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Why RBI is not liking the idea of Digital Bank?
The Reserve Bank is also troubled by this turmoil in India's emerging payments and fintech sector.
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Inflation puts a deeper hole in the consumers’ pocket
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LIC can increase stakes in IndusInd Bank: RBI
The state-run insurer holds 4.95% of the total issued and paid-up capital of the bank
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Net inflows in equity mutual funds at four-month high
Equity mutual fund segment has received a net inflow of Rs 85,381 crore during this period, indicating the positive sentiments among investors.
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KVB cuts base and benchmark lending rates
Shares of KVB were trading at Rs 50.57 apiece on BSE, up 4% from the previous close
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Sensex zooms 1,016 points on RBI stance, easing concerns over Omicron
Bulls were enthused by a positive sentiment in global markets amid reports that the Omicron variant is unlikely to be more severe than the Delta
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HDFC, ICICI, Infosys lead smart recovery; Senxex zooms 887 points, Nifty 264
Global equity markets are relieved after studies on Omicron strain suggested that even though it is fast spreading, it is milder than Delta variant
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Number of ATMs increase to over 2.13 lakh by September 2021
According to the data from RBI, scheduled commercial banks have installed 2,13,145 ATMs (Automated Teller Machines) up to September 2021
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Private lenders fare better in interest rate transmission
The rate reduction has been more than 100 basis points for private sector banks
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RBI bats for functional autonomy for local bodies
Financially empowering them through higher resource availability, including own resource generation and transfers, are critical for, says RBI
