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RBI Panel Proposes Fund To Build Homegrown AI Framework For Finance Sector
A Reserve Bank of India committee has recommended a framework for developing AI capabilities for the country's financial sector, while safeguarding it against associated risks, according to a report released on Wednesday.
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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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RBI Governor Highlights Need for Faster Remittance Settlements Amid Advancing eRupee Trials
Speaking about the eRupee CBDC, RBI Governer Shaktikanta Das emphasised that it plays a key role in India's "world-class digital public infrastructure" (DPI), which has enabled the creation of various digital financial products. He highlighted that developing protocols like the eRupee is essential for enabling real-time, cost-effective cross-border...
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From World Bank Reform To Climate Change; Biden's Agenda At G20 Summit
U.S. President Joe Biden will focus on reforming the World Bank and urging other multilateral development banks to boost lending for climate change and infrastructure projects during the G20 leaders summit in India, the White House said on Tuesday.
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Pakistan To Get $500 Million From Asian Bank For Development Program
Pakistan will receive $500 million as co-financing for the BRACE development program from the Asian Infrastructure Investment Bank (AIIB), the country's finance minister Ishaq Dar said on Wednesday.
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India Expected To Be $25 Trillion Economy In 25 Years: Banker KV Kamath
India is expected to be a USD 25-trillion economy in 25 years, veteran banker and chairman of National Bank for Financing Infrastructure and Development K V Kamath said on Tuesday.
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Asian Bank Tracks Projects In India From Space Amid Covid Travel Bans
In a world of Covid travel bans, the Asia Infrastructure Investment Bank has found an unusual way of keeping tabs on major development projects in places like India and Turkey that staff can't visit: tracking progress from space.
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Centre To Borrow Over Rs 2,200 Crore From Development Bank For Assam Projects
The Centre on Tuesday signed an agreement with Asian Infrastructure Investment Bank (AIIB) for borrowing $304 million (over Rs 2,200 crore) to improve power transmission network in Assam.
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NABARD Approves Rs 795 Crore To Rebuild Infrastructure Damaged By Amphan In Bengal
National Bank for Agriculture and Rural Development (NABARD) has sanctioned Rs 795 crore for reconstructing infrastructure damaged by Cyclone Amphan that ripped through West Bengal in May, an official from the agency said on Thursday.
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PMC Bank Case: Supreme Court Stays Order Directing Sale Of HDIL Assets To Repay Dues
The Supreme Court on Friday stayed the Bombay High Court order directing sale of bankrupt Housing Development and Infrastructure Ltd (HDIL) to ensure repayment of dues of crisis-hit Punjab and Maharashtra Cooperative Bank.
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China-Backed Bank Says Ready To Lend $3 Billion To Andhra Pradesh
The Asian Infrastructure Investment Bank (AIIB) said it is ready to provide $3 billion to the Andhra Pradesh Government for development projects in the state, in a meeting of its representatives with Chief Minister YS Jagan Mohan Reddy on Thursday.
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Panel To Be Formed For Sale Of Realty Firm HDIL's Assets In PMC Scam
The Bombay High Court set up a three-member committee on Wednesday for valuation and sale of encumbered assets of Housing Development and Infrastructure Ltd (HDIL) to expeditiously recover dues payable by the firm to crisis-hit Punjab & Maharashtra Cooperative (PMC) Bank.
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Father-Son Promoters In PMC Bank Storm In Enforcement Directorate Custody
The father-son promoters of crisis-hit real estate firm Housing Development and Infrastructure Ltd (HDIL) have been taken into custody by the Enforcement Directorate. A court in Mumbai has sent them to custody till October 22. The ED is questioning Rakesh Kumar Wadhawan and his son Sarang Wadhawan in an alleged money laundering case worth over Rs 4...
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PMC Bank Crisis: Police Custody Of HDIL Directors Extended To October 14
A Mumbai court has extended police custody of HDIL Directors Rakesh and Sarang Wadhwan till October 14 after they were arrested last week in connection with loan default worth Rs 4,355 crore at PMC Bank
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Probe Agency Seizes HDIL Chairman's Jet, Jewellery Worth 60 Crores
The Enforcement Directorate claimed on Saturday that it has attached a private jet and jewellery worth Rs 60 crore of Housing Development and Infrastructure Limited (HDIL) Chairman Rakesh Wadhawan and his son Sarang Wadhawan.
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RBI Panel Proposes Fund To Build Homegrown AI Framework For Finance Sector
A Reserve Bank of India committee has recommended a framework for developing AI capabilities for the country's financial sector, while safeguarding it against associated risks, according to a report released on Wednesday.
-
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.
-
RBI Governor Highlights Need for Faster Remittance Settlements Amid Advancing eRupee Trials
Speaking about the eRupee CBDC, RBI Governer Shaktikanta Das emphasised that it plays a key role in India's "world-class digital public infrastructure" (DPI), which has enabled the creation of various digital financial products. He highlighted that developing protocols like the eRupee is essential for enabling real-time, cost-effective cross-border...
-
From World Bank Reform To Climate Change; Biden's Agenda At G20 Summit
U.S. President Joe Biden will focus on reforming the World Bank and urging other multilateral development banks to boost lending for climate change and infrastructure projects during the G20 leaders summit in India, the White House said on Tuesday.
-
Pakistan To Get $500 Million From Asian Bank For Development Program
Pakistan will receive $500 million as co-financing for the BRACE development program from the Asian Infrastructure Investment Bank (AIIB), the country's finance minister Ishaq Dar said on Wednesday.
-
India Expected To Be $25 Trillion Economy In 25 Years: Banker KV Kamath
India is expected to be a USD 25-trillion economy in 25 years, veteran banker and chairman of National Bank for Financing Infrastructure and Development K V Kamath said on Tuesday.
-
Asian Bank Tracks Projects In India From Space Amid Covid Travel Bans
In a world of Covid travel bans, the Asia Infrastructure Investment Bank has found an unusual way of keeping tabs on major development projects in places like India and Turkey that staff can't visit: tracking progress from space.
-
Centre To Borrow Over Rs 2,200 Crore From Development Bank For Assam Projects
The Centre on Tuesday signed an agreement with Asian Infrastructure Investment Bank (AIIB) for borrowing $304 million (over Rs 2,200 crore) to improve power transmission network in Assam.
-
NABARD Approves Rs 795 Crore To Rebuild Infrastructure Damaged By Amphan In Bengal
National Bank for Agriculture and Rural Development (NABARD) has sanctioned Rs 795 crore for reconstructing infrastructure damaged by Cyclone Amphan that ripped through West Bengal in May, an official from the agency said on Thursday.
-
PMC Bank Case: Supreme Court Stays Order Directing Sale Of HDIL Assets To Repay Dues
The Supreme Court on Friday stayed the Bombay High Court order directing sale of bankrupt Housing Development and Infrastructure Ltd (HDIL) to ensure repayment of dues of crisis-hit Punjab and Maharashtra Cooperative Bank.
-
China-Backed Bank Says Ready To Lend $3 Billion To Andhra Pradesh
The Asian Infrastructure Investment Bank (AIIB) said it is ready to provide $3 billion to the Andhra Pradesh Government for development projects in the state, in a meeting of its representatives with Chief Minister YS Jagan Mohan Reddy on Thursday.
-
Panel To Be Formed For Sale Of Realty Firm HDIL's Assets In PMC Scam
The Bombay High Court set up a three-member committee on Wednesday for valuation and sale of encumbered assets of Housing Development and Infrastructure Ltd (HDIL) to expeditiously recover dues payable by the firm to crisis-hit Punjab & Maharashtra Cooperative (PMC) Bank.
-
Father-Son Promoters In PMC Bank Storm In Enforcement Directorate Custody
The father-son promoters of crisis-hit real estate firm Housing Development and Infrastructure Ltd (HDIL) have been taken into custody by the Enforcement Directorate. A court in Mumbai has sent them to custody till October 22. The ED is questioning Rakesh Kumar Wadhawan and his son Sarang Wadhawan in an alleged money laundering case worth over Rs 4...
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PMC Bank Crisis: Police Custody Of HDIL Directors Extended To October 14
A Mumbai court has extended police custody of HDIL Directors Rakesh and Sarang Wadhwan till October 14 after they were arrested last week in connection with loan default worth Rs 4,355 crore at PMC Bank
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Probe Agency Seizes HDIL Chairman's Jet, Jewellery Worth 60 Crores
The Enforcement Directorate claimed on Saturday that it has attached a private jet and jewellery worth Rs 60 crore of Housing Development and Infrastructure Limited (HDIL) Chairman Rakesh Wadhawan and his son Sarang Wadhawan.
