ECLGS to include new borrowers
The Finance Ministry expanded the scope of the Rs 5 lakh-crore Emergency Credit Line Guarantee Scheme (ECLGS) to support MSMEs
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Banking News
SBI raises $500 million via IFSC Gift City branch
State Bank of India (SBI) said it has raised USD 500 million (over Rs 3,800 crore) through its IFSC Gift
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Coins worth Rs. 11 crore missing from SBI vaults; CBI to probe
The CBI has taken over the probe into the case of coins worth Rs 11 crore going missing from the
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E-resolution for payment dispute by Sept: NPCI
The National Payments Corporation of India (NPCI) has asked all banks, payment service providers (PSPs) & third-party application providers (TPAPs)
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Paytm bank yet to appoint IT auditor
Paytm Payments Bank is yet to appoint a firm to conduct an audit of its information technology (IT) systems, minister
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Transaction volumes on UPI cross 500 crore in March
The widely popular Unified Payments Interface (UPI) crossed the 500 crore mark in terms of volume and was close to
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Post offices as bank branches a big push for financial inclusion
The Finance minister announced in her Budget 2022 speech that all 1.5 lakh branches of Post Office will be linked
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Exim Bank plans to raise $3 billion through overseas bonds in FY23
Export Import (Exim) Bank of India plans to raise around $3 billion in 2022-23 (FY23) via overseas bonds to support
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Regional rural banks may be allowed to graduate as SFBs
Regional Rural Banks (RRBs) should be given the option to graduate into small finance banks (SFBs) in line with cooperative
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UPI lite announced for offline transactions
The National Payment Corporation of India’s (NPCI) Unified Payment Interface (UPI) has become one of the most widely accepted digital
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