Search Results for: banking

Sensex down by 202 points, Nifty drops below 25,200

Indian equity indices closed in the red on Wednesday due to negative global sentiments.

Sep 4, 2024

Over 78 lakh EPS pensioners can get pension from any bank, anywhere from Jan 1, 2025

The Centre on Wednesday approved the Centralised Pension Payments System (CPPS) that will benefit more than 78 lakh people under the Employee Pension Scheme (EPS), which is part of the Employees' Provident Fund Organisation (EPFO).

Sep 4, 2024

Telecom Regulatory Authority of India (TRAI)

TRAI Extends Deadline to Oct 1 for Whitelisting URLs, APKs, and OTT Links to curb misuse of social media

TRAI has extended the deadline for whitelisting URLs, APKs, and OTT links to curb misuse of messaging services. The new deadline is October 1, providing relief to Indian mobile users, especially for banking and app services.

Aug 31, 2024

India's April-Dec fiscal deficit at 55% of full year target

India's fiscal deficit for April-July stands at 17.2 pc of full-year target

The Central government's fiscal deficit in the first four months (April-July) of the current financial year stands at Rs 2.77 lakh crore.

Aug 31, 2024

Prime Minister Narendra Modi attends the Global FinTech Fest

India's best is yet to come, says PM at GFF, hints at returning to power in 2029

Prime Minister Narendra Modi indicated that he would return to power in five years as India's "best is yet to come", while addressing the annual 5th Global Fintech Fest

Aug 30, 2024

Sensex, Nifty end flat as markets turn to consolidation phase

Sensex up 221 points in opening session, records new all-time high

At the beginning of the trading session, Sensex and Nifty made a new all-time high of 82,637 and 25,249 respectively.

Aug 30, 2024

PMJDY: A Decade of Financial Inclusion in India

The Pradhan Mantri Jan Dhan Yojana (PMJDY) scheme, launched in 2014, has integrated over 53.14 crore economically marginalized individuals into mainstream banking. The scheme has seen a 3.6-fold growth in accounts, providing access to formal banking services and promoting financial inclusion. The PMJDY scheme has also promoted gender equality and rural inclusion, with 67% of accounts opened in rural or semi-urban areas and 55% by women. The success of PMJDY in promoting financial inclusion in India is comparable to similar initiatives globally, like M-Pesa in Kenya and Grameen Bank in Bangladesh.

Aug 28, 2024

India offers UPI as a plug-and-play system to other countries to speed up cross-border payments

RBI Governor Offers UPI System for Global Adoption

India's Reserve Bank of India (RBI) Governor, Shaktikanta Das, has offered the country's Unified Payments Interface (UPI) system as a plug-and-play model for other nations.

Aug 26, 2024

US Rate Cut Fuels Optimism in Indian Stock Markets

The anticipated US rate cut is expected to boost the Indian stock market and various sectors like IT, BFSI, automotive, and real estate. The Indian markets have been on a recovery rally, influenced by positive US economic data and global cues.

Aug 24, 2024

Sensex, Nifty trade flat amid mixed global cues

Sensex, Nifty trade remain flat ahead of Fed chief's policy speech on interest rates

Indian equity indices opened flat on Friday following mixed cues from global markets.

Aug 23, 2024

Sensex trades lower, down 114 points as most Asian markets turn red

At 9:43 a.m., Sensex was down 114 points or 0.14 per cent at 80,688 while Nifty was down 13 points or 0.05 per cent at 24,685.

Aug 21, 2024

Sensex closes up 378 points, bank shares lead the rally

India equity indices closed in the green on Tuesday following positive sentiments in the markets.

Aug 20, 2024

Global job postings up 7.3 pc in April-June; US and India markets lead

Driven by rising demand for talent in the US and India markets, the global hiring activity showed positive trends in the April-June period (Q2 2024), with job postings increasing 7.3 per cent

Aug 19, 2024

Bangladesh raises cash withdrawal limit to 300,000 taka via cheques

Bangladesh liberalises cash withdrawal limit from 100,000 taka to 300,000 taka via cheques

The central bank of Bangladesh has set a new cash withdrawal limit of 300,000 taka (2,542 U.S. dollars) via cheques per account per day starting from Sunday.