DECEMBER 9, 2022
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CCI approves acquisition of up to 8.79% (approx.) of equity share capital of Pricol Limited by Minda Corporation Limited

New Delhi: The Competition Commission of India (CCI) has approved the acquisition of up to 8.79% (approx.) of the equity share capital of Pricol Li ...

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Kotak Bank reshuffles senior management roles

New Delhi: Kotak Mahindra Bank has announced significant changes in its senior executive team, with KVS Manian stepping down as Joint Managing Dire ...

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Union Finance Minister chairs 28th meeting of FSDC in New Delhi

New Delhi: The 28th meeting of the Financial Stability and Development Council (FSDC) was led by Union Finance Minister Nirmala Sitharaman in New D ...

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Accelerate Digital Transformation: Five Easy Ways for Chief Banking Officers to Propel Their Banks into the Digital Era

New Delhi: Chief Banking Officers can accelerate digital transformation by embracing paperless offices, strategically managing document retention, ...

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SBM Bank India Appoints International Banker Ashish Vijayakar as MD & CEO

New Delhi: Ashish Vijayakar has been appointed as the Managing Director & Chief Executive Officer (MD & CEO) of SBM Bank India for a durati ...

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Virendra Bansal Assumes Leadership Role as MD & CEO, SBICAPS

New Delhi: In a strategic move aimed at bolstering its investment banking capabilities, SBI Capital Markets Limited (SBICAPS), the renowned subsidi ...

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Fintech Lender FlexiLoans Secures Rs 60 Crore Debt Investment from Vivriti Asset Management to Fuel MSME Growth

New Delhi: FlexiLoans, a Mumbai-based fintech company catering to MSMEs, has recently raised Rs 60 crore through non-convertible debt from Vivriti ...

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Reserve Bank of India Flags Unauthorized Payment System Linked to Card Network

New Delhi: The Reserve Bank of India has raised concerns over a payment system associated with a card network that facilitates businesses to make c ...

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India’s First Limitless Prepaid Student ID Card introduced by LEO1

New Delhi: LEO1, a leading Edu-fintech company, has unveiled India’s inaugural limitless prepaid student ID card, developed in partnership with N ...

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India's Tax Dilemma: Old vs. New Regime Takes Center Stage Again

New Delhi: India witnessed yet another debate on tax regimes as Finance Minister Nirmala Sitharaman presented the Interim Union Budget 2024-2025 on ...

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Moove Secures $10 Million in Debt Funding from Stride Ventures

New Delhi: Moove, a mobility fintech company, has successfully raised $10 million in debt funding from Stride Ventures, marking its first external ...

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Revolutionizing Risk Management and Analysis: In Conversation with Sudin Baraokar, AI & Digital Transformation, Advisor and Expert

New Delhi: In the rapidly evolving landscape of the financial sector, a confluence of transformative technologies is reshaping the way institutions ...

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Direct Tax Revenue Reaches 80.23% of Revised Estimates for FY 2023-24 by February 2024

New Delhi: The latest figures indicate a consistent increase in provisional Direct Tax collections, with gross collections reaching Rs. 18.38 lakh ...

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Schneider Electric India appoints Preeti Gupta Mohanty as CFO

New Delhi: Schneider Electric India has recently appointed Preeti Gupta Mohanty as its Group CFO, her official title will be Vice President – Gre ...

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RBI Introduces Offline Transactions and Programmability to Boost E-Rupee Adoption

New Delhi: The Reserve Bank of India (RBI) has unveiled plans to enhance the usage of its central bank digital currency (CBDC), known as the e-rupe ...

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Academic Bank of Credit launched through CSCs

New Delhi: Secretary, Department of School Education and Literacy, Sanjay Kumar; Secretary, Higher Education, Ministry of Education, Shri K. Sanjay ...

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Zurich Insurance Company Ltd. Granted Approval by CCI for 70% Stake Acquisition in Kotak Mahindra General Insurance Company Limited

New Delhi:  The Competition Commission of India (CCI) has approved Zurich Insurance Company Ltd. to acquire a 70% stake in Kotak Mahindra Gene ...

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DFS Secretary Chairs Meeting to Address Banking and Insurance Challenges in International Trade

New Delhi: In a recent development, Dr. Vivek Joshi, Secretary of the Department of Financial Services within the Ministry of Finance, presided ove ...

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Asian Development Bank appoints Mio Oka as country director for India

New Delhi: The Asian Development Bank (ADB) has appointed Mio Oka as its new Country Director for India, succeeding Takeo Konishi who has been prom ...

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Paytm Clarifies Post-Regulatory Measures: UPI Services Continue, Deposits Unaffected, but Top-Ups Halted

New Delhi: In accordance with Section 35A of the Banking Regulation Act of 1949, the Reserve Bank of India has directed Paytm Payments Bank Ltd. (P ...

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RBI Imposes Stringent Measures on Paytm Payments Bank Amidst Regulatory Concerns

New Delhi: In a press release issued on 11th March 2022, the Reserve Bank of India (RBI) invoked its authority under section 35A of the Banking Reg ...

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New Budget Unveils Credit Enhancement Guarantee Scheme Empowering Scheduled Castes Entrepreneurs

New Delhi: In a landmark move, the "Credit Enhancement Guarantee Scheme for Scheduled Castes" (CEGSSC) was introduced during the 2014-15 Union Budg ...

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Government Appoints Members of the Sixteenth Finance Commission

New Delhi: The Sixteenth Finance Commission was constituted on 31.12.2023 with Shri Arvind Panagariya, former Vice-Chairman, NITI Aayog as its Chai ...

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Union Budget with ObserveNow: Experts Foresee Fiscal Consolidation and Innovative Solutions in Budget

New Delhi: Finance Minister Nirmala Sitharaman will be presenting the Interim Budget for 2024-25 on Thursday, gaining significance ahead of the Apr ...

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CCI Greenlights Merger: Fincare and AU Small Finance Banks Set to United

New Delhi: In a significant development, the Competition Commission of India (CCI) has approved the merger between Fincare Small Finance Bank Limit ...

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Bajaj Finance Appoints Amit Sharma as New HR Head for Microfinance Division

New Delhi: Bajaj Finance has appointed Amit Sharma as the Head of Human Resources for its microfinance business, marking his return to the finance ...

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Embrace cybersecurity measures & educate staff to prevent data breaches, says Shashi Kant Dahuja

New Delhi: Embarking on a professional journey toward becoming a Chief Underwriting Officer requires a comprehensive understanding of how the under ...

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Tech-Driven Transformation: Bajaj Allianz's Senior President Dives into the Future of Insurance Amidst the Digital Revolution

New Delhi: The insurance industry is undergoing a profound shift propelled by the wave of digital transformation. Technological advancements are re ...

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Clix Capital appoints Kanishka Mallick as VP-HR

New Delhi: Clix Capital, a digital non-banking financial company (NBFC), has named Kanishka Mallick as its Vice President of Human Resources, effec ...

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Indusind Bank to open four more branches in Ayodhya

Mumbai: Private sector lender Indusind Bank is mulling to open four more branches in Ayodhya, a top official said on Thursday.

The city-based ...

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CCI approves merger of Shriram LI Holdings Private Limited with Shriram Life Insurance Company Limited

New Delhi: In a recent press release released by the Competition Commission of India, it has approved the proposed amalgamation of Shriram LI Holdi ...

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RBI clears appointment of Praveen A Kutty as MD & CEO of DCB Bank

New Delhi: Private sector DCB Bank on Tuesday said the Reserve Bank approved the appointment of Praveen Achuthan Kutty as its Managing Director and ...

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Anup Neogi appointed as MD & CEO, Hitachi Payment Services

New Delhi: Hitachi Payment Services has successfully concluded the acquisition of Writer Corporation's Cash Management Business. Following this, An ...

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We help digitize the delivery of financial services at sachet sizes, says Hrushikesh Mehta, SVP - Financial Services, ONDC

New Delhi: The evolution of financial services has witnessed remarkable transformations, propelled by technological advancements and shifting marke ...

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RBI proposes to introduce new category of money changers

New Delhi: The Reserve Bank on Tuesday proposed to introduce a new category of money changers who may conduct business through an agency model by b ...

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India's Banking Sector Thrives with Robust Growth and Technological Advancements

New Delhi: In a report by the Reserve Bank of India (RBI), India's banking sector is deemed well-capitalized and meticulously regulated, surpassing ...

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Digital Rupee, New Heights for Digital payments

New Delhi: In November, Unified Payment Interface (UPI) transactions soared to a record value of Rs 17.4 trillion, marking a 1.4% increase from Oct ...

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Automatic payment limit via UPI raised to Rs 1 lakh: RBI

Mumbai: The Reserve Bank of India on Tuesday increased the limit for automatic payments through UPI to Rs 1 lakh per transaction from the existing ...