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BusinessToday.In
New Delhi, September 3, 2018
Payments banks can only accept deposits of up to Rs 1 lakh per customer in a savings/current account.


BusinessToday.In
New Delhi, September 3, 2018
Bankers said that the jump in transactions was driven by wider adoption and users repeatedly choosing to use UPI for their payments activities.


Danny D'Cruze
September 3, 2018
India Post Payments Bank is finally operational and with it comes one of the biggest banking entity in the country, giving existing Payments Bank like Paytm and Airtel a run for their money.


Sonal Khetarpal
New Delhi, September 3, 2018
The pay gap between female and male employees not only exists but also increases as they advance in their careers. What can be done to reverse the trend?


Ankit Kumar
New Delhi, August 30, 2018
Nirav Modi set up over 20 shadow companies, mostly in UAE and Hong Kong, to hide his loan money trail. Interestingly, the owners of all these shadow companies were the employees of his main company, Firestar Diamond.


BusinessToday.In
New Delhi, August 30, 2018
Cash savings as a percentage of gross national disposable income (GNDI) surged to 2.8% in the last fiscal, according to preliminary data released by the apex bank.


BusinessToday.In
New Delhi, August 30, 2018
The central bank is believed to be squeezing the supply of the Rs 2,000 note to prevent black money hoarders from hoarding the higher-value currency. Large value currency notes are easier to hoard, and can be used for the proliferation of black money.


BusinessToday.in
New Delhi, August 30, 2018
Rupee hits record low of 70.82, falls 23 paise against US dollarThe rupee on Thursday extended losses for the fourth consecutive session and plunged to an all-time intra day low against the US dollar on strong month-end dollar demand from oil importers and foreign fund outflows. The currency fell 23 paise to hit a new record low of 70.82 per dollar. The slide was triggered by factors such as crude prices hitting multi-month highs fuelled by supply shocks along with concerns over ...


PTI
August 29, 2018
The nationwide launch would take place in 650 branches and 3,250 access points on September 1. Prime Minister Narendra Modi would launch IPPB in Delhi.


BusinessToday.In
New Delhi, August 29, 2018
Because of demonetisation, of the total fake notes detected, the share of such notes detected at the RBI was higher at 36.1 per cent in 2017-18 as compared to 4.3 per cent during the previous year.


Nidhi Singal
New Delhi, August 28, 2018
For online merchants, Google Pay will be supported at over 2000 online apps and sites including Goibibo, FreshMenu, Nykaa, Redbus, BookMyshow and Uber.


BusinessToday.In
August 28, 2018
As Kerala comes to terms with worst ever floods in nearly a century, the contribution to chief minister's distress relief fund (CMDRF) has clocked Rs 713.92 crore in just a fortnight.


BusinessToday.In
New Delhi, August 28, 2018
The company has announced that users will now be able to avail instant loans using Google Pay app. It has tied up with private lenders like HDFC Bank, ICICI Bank, Federal Bank and Kotak Mahindra Bank to offer customised loans, which will involve minimum paperwork.


PTI
August 26, 2018
The government has introduced a single application form for foreign investors to enter into the domestic capital market as part of the exercise to improve ease of doing business.


PTI
August 26, 2018
The RBI circular asks banks to identify projects with even a day's default as stressed assets, and conclude resolution proceedings in 180 days. The circular came into effect on March 1 and the 180-day deadline concludes on August 27.


BusinessToday.In
August 24, 2018
The SBI advisory to its customers asking them to replace their cards is in line with the RBI directive that all magstripe cards will have to be exchanged with EMV chip cards by the end of this year.


BusinessToday.In
August 23, 2018
Air India is on the brink of defaulting on bank loan repayments, so the aviation ministry has sought Rs 500 crore from the finance ministry on an urgent basis.


PTI
New Delhi, August 22, 2018
Major indicators that driving GVA in Q1 FY19 are cement production, passenger traffic, sale of both commercial vehicle and passenger vehicles, non-food credit growth and aircraft movement among others.


PTI
New Delhi, August 22, 2018
This missive comes in the light of arrest of Bhushan Steels erstwhile promoter Neeraj Singal by the Serious Fraud Investigation Office (SFIO) for allegedly siphoning off funds.


PTI
New Delhi, August 21, 2018
IPPB will leverage reach of 1.55 lakh post office branches to provide banking and financial service to people in rural areas. This will create the country's largest banking network with direct presence at village level.


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