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Foreign exchange reserves rises by $34.1 billion: RBI data
In the first quarter of FY22, the current account balance posted a $6.5 billion as surplus, against a $19.1 billion surplus in the year ago quarter
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Indian Overseas Bank jumps nearly 13% on exiting RBI’s PCA framework
IOB jumped 12.93% to Rs 23.15 apiece after the RBI decided to remove the public sector bank from the PCA framework
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HDFC Bank records 4 lakh new credit card users
The bank will increase its pace on ramping up its credit card acquisition and will look to regain the lost market soon
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Soiled notes take up more space than usable ones, banks inform RBI
Despite the fact that total money in the system has increased, dirty currency notes are taking up more space.
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Auto debit: New system should be simple
RBI needs to monitor the new system and tweak it if the need arises.
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FAQs on auto-debit facility rules from October 1
Here are some of the frequently asked questions relating to changes in auto-debit facility from October 1, 2021.
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Green finance, climate issues on RBI’s radar
Banks too giving greater attention as borrowing cost is cheaper in the global market for sustainable projects.
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These changes may impact your financial life from October 1
Money9 gives you a brief description of the changes that are coming into effect from October 1 and could impact your financial life
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ICICI Pru Life may soon onboard Account Aggregator system
RBI will regulate the Account Aggregator (AA) through an NBFC-AA license
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Disruption in recurring payment anticipated as banks hurry to meet new norms
New RBI rules state banks should send a pre-debit notification to customers at least 24 hours before initiating auto-debit transactions.
