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Banking wrap: RBI fines 36 creditors for non-compliance of SWIFT-related norms, SBI links costs to external benchmark

Banking wrap: RBI fines 36 creditors for non-compliance of SWIFT-related norms, SBI links costs to external benchmark

The Reserve Bank of India (RBI) slapped fines ranging among Rs 1 lakh to Rs four lakh on 36 lenders as they have been found violating guidelines regarding the usage of SWIFT messaging service. The…

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State Bank of India to enroll in SWIFT’s global fee interface

State Bank of India to enroll in SWIFT’s global fee interface

MUMBAI: State Bank of IndiaNSE -0.20 % will quickly sign on with the Society for Worldwide Interbank Financial Transactions’ (SWIFTNSE 3.70 %) Global Payment Interface (gpi), adding to the list of Indian banks that have…

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Banks popping out of PCA framework won’t see unexpected increase in credit

Banks popping out of PCA framework won’t see unexpected increase in credit

Though the capital scenario has stepped forward, asset best of banks remains a situation, which may see them slipping into PCA once more The recent exit of six banks from the Prompt Corrective Action (PCA)…

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Finastra Offer An API-Friendly Banking Platform

Finastra Offer An API-Friendly Banking Platform

Finestra, which presents core banking and different era for financial institutions around the world, offers an open banking idea called fusion fabrics. Cloud, which is described as Platform as a Service (PaaS). “It opens up…

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What occurs whilst the vintage protect of Indian banking leaves

What occurs whilst the vintage protect of Indian banking leaves

The thick, dusty ‘financial institution ebook’ — weighing over a stone — delayed the experience again home almost all working days. Bank bosses of the ’70s and 80s desired a great trial balance, even though…

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How to Redeem SBI Credit Card Reward Points?

How to Redeem SBI Credit Card Reward Points?

More times than not, rewards are what draw customers towards choosing a credit card. If you are also attracted to credit card rewards, SBI credit cards have a range of attractive offers and exciting rewards…

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The Bajaj Finserv EMI Network Card Login Portal – Guide

The Bajaj Finserv EMI Network Card Login Portal – Guide

The Bajaj Finserv customer MARKETS customer portal is a one-stop solution to all your queries regarding all your financial transactions. You can log in through your Bajaj Finserv credentials to use the Customer Portal to…

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Apple Isn’t Disrupting Banks, It Is Helping Them

Apple Isn’t Disrupting Banks, It Is Helping Them

“Silicon Valley is consuming the banks’ lunch,” publicizes the Financial Times. Technology businesses such as Apple are set to take over the offerings traditionally supplied by using banks, which include credit cards, foreign exchange, loans…

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Government may additionally tap overseas creditors for loans to small firms

Government may additionally tap overseas creditors for loans to small firms

New Delhi: The government is in talks with overseas creditors to offer as tons as $14.Five billion in credit to hundreds of thousands of its small corporations, two officials said, in a signal, the united…

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When Indira banked on socialism

When Indira banked on socialism

One day earlier than Neil Armstrong took the well-known “giant bounce for mankind” at the surface of the moon, Indira Gandhi took her personal massive step towards consolidating her picture as a seasoned-negative leader via…

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