SBI slow in procurement from GeM portal; lags behind smaller counterparts in 2022-23
India's largest lender SBI was quite slow in procuring goods and services from government-owned GeM portal in 2022-23 and lagged ...
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Tag: rbi
RBI to transfer Rs 87,416 cr surplus to govt for FY23, up from ₹30,307 cr a year earlier
The Reserve Bank of India nearly tripled its annual surplus transfer to the government, helping the state reap a windfall ...
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RBI Governor meets UCB leaders; brainstorms on sector’s growth
The RBI Governor Shaktikanta Das held a meeting with the representatives of National Federation of Urban Co-operative Banks and Credit ...
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₹2000 Denomination Banknotes – Withdrawal from Circulation; Will continue as Legal Tender
The ₹2000 denomination banknote was introduced in November 2016 under Section 24(1) of RBI Act, 1934, primarily to meet the ...
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Credit card spends in foreign currency to attract 20% TCS
New Delhi: Foreign currency payments such as digital subscriptions to publications or goods bought on foreign ecommerce sites through international ...
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Bank of Baroda ‘well protected’ for switch to RBI’s new loan-loss proposal, says CEO Chadha
Bank of Baroda does not foresee any challenges in adhering to the central bank's proposed loan-loss mechanism given its improved ...
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Atul Khirwadkar appointed as first CEO of National Urban Co-operative Finance and Development Corporation (NUCFDC)
A well-known face in the cooperative banking sector Atul Khirwadkar has been appointed as the first Chief Executive Officer of ...
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Russian companies investing rupee surplus in Indian government bonds: IBA chief
Russian banks and companies who have trade surpluses with Indian lenders are using those rupee funds to invest in domestic ...
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Banks flag high overnight rates, liquidity terms
Banks have conveyed their concerns about persistently high overnight rates and liquidity conditions to the Reserve Bank of India (RBI) ...
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Bank of Baroda now has a business model as competitive as any private bank: Sanjiv Chadha, CEO
Within months of becoming the chief executive officer of Bank of Baroda, Sanjiv Chadha had to face social, economic and ...
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