Payments banks are expecting to get the rights to offer small-ticket loans sometime soon, according to an industry source familiar with the matter. The industry has been in talks with the Reserve Bank of India (RBI) for some time in seeking lending rights.
Mandhana 136 (120b, 18x4, 2x6) and Harmanpreet 103 not out (88b, 9x4, 3x6) ran roughshod over the Proteas bowlers after being asked to bat first.
The facility to exchange or deposit Rs 2,000 banknotes will not be available on Monday, April 1, 2024 due to operations associated with the annual closing of accounts, the Reserve Bank of India (RBI) said on Friday. The facility will resume on Tuesday (April 2, 2024) at the 19 issue offices of the RBI, it added. "The facility of exchange/deposit of Rs 2,000 banknotes will not be available on Monday, April 1, 2024 at the 19 issue offices of the Reserve Bank of India due to operations associated with the annual closing of accounts," it said.
This project aims to transform India Post into a technology-enabled and autonomous market leader.
It will carry out most banking operations like accepting deposits but can't advance loans or issue credit cards.
IMAGES from the semi-final match between India and England played at the Providence Stadium, in Guyana on Thursday.
Had it not been for the slow but sure emergence of China as a threat to the western order, would India have been accepted as a near-equal partner by individual western nations, jointly and severally, questions N Sathiya Moorthy.
India Post had applied for a bank licence under RBI guidelines issued on February 22, 2013.
A senior official of India Post at Kolkata General Post Office told PTI that since e-commerce is a sunrise industry, it is trying to earn higher revenue in the region by involving local traders and business houses.
Signalling both change and continuity, India's new government, headed by Prime Minister Narendra Modi for a third consecutive term, got into work gear on Tuesday with cabinet ministers and ministers of state filing into their respective offices to assume charge.
Tells RBI this is not the time to consider such a foray, especially given the lack of funds to spare for such a venture.
The DoP has moved a Cabinet note for the government to provide Rs 500 crore (Rs 5 billion) as initial capital to India Post towards starting a bank.
The Postal Department has geo-tagged more than 1,50,000 post offices on geo-portal Bhuvan, developed by ISRO
The Indian postal network is the largest in the world with 155,015 post offices in the country, 90 per cent of which, that is 139,144, are in the rural areas.
Pakistani presenter Zainab Abbas, part of the ICC digital team covering the ODI World Cup, on Monday left India after facing backlash on social media over her alleged anti-India posts in the past.
More than five lakh aspirants will take the exam on January 7 and 8, 2017.
Global IT major HP is understood to be in the last leg of lapping up the largest of the eight contracts under the India Post IT modernisation programme. The deal is estimated to be in excess of Rs 1,000 crore, making it one of the largest e-governance contracts in India.
The IPPB, which is currently running pilot services in Raipur and Ranchi, needs a go-ahead from RBI for the software used for system integration
India posted their best score on the first day of a Test as they aggregated 375 for 9 in the third and final Test against New Zealand in Wellington on Friday. India's previous best score on the opening day of a Test was 372 for seven against South Africa at Bloemfontein in 2001-02.
The department of investment and public asset management (Dipam) can also seek in-principle approval from the Cabinet Committee on Economic Affairs (CCEA) for strategic divestment of PSUs on a case-to-case basis considering investor appetite and sectoral trends.
The Indian team was just too good for the Irish and the gulf in standard was evident across all departments.
The Bharat Army has pungent retorts for the Barmy Army.
India exacted a modicum of revenge for their loss to Australia in the final of the 50-overs World Cup by clinching the T20 series
To start with, the air freight service will be introduced connecting all four metros-- Mumbai, New Delhi, Chennai and Kolkata -- taking Nagpur as a hub of operations in the first phase. This will happen as soon as the Air India could provide an aircraft on wet lease to India Post.
The Reserve Bank of India (RBI) on Friday said nearly 97.26 per cent of the Rs 2,000 bank notes have been returned to the banking system, and only about Rs 9,760 crore worth of the notes are still with the public. On May 19, the RBI announced the withdrawal of Rs 2,000 denomination bank notes from circulation. "The total value of Rs 2,000 bank notes in circulation, which amounted to Rs 3.56 lakh crore as at the close of business on May 19, 2023 when the withdrawal of Rs 2,000 bank notes was announced, has declined to Rs 9,760 crore as at the close of business on November 30, 2023," the RBI said in a statement.
ITC stock slipped over 4 per cent on Thursday (February 8) after British American Tobacco (BAT) said it could sell some of its stake in the company, recovering partially in trade. The stock of the cigarette-to-hotels conglomerate traded at Rs 420 levels, rising 1.3 per cent in intraday deals as compared to the S&P BSE Sensex that traded flat for most part of the day. The development, meanwhile, saw Jefferies downgrade the stock to 'hold' from 'buy' earlier with a target price of Rs 430, down a huge 17.3 per cent from its earlier price target of Rs 520.
It lacks experience in financial sector that other applicants have demonstrated.
India's journey to their 5th consecutive U19 ICC World Cup final has been nothing short of sensational.
India Post will have to re-align its bloated staff well before getting transformed into a full fledged bank.
In many ways, David Beckham in his pomp was to football what Virat Kohli is to cricket.
'While other parties generally need support directly from their central leadership to get influencers or celebrities to endorse their party, the work of identifying and contacting such influencers has been decentralised to state and district level IT cells to get more engagement in the BJP.'
Nearly two million postcards and eight million letters pass through India's post offices daily.
After breaking Sachin Tendulkar's record, an emotional Virat Kohli said it felt like a dream to achieve the milestone in front of Tendulkar himself.
A look at the records set during India's innings against the Netherlands in the ICC World Cup match in Bengaluru on Sunday.
Wicketkeeper batter KL Rahul, who returned to form scoring the fastest century for India in a World Cup, was a relieved man on Sunday, having spent some time in the middle before the big semi-final against New Zealand.
Apple was a fringe player in all key categories like smartphones, notebooks, and tablets till recently. But with the last quarter's record-breaking performance, the brand has established itself in the country's price-sensitive consumer electronics market.
Former England captain Nasser Hussain hailed skipper Rohit Sharma as the 'real hero' for changing the culture of the Indian team.
'Building a whole product with the railways was challenging; we had to figure out how to load and unload a train when it stops for only about five minutes at a station.' 'We also helped them understand the revenues this would generate for them.'
IMAGES from the 1st Test, Day 1 between India and England played at the Rajiv Gandhi International Stadium, Hyderabad, on Thursday
