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Indian Banks’ Association upbeat on July rollout of Digital Banking Units

Digital Banking Units (DBUs), proposed in this year's Union Budget, will be ready by July and will help push the cause of financial inclusion once rolled out, Indian Banks' Association chief executive Sunil Mehta told ET. "The progress in pilot implementation of the project is being regularly monitored by

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RBI restricts withdrawals from Shankarrao Pujari Nutan Nagari Sahakari Bank, Kolhapur

The RBI on Friday imposed several restrictions on Shankarrao Pujari Nutan Nagari Sahakari Bank Limited, Ichalkaranji, Kolhapur, including on withdrawals, in view of the lender's worsening financial position. However, 99.84 per cent of the depositors are fully covered by the DICGC insurance scheme. Under the Deposit Insurance and Credit

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IIFL Home Fin aims Rs 7,200 cr green, affordable home loans with ADB in Telangana, Andhra by 2025

IIFL Home Finance in association with the Asian Development Bank will further promote green affordable housing in Andhra Pradesh and Telangana, aiming at home loans worth Rs 7,200 crore by 2025. The move is aimed at spreading awareness about building climate-resilient housing that also saves cost and energy, IIFL

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Regulators are growing anxious about stablecoins after Terra’s stunning collapse

The entire stablecoin market is now worth more than $160 billion.Justin Tallis | AFP via Getty ImagesRegulators are getting increasingly worried about stablecoins after the collapse of controversial cryptocurrency venture Terra.TerraUSD, an "algorithmic" stablecoin that's meant to be pegged one-to-one with the U.S. dollar, has erased much of its

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Banks can continue providing credit to NBFCs for on-lending to priority sectors: RBI

Reserve Bank of India (RBI) on Friday permitted banks, including small finance banks, to continue providing credit facility to NBFCs for the purpose of on-lending to certain priority sectors. The facility of lending by commercial banks to NBFCs and lending by Small Finance Banks (SFBs) to NBFC-MFIs, for the

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Stocks making the biggest moves premarket: Twitter, Affirm, Robinhood and more

Check out the companies making headlines before the bell:Twitter (TWTR) – Twitter tumbled 14.6% in premarket trading after Elon Musk tweeted that his deal to buy the company was "temporarily" on hold, as he awaits details on the number of fake and spam accounts on the platform.Affirm Holdings (AFRM)

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World’s biggest stablecoin regains dollar peg after $3 billion in withdrawals

Tether has long faced questions over whether it has enough assets to justify its peg to the dollar.Tiffany Hagler | Bloomberg via Getty ImagesTether, the world's largest stablecoin, regained its peg to the dollar after more than $3 billion worth of tokens left the system in a single day.The

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Gold price today: Yellow metal trades weak; crucial support placed at Rs 50,000, say experts

NEW DELHI: India MCX June futures fell marginally on Friday tracking weakness in gold spot prices which remained under pressure amid a strong dollar. The dollar steadied near a fresh 20-year high scaled on Thursday on concerns of aggressive US Federal Reserve's actions to tame inflationary pressures, said a Reuters

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