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By Reuters Staff 2 Min Read (Reuters) - Major stock markets in the Gulf closed higher on Monday, with the Saudi index leading gains after a slew of strong corporate earnings. FILE PHOTO: A trader looks on near electronic boards showing stock market data at Bahrain Bourse after Joe Biden won the U.S. presidency, in Manama, Bahrain, November 8, 2020. REUTERS/Hamad I Mohammed Saudi Arabia’s benchmark index rose 0.9%, boosted by a 1.8% gain in Al Rajhi Bank and a 8.9% surge in Bank Al Jazira, which reported an increase in its quarterly net profit. Elsewhere, Saudi National Bank (SNB) closed 0.9...

Customer privacy, data protection are non-negotiable: RBI deputy Governor M Rajeshwar Rao Open banking refers to sharing and leveraging of customer-permissioned data by banks with third party developers and firms to build applications and services. Share Via Email   |  A+A A- By PTI MUMBAI: Reserve Bank Deputy Governor M Rajeshwar Rao has said that technological innovation in banking is of paramount importance but cannot be pursued at the cost of customer privacy and data protection which are non-negotiable. "We must generate trust amongst the customers that their data is safe and s...

Share Jammu: Keeping in line with its vision “Development Bank of the Nation”, NABARD augmented support to the various sectors of rural economy during 2020-21, for overall development of Jammu & Kashmir and Ladakh UTs. The sanctions under various interventions were higher by 70% over the last year. NABARD’s stress on boosting the capital formation resulted in disbursement of refinance of Rs 111 crore to Regional Rural Banks. To support the agriculture production activities of farmers, short term refinance to the tune of Rs 50 crore was extended during 2020-21. Further, in Atam Nirbhar P...

NABARD’s augmented-support boosts rural economy in J&K, Ladakh UTs in 2020-21 The sanctions under various interventions were higher by 70% over the last year. NABARD’s stress on boosting the capital formation resulted in disbursement of refinance of Rs 111 crore to Regional Rural Banks. To support the agriculture production activities of farmers, short term refinance to the tune of Rs 50 crore was extended during 2020-21. Further, in Atam Nirbhar Package of Government of India under Additional Emergency Working Capital Funding for farmers, NABARD extended a support of Rs 150 crore t...

Key questions answered in the report include: What will the market size and the growth rate be in 2027? What are the key factors driving the Global Digital Banking Market? What are the key market trends impacting the growth of the global Digital Banking Market? What are the challenges to market growth? Who are the key vendors in the Global Digital Banking Market? What are the market opportunities and threats faced by the vendors in the global Digital Banking Market? What are the trending factors influencing the market shares of the Americas, APAC, Europe, and MEA? What are the key outcomes of...