indians saying environmental and social initiatives such as renewable energy and skills development are a key part of their decision making when...
The Great Reboot:Europe’s banks turn to fees to kick customers’ branch habit
"A main part of our business, taking deposits, is becoming a loss-making activity. What was once part of our core business and profits is now making losses," said Caixabank's CEO Gonzalo Gortazar last month. Charges on a debit card for non-loyal customers could rise...
Govt to soon clear list of independent directors for PSBS and insurance companies
Appointments Committee of the Cabinet headed by Prime Minister Narendra Modi makes all high-level appointments, including that of independent directors As per the Companies Act 2013, every listed public company shall have at least one-third of the total number of...
RBI initiatives will expand scope of investment in country: PM Modi
Prime Minister Narendra Modi The central theme of the scheme is based on 'One Nation-One Ombudsman' with one portal, one email and one address for the customers to lodge their complaints. There will be a single point of reference for customers to file their...
India set to become world’s fastest-growing economy, Finance Ministry report says
The report said, softening retail inflation and adequate liquidity in the market are also reflected in largely stable G-Sec and corporate bond yields since July 2021. New Delhi: Armed with necessary macro and micro growth drivers, India is on its way to becoming the...
DAS SAYS GDP TO CLIP AT 9.5% AS GROWTH IMPULSES STRONG
Reserve Bank Governor Shaktikanta Das Mumbai: Stating that growth impulses and the fast-moving economic indicators are strong, Reserve Bank Governor Shaktikanta Das on Wednesday exuded Crediting various measures taken by the government and RBI for the...
Fintech firms can check digital frauds: RBI Dy Guv Sankar
”Another area where fintech holds promise is to prevent digital frauds, which have become apparent as the pace of digital penetration has outstripped development of awareness,” he said. Citing data, he said incidents of digital frauds have risen during the pandemic.