Banks general
Jaitley pushes banks to switch to cashless transactions
26 Nov 2016
The finance minister emphasised that physical currency must shrink while the economy should expand, shifting more and more focus to digital currency
Cashless deals up 300%; big demand for PoS devices: SBI chief
25 Nov 2016
Point of Sale transactions in State Bank of India have surged 300 per cent in numbers and 200 per cent by value, indicating that digital transactions have gone up, says SBI chairperson Arundhati Bhattacharya
SBI slashes bulk deposit rates by up to 1.9%
24 Nov 2016
At 3.85 per cent the revised rate of interest on 180-210-day fixed deposits is lower than rates on savings accounts, which currently stands at a minimum of 4 per cent
Deposits in Jan Dhan accounts swell by Rs21,000 cr in 15 days
23 Nov 2016
Reports say most of the money flows into Jan Dhan accounts were in West Bengal and Karnataka, which translates in to huge hoards of cash in these states
Switzerland agrees to share bank account info from Sep 2019
22 Nov 2016
The first such exchange is expected only in September 2019 and will not cover pending requests on details of Indians’ accounts in Swiss banks or any details on the so-called “stolen information”
Cash crunch: RBI eases repayment norms for small loans
22 Nov 2016
The new norms are applicable only for dues payable between 1 November and 31 December this year, as this is a short-term deferment of norms due to the current currency crunch
Deposit flows to push down banks’ lending rates further
18 Nov 2016
The reduction in deposit rates will increase with the rise in deposits and this will translate into lower lending rates when banks review their marginal cost of funds-based lending rate (MCLR) by the end of the month
Election Commission cautions govt against using indelible ink to mark out currency changers
18 Nov 2016
Govt tightens noose around cash hoarders
17 Nov 2016
Govt has ordered scrutiny of all savings bank deposits above Rs2.5 lakh and current account deposits over Rs12.5 crore during the 9 November –30 December window even as it further restricted use of old currency
RBI hikes weekly withdrawal limit on current accounts to Rs50,000
14 Nov 2016
RBI has advised banks to deploy micro ATMs near panchayat offices, police stations, military outposts, government departments, offices of public sector units, petrol pumps and other secure locations and also enhance the limits of the micro ATMs to at least Rs50,000 and allow frequent replenishment of cash to them
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Lighter than air, yet very, very powerful
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In March 2013 Chinese scientists pulled off a remarkable feat. They created the world’s lightest aerogel. Tipping the scales at a mere 0.16 milligrams per cubic centimeter – that’s a sixth of the weight of air!
COP28 explained: A closer look at COP28's climate change solutions
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The 28th United Nations Climate Change Conference, also known as COP28, took place from 30th November 2023, to 13th December 2023, at Expo City in Dubai, United Arab Emirates.
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Ponzi schemes have long captivated the public imagination, drawing unsuspecting investors into a web of illusion and deception.
The Rise and Rise of HDFC Bank
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HDFC, which surged ahead of global majors like HSBC Holdings Plc and Citigroup Inc and left Indian peers like State Bank of India and ICICI Bank in market capitalisation, now ranks fourth largest among the world’s most valuable banks, after JPMorgan Chase & Co, Industrial and Commercial Bank of China Ltd and Bank of America Corp
India’s Millet Revolution To Enrich Global Food Basket
02 Apr 2023
Millets, a healthier and cheaper substitute to wheat and rice, are indigenous to many parts of the world, especially in the semiarid tropics of Asia and Africa, and offers a big scope for expanding production and consumption in the foodgrain deficient African continent
Market predator Hindenburg preys on Adani stock
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Almost a month after the damning report of short-seller Hindenburg Research on the Adani Group that claimed that the seven stocks within the group were about 85 per cent overvalued, one of the group's stocks, Adani Total Gas, closed at Rs835 on the BSE, down nearly 79 per cent from its 24 January level, almost close to reaching that valuation
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