RBI bans SBM India from allowing foreign remittances
The Reserve Bank of India (RBI) has banned State Bank of Mauritius (SBM)’s Indian subsidiary SBM Bank (India) Ltd from ...
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Tag: bfsi
Banks transfer Jaypee Infratech’s ₹9,234-crore debt to NARCL
Banks have completed the transfer of ₹9,234 crore of Jaypee Infratech loan to the National Asset Reconstruction Company (NARCL), marking ...
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Banks seek immunity for board members, suggest NaBFID-like shield against arrests
Banks have asked the government for protection against the arbitrary arrest of board members for commercial decisions such as the ...
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Insurers want NPS tax exemption for their pension schemes, too
The insurance industry is seeking a level-playing field with the National Pension System (NPS) with a tax exemption for annuity ...
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Japan’s Credit Saison Company invests Rs 540 crore in its wholly owned Indian subsidiary
Japan’s leading financial services player Credit Saison Company invested Rs 540 crore in its wholly owned local subsidiary, Credit Saison ...
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Digital economy push offers hope for multiple players: Mastercard
India's push towards expanding the digital economy offers room for multiple players to grow in the payments ecosystem, said Michael ...
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Indian Bank expands digital offerings under ‘Project WAVE’ initiative
Public sector Indian Bank has stepped up its offerings on its digital transformation initiative 'Project WAVE' with the launch of ...
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SMBC Bank, Oaktree submit EoIs for IDBI’s strategic stake sale
Sumitomo Mitsui Banking Corporation Group (SMBC Bank) of Japan and Oaktree Capital Management are among those that have submitted expressions ...
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Piramal Finance aims at ‘Budget Bharat’ to expand
One year after the integration with DHFL, Piramal Capital & Housing Finance (PCHF) is repositioning itself as a lender for ...
Read moreNon-bank arms mooted to tackle RBI-ESMA rift
Amid the standoff between the Reserve Bank of India (RBI) and the European Securities and Markets Authority (ESMA), the former ...
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