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RBI To Allow Banks To Fund Merger, Acquisition Activity By Indian Corporates
In a bid to improve credit flow, the Reserve Bank on Wednesday said it would provide an enabling framework for Indian banks to finance acquisitions by Indian corporates.
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'Can't Take It Anymore': Employee Exposes 'Suffocating' Reality Of Banking Job In Viral Reddit Post
A government bank employee said they felt 'suffocated' by the work, which required them to be available round the clock, every day of the week.
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Delhi Woman Quits Government Bank Job, Says "Time To Choose Mental Peace"
A 29-year-old Delhi woman, who is also quite active on social media, opened up about quitting her well-paying government job and shared her journey of choosing mental peace over financial stability.
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Gold Sold, Deposits Broken: Gujarat Doctor Loses 19 Crores To 'Digital Arrest'
A senior woman doctor in Gujarat's Gandhinagar was kept under 'digital arrest' for over three months, forced to break fixed deposits, take loans, and blackmailed into paying more than Rs 19 crore to fraudsters, police have found
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SEBI Freezes Fugitive Businessman Mehul Choksi's Bank Accounts, Investments To Recover Rs 2.1 Crore
The Securities and Exchange Board of India (SEBI) has ordered the attachment of absconding businessman Mehul Choksi's bank accounts, mutual funds, and shares to recover Rs 2.1 crore.
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Asian Development Bank Chief Pledges $10 Billion For India's Urban Infrastructure
Prime Minister Narendra Modi on Sunday took to X to share a picture of meeting with the Asian Development Bank (ADB) president Masato Kanda at his official residence.
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Bengaluru Man Highlights Absence Of Kannada In Vehicle Loan Papers: "How Is A Kannadiga...?"
Syed Aleem shared his experience on X, stating that understanding the complex loan agreement took him 1.5 hours due to the technical language used.
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DoT to Share Financial Fraud Risk Indicator Data With Banks, UPI Service Providers and Financial Institutions
The Department of Telecommunications (DoT) will share Financial Fraud Risk Indicator (FRI) data with financial institutions, including banks and UPI providers. This FRI metric, developed by the Digital Intelligence Platform, classifies mobile numbers into three risk levels linked to financial fraud. PhonePe is an early adopter, using FRI data to al...
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Mumbai Man Loses Rs 61 Lakh In Investment Scam, 3 Arrested
The Mumbai police have arrested three persons for providing their bank accounts to cyber fraudsters, who duped a share trading professional of over Rs 61 lakh by promising attractive returns on investment, an official said on Tuesday.
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Man Requests HDFC To Change Relationship Manager, Bank Responds
In a LinkedIn post, the man shared his experience of reaching out to HDFC Bank with the request to change his current relationship manager, whom he called "incompetent to the hilt."
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RBI Shares Observations Around Tokenisation, Crypto in Financial Stability Report 2024
As per the RBI, asset tokenisation is a rapidly evolving financial innovation still in its early stages, currently presenting minimal concerns. However, the central bank also cautioned that the widespread adoption of crypto assets could potentially impact macroeconomic and financial stability.
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Market Regulator SEBI Orders Attachment Of Bank Accounts Of Videocon Founder Venugopal Dhoot To Recover Dues
Capital markets regulator Sebi has ordered the attachment of bank accounts and shares and mutual fund holdings of Venugopal Dhoot and Videocon industries' promoter entity Electroparts (India) to recover dues of around Rs 68.5 lakh.
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Investors' Wealth Surges Rs 6.59 Lakh Crore As Markets Breach 83,000-Mark
Among the 30 Sensex firms, Bharti Airtel, NTPC, Mahindra & Mahindra, JSW Steel, Adani Ports, State Bank of India, Tech Mahindra, Tata Steel, Larsen & Toubro and Kotak Mahindra Bank were the biggest gainers.
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Rahul Gandhi Shares Reaction To Congress Accounts Being Sealed Before Polls
Congress MP Rahul Gandhi addressing an event in Washington DC metro area said that just months ahead of the general elections in India the bank accounts of his party were sealed leaving it without funds for advertising or campaigning.
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Sensex Tanks 1,017 Points To Close At 2-Week Low Amid Weak Global Trends
Falling for the fourth straight day, benchmark Sensex tanked 1,017 points to close at a two-week low on Friday due to selling in IT, oil & gas and PSU bank shares triggered by weak global trends and foreign fund outflows.
-
RBI To Allow Banks To Fund Merger, Acquisition Activity By Indian Corporates
In a bid to improve credit flow, the Reserve Bank on Wednesday said it would provide an enabling framework for Indian banks to finance acquisitions by Indian corporates.
-
'Can't Take It Anymore': Employee Exposes 'Suffocating' Reality Of Banking Job In Viral Reddit Post
A government bank employee said they felt 'suffocated' by the work, which required them to be available round the clock, every day of the week.
-
Delhi Woman Quits Government Bank Job, Says "Time To Choose Mental Peace"
A 29-year-old Delhi woman, who is also quite active on social media, opened up about quitting her well-paying government job and shared her journey of choosing mental peace over financial stability.
-
Gold Sold, Deposits Broken: Gujarat Doctor Loses 19 Crores To 'Digital Arrest'
A senior woman doctor in Gujarat's Gandhinagar was kept under 'digital arrest' for over three months, forced to break fixed deposits, take loans, and blackmailed into paying more than Rs 19 crore to fraudsters, police have found
-
SEBI Freezes Fugitive Businessman Mehul Choksi's Bank Accounts, Investments To Recover Rs 2.1 Crore
The Securities and Exchange Board of India (SEBI) has ordered the attachment of absconding businessman Mehul Choksi's bank accounts, mutual funds, and shares to recover Rs 2.1 crore.
-
Asian Development Bank Chief Pledges $10 Billion For India's Urban Infrastructure
Prime Minister Narendra Modi on Sunday took to X to share a picture of meeting with the Asian Development Bank (ADB) president Masato Kanda at his official residence.
-
Bengaluru Man Highlights Absence Of Kannada In Vehicle Loan Papers: "How Is A Kannadiga...?"
Syed Aleem shared his experience on X, stating that understanding the complex loan agreement took him 1.5 hours due to the technical language used.
-
DoT to Share Financial Fraud Risk Indicator Data With Banks, UPI Service Providers and Financial Institutions
The Department of Telecommunications (DoT) will share Financial Fraud Risk Indicator (FRI) data with financial institutions, including banks and UPI providers. This FRI metric, developed by the Digital Intelligence Platform, classifies mobile numbers into three risk levels linked to financial fraud. PhonePe is an early adopter, using FRI data to al...
-
Mumbai Man Loses Rs 61 Lakh In Investment Scam, 3 Arrested
The Mumbai police have arrested three persons for providing their bank accounts to cyber fraudsters, who duped a share trading professional of over Rs 61 lakh by promising attractive returns on investment, an official said on Tuesday.
-
Man Requests HDFC To Change Relationship Manager, Bank Responds
In a LinkedIn post, the man shared his experience of reaching out to HDFC Bank with the request to change his current relationship manager, whom he called "incompetent to the hilt."
-
RBI Shares Observations Around Tokenisation, Crypto in Financial Stability Report 2024
As per the RBI, asset tokenisation is a rapidly evolving financial innovation still in its early stages, currently presenting minimal concerns. However, the central bank also cautioned that the widespread adoption of crypto assets could potentially impact macroeconomic and financial stability.
-
Market Regulator SEBI Orders Attachment Of Bank Accounts Of Videocon Founder Venugopal Dhoot To Recover Dues
Capital markets regulator Sebi has ordered the attachment of bank accounts and shares and mutual fund holdings of Venugopal Dhoot and Videocon industries' promoter entity Electroparts (India) to recover dues of around Rs 68.5 lakh.
-
Investors' Wealth Surges Rs 6.59 Lakh Crore As Markets Breach 83,000-Mark
Among the 30 Sensex firms, Bharti Airtel, NTPC, Mahindra & Mahindra, JSW Steel, Adani Ports, State Bank of India, Tech Mahindra, Tata Steel, Larsen & Toubro and Kotak Mahindra Bank were the biggest gainers.
-
Rahul Gandhi Shares Reaction To Congress Accounts Being Sealed Before Polls
Congress MP Rahul Gandhi addressing an event in Washington DC metro area said that just months ahead of the general elections in India the bank accounts of his party were sealed leaving it without funds for advertising or campaigning.
-
Sensex Tanks 1,017 Points To Close At 2-Week Low Amid Weak Global Trends
Falling for the fourth straight day, benchmark Sensex tanked 1,017 points to close at a two-week low on Friday due to selling in IT, oil & gas and PSU bank shares triggered by weak global trends and foreign fund outflows.
