ADB Maintains India's Growth Rate Projection at 7.0% for FY 2024 The Asian Development Bank (ADB) has upheld its projected growth rate for India at...

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RBI imposes monetary penalty on 5 different Sahakari and Co-operative banks

PJdesk - 17/07/2024 0

RBI has imposed monetary penalties on the following banks for different reasons: 1. Sivagangai District Central Co-operative Bank Limited, Sivagangai, Tamil Nadu: The Reserve Bank of...

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SBI report urges divestment of state-owned banks

PJdesk - 12/07/2024 0

SBI Recommends Disinvestment of Public Sector Banks and Consolidation of Government-Owned Banks The State Bank of India (SBI) has advocated for the disinvestment of public...

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The World Bank launches fiscal Year 2025 funding program with £750 million 7-year benchmark bond

PJdesk - 12/07/2024 0

The World Bank Prices 7-Year GBP Benchmark Bond Due July 2031 The World Bank (International Bank for Reconstruction and Development, IBRD, Aaa/AAA) has priced a...

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RBI expands scope of remittances to IFSCs under LRS

PJdesk - 11/07/2024 0

RBI News The Reserve Bank of India (RBI) has broadened the scope of remittances to International Financial Services Centres (IFSCs) under the Liberalised Remittance Scheme...

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RBI’s financial inclusion index rises to 64.2 in march 2024, indicating enhanced financial inclusion

PJdesk - 10/07/2024 0

RBI's financial inclusion index: The Reserve Bank's Financial Inclusion (FI) Index, which measures the extent of financial inclusion across India, rose to 64.2 in March...

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Global Wealth Report 2024: Growth rebounds to 4.2%, offsetting the 2022 downturn

PJdesk - 10/07/2024 0

Global Wealth Report 2024 Wealth growth across the world has recovered from its 3% contraction the previous year. The contraction in 2022 was largely attributable...

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Redemption of two UBS Group AG additional tier 1 instruments

PJdesk - 10/07/2024 0

UBS Group news UBS announces its intention to redeem the total outstanding AUD 700mn additional tier 1 instrument with ISIN CH0488506673 (the "AUD AT1 instrument")...

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Bank of Baroda shares drop over 6% in 3 consecutive trading day on lowest deposit and advances growth in the past 12 quarters

Pravesh Kumar Mishra - 10/07/2024 0

Bank of Baroda Shares Drop Over 6% since monday Shares of Bank of Baroda fell by more than 6% since Monday after the public sector...

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Punjab and Sind Bank unveils ambitious expansion plan for FY 2024-25

PJdesk - 09/07/2024 0

Punjab and Sind Bank to launch 100 new branches and ATMs this fiscal year Punjab and Sind Bank, a state-owned financial institution, has announced an...

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Deutsche Bank raises €500 million through inaugural social bond offering

PJdesk - 08/07/2024 0

Deutsche Bank raised fund: Deutsche Bank announced today that it has successfully raised €500 million through its inaugural social bond offering. The proceeds will be...

Bank

RBI imposes monetary penalty on Punjab National Bank

Pravesh Kumar Mishra - 07/07/2024 0

RBI in action The Reserve Bank of India (RBI) has imposed a penalty of ₹1,31,80,000 (Rupees One crore thirty-one lakh eighty thousand) on Punjab National...

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Cathay United Bank gains approval from Taiwan FSC to establish a branch in India

FIU-IND and RBI sign MoU for enhanced coordination and information exchange

RBI projects 6.5% GDP growth for FY 2025-26

RBI shifts gears in anticipation of growth concerns due to trade wars & uncertainty: SAMCO Securities

RBI MPC Live: The central bank has reduced the repo rate by 25 basis points to 6%.

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