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Government To Receive Rs 2.56 Lakh Crore As Dividend From RBI, Public Banks In FY26
The government on Saturday projected a dividend income of Rs 2.56 lakh crore from the Reserve Bank and public sector financial institutions in FY2025-25, as per the Budget documents.
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New Year 2025: Are Banks Closed On January 1, 2025? Here's Where And Which Regional Offices Are Affected
Many regional closures are planned throughout January for various cultural and religious holidays.
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15,000 Crore Of Vijay Mallya, Nirav Modi's Assets Restored To Banks: Centre
Properties worth Rs 14,131 crore - that once belonged to Vijay Mallya - have been seized and handed to public and private sector banks to pay off a part of the fugitive businessman's substantial debts, Finance Minister Nirmala Sitharaman said.
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"Insult To Citizens": N Sitharaman On Rahul Gandhi's Public Bank Remarks
Finance Minister Nirmala Sitharaman termed the allegation of Leader of Opposition Rahul Gandhi against state-owned banks a "misrepresentation of facts" and an "insult to the hardworking employees and to the citizens".
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Bank Holidays December 2024: Full List Of 17 Days When Banks Will Be Closed
Bank holidays In December 2024: Banks in India will observe 17 holidays in December 2024, including state-specific observances, five Sundays, and two Saturdays.
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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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October Bank Holidays 2024: Banks To Remain Closed For 15 Days, See Full List
These holidays include public and regional observances, such as Durga Puja, Dussehra, Diwali, and Mahatma Gandhi Jayanti.
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Meta Joins Hands With the Government of Telangana to Provide AI-Powered e-Governance Solutions
Meta announced a partnership with the government of Telangana on Thursday. With this collaboration, the tech giant will offer artificial intelligence (AI) technologies to help the state government improve its e-governance portals and administrations as well as increase the productivity and efficiency of public departments. Telangana government has ...
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97.96% Rs 2,000 Notes Returned, Rs 7,261 Crore Worth Notes Still With Public
The Reserve Bank of India (RBI) on Monday said 97.96 per cent of the Rs 2000 denomination banknotes have returned to the banking system, and only Rs 7,261 crore worth of the withdrawn notes are still with the public.
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Basel Committee Addresses Risks Around Permissionless Blockchains: Details
n an official blog post, the Basel Committee on Banking Supervision (BCBS) clarified that its concern isn't with blockchains being public but rather with the fact that these networks are permissionless. The distributed governance model of permissionless blockchains is a significant source of concern for banking systems, according to the BCBS paper.
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Meta Says its Llama AI Models Being Used by Banks, Tech Companies
Meta's Llama AI models are seeing a rise in use, the company headed by Mark Zuckerberg said. The mostly free-of-charge Llama models have been downloaded almost 350 million times since Meta began releasing them publicly last year.
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10 Years Of Jan Dhan Yojana: A Transformative Success In Financial Inclusion
The Pradhan Mantri Jan Dhan Yojana (PMJDY) which completed ten years of its implementation on Wednesday has had a profound impact on every corner of the country.
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AI Can Boost Digital Public Infra But Poses Challenges: RBI Chief
While the integration of AI into financial services brings significant opportunities for customers, banks and regulators, the cutting-edge technology also poses its own set of challenges such as data privacy concerns.
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Top Employee Of This Bank Accused Of Sexual Harassment, Court Issues Notice
The Delhi High Court on Thursday issued a notice regarding a public interest litigation (PIL) challenging the appointment of Pankaj Dwivedi as the Executive Director of Union Bank of India.
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State-Owned Banks In Good Condition, Time To Push Disinvestment: SBI Report
The government should go ahead with disinvestment of public sector banks (PSBs) as they are in good condition, SBI said in its research report on Monday.
-
Government To Receive Rs 2.56 Lakh Crore As Dividend From RBI, Public Banks In FY26
The government on Saturday projected a dividend income of Rs 2.56 lakh crore from the Reserve Bank and public sector financial institutions in FY2025-25, as per the Budget documents.
-
New Year 2025: Are Banks Closed On January 1, 2025? Here's Where And Which Regional Offices Are Affected
Many regional closures are planned throughout January for various cultural and religious holidays.
-
15,000 Crore Of Vijay Mallya, Nirav Modi's Assets Restored To Banks: Centre
Properties worth Rs 14,131 crore - that once belonged to Vijay Mallya - have been seized and handed to public and private sector banks to pay off a part of the fugitive businessman's substantial debts, Finance Minister Nirmala Sitharaman said.
-
"Insult To Citizens": N Sitharaman On Rahul Gandhi's Public Bank Remarks
Finance Minister Nirmala Sitharaman termed the allegation of Leader of Opposition Rahul Gandhi against state-owned banks a "misrepresentation of facts" and an "insult to the hardworking employees and to the citizens".
-
Bank Holidays December 2024: Full List Of 17 Days When Banks Will Be Closed
Bank holidays In December 2024: Banks in India will observe 17 holidays in December 2024, including state-specific observances, five Sundays, and two Saturdays.
-
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...
-
October Bank Holidays 2024: Banks To Remain Closed For 15 Days, See Full List
These holidays include public and regional observances, such as Durga Puja, Dussehra, Diwali, and Mahatma Gandhi Jayanti.
-
Meta Joins Hands With the Government of Telangana to Provide AI-Powered e-Governance Solutions
Meta announced a partnership with the government of Telangana on Thursday. With this collaboration, the tech giant will offer artificial intelligence (AI) technologies to help the state government improve its e-governance portals and administrations as well as increase the productivity and efficiency of public departments. Telangana government has ...
-
97.96% Rs 2,000 Notes Returned, Rs 7,261 Crore Worth Notes Still With Public
The Reserve Bank of India (RBI) on Monday said 97.96 per cent of the Rs 2000 denomination banknotes have returned to the banking system, and only Rs 7,261 crore worth of the withdrawn notes are still with the public.
-
Basel Committee Addresses Risks Around Permissionless Blockchains: Details
n an official blog post, the Basel Committee on Banking Supervision (BCBS) clarified that its concern isn't with blockchains being public but rather with the fact that these networks are permissionless. The distributed governance model of permissionless blockchains is a significant source of concern for banking systems, according to the BCBS paper.
-
Meta Says its Llama AI Models Being Used by Banks, Tech Companies
Meta's Llama AI models are seeing a rise in use, the company headed by Mark Zuckerberg said. The mostly free-of-charge Llama models have been downloaded almost 350 million times since Meta began releasing them publicly last year.
-
10 Years Of Jan Dhan Yojana: A Transformative Success In Financial Inclusion
The Pradhan Mantri Jan Dhan Yojana (PMJDY) which completed ten years of its implementation on Wednesday has had a profound impact on every corner of the country.
-
AI Can Boost Digital Public Infra But Poses Challenges: RBI Chief
While the integration of AI into financial services brings significant opportunities for customers, banks and regulators, the cutting-edge technology also poses its own set of challenges such as data privacy concerns.
-
Top Employee Of This Bank Accused Of Sexual Harassment, Court Issues Notice
The Delhi High Court on Thursday issued a notice regarding a public interest litigation (PIL) challenging the appointment of Pankaj Dwivedi as the Executive Director of Union Bank of India.
-
State-Owned Banks In Good Condition, Time To Push Disinvestment: SBI Report
The government should go ahead with disinvestment of public sector banks (PSBs) as they are in good condition, SBI said in its research report on Monday.
