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Complied with 85% of asks on tech, ball in RBI court for lifting ban: HDFC Bank

HDFC Bank has complied with 85 per cent of RBI's asks on technology, and the ball is now in the regulator's court on when to lift the ban on issuing new credit cards, its managing director and chief executive Sashidhar Jagdishan said on Saturday. Addressing shareholders at his first annual

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Failover mechanism protects us from MasterCard ban: HDFC Bank MD Sashidhar Jagdishan

India’s largest lender HDFC Bank’s open architecture framework and failover systems will protect it from the RBI ban imposed on global card network provider MasterCard, the lender’s managing director Sashidhar Jagdishan said on Saturday. “MasterCard is a significant franchise partner for the bank, but the good part is like in

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How criminals siphoned off unemployment payments directly from recipients’ accounts

As millions of Americans received unemployment payments to get through the crisis, scammers developed a new way to steal cash directly from recipients' accounts, according to an investigation by CNBC.When one single mother's account was emptied, she had to crack open her child's piggy bank to survive. Another victim

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Delta variant might be a reason to extend unemployment benefits, say economists

An executive chef interviews a job seeker about hospitality employment during a job fair on June 23, 2021 in Torrance, California.PATRICK T. FALLON | AFP | Getty ImagesThe rapidly spreading delta variant of Covid-19 may be reason for Congress to extend federal unemployment benefits past their expiration in early

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Stocks making the biggest moves midday: State Street, Norwegian Cruise Line, iHeartMedia and more

A view of the Norwegian Encore cruise ship during its inaugural sailing from PortMiami, which took place from Nov. 21-24, 2019.Orlando Sentinel | Tribune News Service | Getty ImagesCheck out the companies making headlines in midday trading.State Street — The financial firm's shares rose 2.9% after beating on the

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