Tag: banking

RBI To banks: Accept coins of all denominations from public

Reserve Bank of India (RBI) has asked banks to accept coins of all denominations from people as not doing so will result in penal action. Despite of the early advisory send by RBI to All banks, people were still complaining that bank branches are not accepting coins. As per the Apex bank refusal to accept […]

RBI to set up Separate ombudsman for NBFCs

Reserve Bank of India (RBI) has made an announcement to set up ombudsman for NBFCs to address customer grievances in non-banking finance companies. The rules regarding this will be made by the end of February this month. RBI will first start the facility with NBFCs that take deposits and will soon increase the coverage by […]

NABARD Sanctioned Rs 372.51 crore Loan to Odisha

National Bank for Agriculture and Rural Development – NABARD Sanctioned Rs 372.51 crore loan to Odisha. The NABARD loan to Odisha has been provided under Rural Infrastructure Development Fund (RIDF) for the construction of rural bridge projects and for irrigation purpose for last fiscal quarter of this year. Out of total Rs 372.51 crore Loan to […]

AP Grameena Bank unveils desktop ATM in rural India

It seems that development in rural areas of Andhra Pradesh is going in right direction and opening of desktop ATM that too in rural areas is an example of it. Andhra Pradesh Grameena Vikas Bank (APGVB) has started its first desktop ATM at Kasibugga in Mandi Bazar of Warangal in Telangana. The mini ATM will […]

HDFC Bank Rajasthan Govt. Partnership To Promote Startup Culture In State

HDFC Bank Rajasthan Govt partnership : HDFC Bank and state government of Rajasthan have partnered with each other for the promotion and nurturing startups in the state. HDFC bank also plans to assist startups in showcasing their offerings to the general public through its various platforms. The MoU for partnership was signed between Akhil Arora (principal […]

SEBI hiked FPI investment limit for govt debt

Releasing a circular, Indian market regulator SEBI hiked FPI investment limit for government securities from earlier Rs 1.85 lakh crore to new over Rs 1.91 lakh crore. The step has been taken in order to boost foreign funds inflows into the Indian market. The new FPI investment limit will be made effective from next month. […]

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