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US Bank Regulators Pull Back Guardrails on Bank Crypto Activities
US banking regulators have pulled back directives urging banks to show caution when dabbling in cryptocurrency. Under the prior guidance, regulators warned banks to be wary of volatility, legal uncertainty and liquidity risks when considering whether to provide crypto-related services or take on crypto companies as clients.
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RBI Allows Minors Over 10 Years To Open Bank Accounts Independently
The Reserve Bank of India (RBI) is now allowing minors aged 10 years and above to open and operate savings and term deposit accounts independently.
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US CFTC, FDIC Revoke Crypto-Related Restrictions for Banks: All Details
The US, under President Donald Trump, is making strides in creating a nurturing environment for the crypto sector to grow. In a fresh development, the Federal Deposit Insurance Corporation (FDIC) has announced that financial institutions under its oversight no longer need prior approval to dabble in crypto-related activities. The CFTC, on the othe...
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RBI Imposes Restrictions On New India Co-operative Bank, Customers Unable to Withdraw Funds
The Reserve Bank of India has taken this step to protect the interests of the customers, citing concerns about the bank's financial condition.
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Hong Kong Announces Supervisory Incubator to Help Banks Safely Test Blockchain Technology
The newly formed Supervisory Incubator will focus on helping banks load-up on risk management capabilities around deposits and loan services. The practice of tokenised deposits will be the core area of focus for the incubator.
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Gujarat Man Beats Bank Manager Over Tax Deduction On Fixed Deposit
Jaiman Rawal, the customer, was reportedly disappointed over the increased tax deduction on a fixed deposit.
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3 Days After Big Order On Deposits With SBI And PNB, Karnataka Hits Pause
The Karnataka government has paused its order suspending all transactions with the Central government-run State Bank of India (SBI) and Punjab National Bank (PNB) just three days after it was issued.
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India 2nd Only To US In Number Of Banks Covered By Deposit Insurance: RBI
India's Deposit Insurance and Credit Guarantee Corporation (DICGC) has extended coverage to 1,997 banks comprising 140 commercial banks and 1,857 cooperative banks.
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Nirmala Sitharaman Asks Indian Banks To Boost Deposits Amid Crunch
Finance Minister Nirmala Sitharaman called on lenders to focus on their core business and explore new ways to attract deposits, as household savings increasingly shift toward investment products.
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2.08% Of Rs 2000 Notes, Valued Rs 7,409 Crore, Still To Be Returned: RBI
About 2.08 per cent or Rs 7,409 crore of the withdrawn Rs 2,000 banknotes have not yet been returned to the RBI, about ten months after the deadline to deposit or exchange them at bank branches were over.
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Deposits Still Most Preferred Instrument Of Saving In India: RBI Article
Deposits are still the most preferred instrument of saving in India although market-based instruments are gaining share, said an article published in the Reserve Bank's July Bulletin.
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PGIMER Chandigarh Hiring For 121 Faculty Positions, Check Details
PGIMER Chandigarh Faculty Recruitment: The last date to generate the challan for fee deposit is July 10, with the final date for depositing the application fee in the bank being July 12.
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Rs 37 Crore Deposits, Cash Seized In Raids Against Mumbai-Based Ponzi Company
Bank and demat account deposits apart from cash worth about Rs 37 crore has been seized by the Enforcement Directorate (ED) as part of a money laundering probe against a Mumbai-based financial consultant and his company.
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Unclaimed Money At Banks Rises 26% In 1 Year To Rs 78,213 Crore: RBI
Unclaimed deposits with banks have witnessed a 26 per cent jump year on year to Rs 78,213 crore at the end of March 2024, as per the RBI Annual Report released today.
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Hopeful Of INDIA Bloc's Win, Women Open Accounts For Mahalakshmi Scheme
An otherwise silent General Post Office in Bengaluru is witnessing an unprecedented rush of women hurrying to open India Post Payment Bank accounts, anticipating a monthly deposit of Rs 8,500 into their accounts if the INDIA bloc comes to power.
-
US Bank Regulators Pull Back Guardrails on Bank Crypto Activities
US banking regulators have pulled back directives urging banks to show caution when dabbling in cryptocurrency. Under the prior guidance, regulators warned banks to be wary of volatility, legal uncertainty and liquidity risks when considering whether to provide crypto-related services or take on crypto companies as clients.
-
RBI Allows Minors Over 10 Years To Open Bank Accounts Independently
The Reserve Bank of India (RBI) is now allowing minors aged 10 years and above to open and operate savings and term deposit accounts independently.
-
US CFTC, FDIC Revoke Crypto-Related Restrictions for Banks: All Details
The US, under President Donald Trump, is making strides in creating a nurturing environment for the crypto sector to grow. In a fresh development, the Federal Deposit Insurance Corporation (FDIC) has announced that financial institutions under its oversight no longer need prior approval to dabble in crypto-related activities. The CFTC, on the othe...
-
RBI Imposes Restrictions On New India Co-operative Bank, Customers Unable to Withdraw Funds
The Reserve Bank of India has taken this step to protect the interests of the customers, citing concerns about the bank's financial condition.
-
Hong Kong Announces Supervisory Incubator to Help Banks Safely Test Blockchain Technology
The newly formed Supervisory Incubator will focus on helping banks load-up on risk management capabilities around deposits and loan services. The practice of tokenised deposits will be the core area of focus for the incubator.
-
Gujarat Man Beats Bank Manager Over Tax Deduction On Fixed Deposit
Jaiman Rawal, the customer, was reportedly disappointed over the increased tax deduction on a fixed deposit.
-
3 Days After Big Order On Deposits With SBI And PNB, Karnataka Hits Pause
The Karnataka government has paused its order suspending all transactions with the Central government-run State Bank of India (SBI) and Punjab National Bank (PNB) just three days after it was issued.
-
India 2nd Only To US In Number Of Banks Covered By Deposit Insurance: RBI
India's Deposit Insurance and Credit Guarantee Corporation (DICGC) has extended coverage to 1,997 banks comprising 140 commercial banks and 1,857 cooperative banks.
-
Nirmala Sitharaman Asks Indian Banks To Boost Deposits Amid Crunch
Finance Minister Nirmala Sitharaman called on lenders to focus on their core business and explore new ways to attract deposits, as household savings increasingly shift toward investment products.
-
2.08% Of Rs 2000 Notes, Valued Rs 7,409 Crore, Still To Be Returned: RBI
About 2.08 per cent or Rs 7,409 crore of the withdrawn Rs 2,000 banknotes have not yet been returned to the RBI, about ten months after the deadline to deposit or exchange them at bank branches were over.
-
Deposits Still Most Preferred Instrument Of Saving In India: RBI Article
Deposits are still the most preferred instrument of saving in India although market-based instruments are gaining share, said an article published in the Reserve Bank's July Bulletin.
-
PGIMER Chandigarh Hiring For 121 Faculty Positions, Check Details
PGIMER Chandigarh Faculty Recruitment: The last date to generate the challan for fee deposit is July 10, with the final date for depositing the application fee in the bank being July 12.
-
Rs 37 Crore Deposits, Cash Seized In Raids Against Mumbai-Based Ponzi Company
Bank and demat account deposits apart from cash worth about Rs 37 crore has been seized by the Enforcement Directorate (ED) as part of a money laundering probe against a Mumbai-based financial consultant and his company.
-
Unclaimed Money At Banks Rises 26% In 1 Year To Rs 78,213 Crore: RBI
Unclaimed deposits with banks have witnessed a 26 per cent jump year on year to Rs 78,213 crore at the end of March 2024, as per the RBI Annual Report released today.
-
Hopeful Of INDIA Bloc's Win, Women Open Accounts For Mahalakshmi Scheme
An otherwise silent General Post Office in Bengaluru is witnessing an unprecedented rush of women hurrying to open India Post Payment Bank accounts, anticipating a monthly deposit of Rs 8,500 into their accounts if the INDIA bloc comes to power.
