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Have no responsibility to audit members of UPI ecosystem: RBI tells Supreme Court
(RBI), in its affidavit filed in the top court, also said that the matters related to “data privacy and data sharing” come under the domain of the central government.
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Transforming 1.4 million kirana stores can generate 3.2 million new jobs: Report
Besides, technology modernisation requires a fully integrated retail enterprise resource planning software solution and a point-of-sale machine, along with digital wallets registration.
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Reserve Bank of India says SBI, ICICI Bank and HDFC Bank remain systemically important banks
The Reserve Bank had issued the framework for dealing with D-SIBs in July 2014.
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Private investment to trickle in once capacity utilisation goes beyond 75%: Uday Kotak
Create government-owned, professionally managed development finance institutions (DFIs) to finance key sectors of the economy, he said.
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SBI asset quality remains healthy: Chairman Dinesh Kumar Khara
He, however, did not share details on the COVID-related loan restructuring for SBI, citing the silent period ahead of the results.
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Union Bank of India completes IT integration of all Andhra Bank branches with itself
The amalgamation of Andhra Bank and Corporation Bank with Union Bank came into effect from April 1, 2020.
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BITS launches management school
BITSoM will offer a two-year residential MBA degree programme with faculties drawn from the top business schools globally and a course fee of Rs 24 lakh.
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Asset allocation key to meeting financial goals
Once we get the goals right – be it child’s education, child’s marriage, buying a home or building a retirement corpus – we can decide on our asset allocation.
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Private placement of debt issuance hits all-time high of Rs 7.77 lakh cr in 2020: Report
The largest mobilisation through private placements of debt during the year was by HDFC at Rs 57,813 crore, followed by REC at Rs 53,946 crore, NHAI at Rs 53,463 crore, PFC (Rs 50,966 crore), and Nabard (Rs 50,734 crore).
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Reserve Bank of India issues framework for strengthening grievance redress mechanism in banks
The central bank said the redress of complaints will continue to be cost-free for the customers of banks and members of public.
