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Source: Business Standard 3 min read Last Updated : Oct 15 2024 | 11:47 AM IST The Reserve Bank of India (RBI) has proposed expanding the real-time gross settlement (RTGS) system to include transactions of the United States dollar, Euro, and British pound through bilateral or multilateral agreements. RBI Governor Shaktikanta Das also underscored…
Source: Live Mint The Indian stock market has been undergoing a correction since September 27 and significantly underperforming its Asian peers. India is at a risk of seeing its premium valuations, held since May 2021, narrowing in the coming months. In contrast, global investors are increasingly drawn to the Chinese market due to its low…
Source: Business Standard 2 min read Last Updated : Oct 14 2024 | 8:46 PM IST The Reserve Bank of India on Monday said it has imposed a penalty of Rs 28.30 lakh on SG Finserve Limited, formerly known as Moongipa Securities, for non-compliance with specific conditions under which the company was issued the…
Source: Business Standard Reserve Bank of India (RBI) Governor Shaktikanta Das (Photo: PTI) 2 min read Last Updated : Oct 14 2024 | 1:57 PM IST Reserve Bank of India (RBI) Governor Shaktikanta Das on Monday cautioned banks on increasing penetration of artificial intelligence (AI) in the financial services globally, saying that it also poses…
Source: Business Standard 4 min read Last Updated : Oct 14 2024 | 1:35 PM IST Shares of Aptus Value Housing Finance India (Aptus) hit a record high of Rs 401.65, as they rallied 11 per cent on the National Stock Exchange (NSE) in Monday’s intra-day trade amid heavy volumes on expectations that the…
Source: Live Mint Indian rupee depreciated to a record low on Monday, following weakness in Asian peers, weighed down by elevated crude oil prices and strong US dollar. The local currency dipped to a lifetime low of 84.0725 to the US dollar, inching past the prior low of 84.07 hit on Friday. The rupee opened…
Source: Live Mint The Government of India has announced the buyback of its securities through auction for an aggregate amount of ₹25,000 crore (face value), announced Reserve Bank of India (RBI) on Friday. The G-securities with coupon rate of 7.72 percent will mature on May 25 next year. The securities with coupon rate of 5.22…
Source: Live Mint AIFs include private equity, venture capital and hedge funds, besides other privately pooled instruments that invest in real estate to commodities. Such investments usually carry higher risk and are targeted at high-net-worth or wealthy investors. Also read | Prop, retail see decline in F&O turnover ahead of Sebi curbs taking effect The…
Source: Business Standard The RBI also asked them to refer to the accessibility standards issued by the Ministry of Finance in February. (Photo: PTI) 2 min read Last Updated : Oct 11 2024 | 4:42 PM IST The Reserve Bank of India on Friday asked banks to review their payment systems to ensure easier…
Source: Business Standard 2 min read Last Updated : Oct 10 2024 | 8:25 PM IST The Reserve Bank of India (RBI) on Thursday asked the asset reconstruction companies (ARCs) to become members of all the credit information companies (CICs) and submit the required data to them as per the Uniform Credit Reporting Format….
/cdn.vox-cdn.com/uploads/chorus_asset/file/25532310/STK478_breaking_into_phone_A.jpg?w=400&resize=400,250&ssl=1 "A new ‘ultra-secure’ phone carrier says it can make you harder to track")