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Linking lending rates to external benchmark the most effective transmission tool so far: RBI paper

The Reserve Bank of India's mandate to link lending rates to an external benchmark have led to immediate spikes in interest rate paid by borrowers, making it by far the most effective transmission tool while the previous marginal cost of lending rate (MCLR) regime was as less satisfactory as

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RBI cancels banking licence of Rupee Co-operative Bank

The Reserve Bank of India (RBI) on Wednesday cancelled the licence of Rupee Co-operative Bank Ltd in Pune with effect from six weeks from today. According to a press release, the commissioner for cooperation and registrar of Cooperative Societies, Maharashtra has also been requested to issue an order for winding

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DBS Group bullish about India, to grow through ‘phygital’ model in country: says CEO Piyush Gupta

DBS Group CEO Piyush Gupta is bullish on commercial potential in India and has utilised a "phygital" strategy to grow in the country, giving best-in-class digital capabilities to consumers complemented by a robust physical network. The organisation sees an opportunity to broaden its business profile, which is dominated by major

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