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In crisis, credit insurance to bail out borrowers
As the debt is repaid, the insurance coverage decreases. In a way, credit insurance is a life insurance policy, but it's tied to the bank's loan acco
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Blueprint for developed economy in Dec
NITI Aayog is preparing Vision 2047, the blueprint that would lay out the institutional and structural reforms necessary to reach the goal of $30 tril
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Services sector still seeing good demand
With Reserve Bank of India prioritising inflation control, tight monetary conditions might define the foreseeable future and this may keep demand in c
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Banks to allow premature withdrawal of FDs up to Rs 1cr
The Reserve Bank of India (RBI) on Thursday said that banks will have to provide premature withdrawal facility on all fixed deposits up to Rs 1 crore.
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Get alerts when FIs seek credit report
Lenders would have to send alerts through SMS and/or email to customers whenever they furnish information to the credit information entities on defaul
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No loan recovery calls after 7 pm: RBI
The RBI on Thursday proposed stricter regulations for recovery of overdue loans. The norms propose that financial institutions and their recovery agen
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UPI On The Move!
"Debit cards have been on a downward trajectory; for small value payments, consumers prefer UPI, and for large value payments, net banking seems to be
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Online system launched for IT hardware import
The government has made some changes in the licensing norms to import IT hardware products like laptops and computers. It has put in place an online s
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Gold loans surge again: Families, small biz pawning assets
The surge in demand comes against the backdrop of rally in prices of the precious metal after the Israel-Hamas conflict breaking out in West Asia
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RBI fines ICICI, Kotak Mahindra Bank
The Reserve Bank on Tuesday said it has imposed a penalty or Rs 12.19 crore on ICICI Bank and Rs 3.95 crore on Kotak Mahindra Bank for non-compliance
