Latest News for: New delhi bank

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US sanctions on Indian firm may abort Delhi’s plans to resume purchase of Iranian crude

Financial Express 02 Oct 2022
New Delhi ... Moscow had offered New Delhi rupee-rouble trade using Russia’s messaging system SPFS. On its part, the Reserve Bank of India (RBI) had in July notified a new mechanism to settle international trade in rupees to reduce the depreciation of the domestic currency against the dollar.
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Regional rural banks with Rs 300-cr networth to be allowed to list

Financial Express 02 Oct 2022
Currently, the country has 43 RRBs that are backed by 12 state-run banks (sponsor banks). Usually, the central government holds 50% in RRBs, while the relevant sponsor banks and state governments hold 35% and 15%, respectively. New Delhi ... More banks raise MCLR, deposit rates post RBI policy.
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‘PNB eyes double-digit credit growth this fiscal’ | Mint

Live Mint 02 Oct 2022
NEW DELHI . On top of the challenges of the last two pandemic years, Punjab National Bank (PNB) also had to contend with the amalgamation of two state-run banks ... How has been the bank’s performance so far, and what is the outlook for the current fiscal? ... What is the focus of the bank for the next few years? MINT PREMIUM See All.
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India's Central Bank Raises Repurchase Rate By 50 Basis Points

MENA FN 01 Oct 2022
(MENAFN - Emirates News Agency (WAM)) New Delhi, 30th September 2022 (WAM) -- India's Central Bank, the Reserve Bank of India (RBI), today raised its repurchase rate by 50 basis points, which will ... .
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Rich in language! This bank at Delhi University has 1 lakh sentences in Sanskrit and English

The Times of India 01 Oct 2022
NEW DELHI. Teachers and research scholars of Sanskrit from different colleges of Delhi University have created a bank of 1 lakh sentences in Sanskrit and English ... “This will help in taking Sanskrit to a whole new level.
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RBI cuts FY23 GDP growth forecast to 7% from 7.2%

The Times of India 01 Oct 2022
NEW DELHI. The Reserve Bank of India () on Friday cut its GDP growth forecast for 2022-23 to 7% from the earlier 7.2%, citing the impact of the geopolitical tensions, tightening global financial conditions and slowing external demand, but retained the inflation projection at 6.7%.
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Thirteen companies sign pact to use Centre’s new logistics platform: Govt | Mint

Live Mint 01 Oct 2022
NEW DELHI. The Union government on Saturday said that about 13 organizations including Yes Bank and MapMyIndia have signed a non-disclosure agreement (NDA) to access data on the Unified Logistics Interface Platform (ULIP) launched under the national logistics policy.
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New rules for debit, credit cards begin with tokenisation today, All you need to know

Beijing News 01 Oct 2022
New Delhi , October 1 (ANI). The Reserve Bank of India (RBI) has made it mandatory for all credit and debit card data used in online, point-of-sale, and in-app transactions to be replaced with unique tokens by September 30 this year ... the new norms which will set in from October 1.
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New rules for debit, credit cards begin with tokenisation today

The Siasat Daily 01 Oct 2022
New Delhi. The Reserve Bank of India (RBI) has made it mandatory for all credit and debit card data used in online, point-of-sale, and in-app transactions to be replaced with unique tokens by September 30 this year ... is ready for the new norms which will set in from October 1.
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From Oct 2, PSBs to begin drive to fill backlog in SC vacancies: NCSC Chairman ...

Indian Express 30 Sep 2022
Sampla further said that the banks will send a report on reservation policy, about recruitments and coverage of SC beneficiaries in all the schemes, and submit the progress of all the schemes to the NCSC, twice every year ... The banks will review the data of all the loans that were approved but not disbursed and analyse the gap.Delhi News ... delhi.
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Bond yields seen tad lower on marginal borrowing cut; RBI decision key

Financial Express 30 Sep 2022
Indian government bond yields are expected to open marginally lower on Friday, after New Delhi slightly trimmed its planned borrowing, although the Reserve Bank of India’s (RBI) policy decision due later in the day would dictate further moves ... New Delhi aims to raise 330 ...
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India raises interest rate to 5.90% to tame inflation

San Francisco Chronicle 30 Sep 2022
NEW DELHI (AP) — India’s central bank on Friday raised its key interest rate by 50 basis points to 5.90% in its fourth hike this year and said developing economies were facing challenges of slowing growth, elevated food and energy prices, debt distress and currency depreciation.
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‘Big impact’: UK economic chaos, pound plunge hit businesses

The Associated Press 30 Sep 2022
NEW DELHI (AP) — India’s central bank on Friday raised its key interest rate by 50 basis points to 5.90% in its fourth hike this year and said developing economies were facing challenges of slowing growth, elevated food and energy prices, debt distress and currency depreciation.
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RBI encourages state refiners to cut spot dollar buying: Report

The Times of India 30 Sep 2022
NEW DELHI. The Reserve Bank of India (RBI) is encouraging state-run refiners to reduce dollar buying in the spot market to contain a sharp fall in the rupee, two sources said, adding they have been asked to lean on a special credit line instead ... Banks participating in the ...
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Explained: How RBI rate hike may impact your EMIs

The Times of India 30 Sep 2022
NEW DELHI. The Reserve Bank of India's (RBI) decision to raise benchmark lending rates yet again may hit consumer's buying sentiments just ahead of the festive season in the country ... As a result, monetary policy transmission by banks has gained traction. Banks obtain funds from RBI at the fixed repo rate ... NEW DELHI.

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