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Extreme weather, prolonged geopolitical tensions pose risks to inflation in near-term: RBI article

Food inflation, despite some signs of moderation, remains elevated and a potential source of risk to the disinflation trajectory, the ‘State of the Economy’ article published in the RBI’s March bulletin said.

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Bank of America's Top India Trader Says Swap Market Too Hawkish

(Bloomberg) -- Indian rates traders have pushed back expectations for an interest-rate cut way too far and that creates an opportunity in the swaps market, according to Bank of America Corp.Most Read from BloombergTaylor Swift Is Proof That How We Critique Music Is BrokenTech Giants Roar as Tesla Spikes in Late Hours: Markets WrapBiden’s New Chopper Is Demoted After Scorching White House LawnTesla Stock in ‘No Man’s Land’ After 43% Rout Ahead of EarningsRay Dalio’s Famous Trade Is Sputtering, In

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RBI bars Kotak Mahindra Bank from onboarding fresh customers via online, mobile banking; asks it to stop issuing fresh credit cards

India Business News: The Reserve Bank of India (RBI) has directed Kotak Mahindra Bank to halt the issuance of new credit cards and onboarding of customers through online a

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Kotak Mahindra Bank Barred By RBI From Onboarding New Online Customers

Citing data security concerns, the Reserve Bank of India has barred Kotak Mahindra Bank from onboarding new customers online and issuing new credit cards with immediate effect. The bank can, however, continue to serve its customers

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How to change your @Paytm UPI handle and activate new UPI ID on Paytm app

Paytm UPI handle: The new handles will be given by 4 banks, namely Yes Bank, HDFC Bank, Axis Bank, and SBI Bank.

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T Rabi Sankar: Government approves one-year extension to RBI Deputy Governor Rabi Sankar

The Indian government has extended the term of RBI Deputy Governor T Rabi Sankar for one year, effective May 3, 2024. Sankar, who joined the Reserve Bank in 1990, has worked in various positions at the central bank, including Executive Director of the Reserve Bank and IMF Consultant. He has also served as Chairman of Indian Financial Technology and Allied Services (IFTAS), member of ReBIT Board of Directors, and IDRBT Governing Council.

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RBI Deputy Governor T Rabi Sankar gets 1 year extension

T Rabi Sankar's term as RBI Deputy Governor extended for a year from May 3, 2024. With a background in economics, he has been involved in developing government bond markets and debt management, in addition to overseeing key departments at RBI.

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Setback For Kotak Mahindra Bank, RBI Bars It From Onboarding Customers Online, Issuing Credit Cards

The RBI said it took the action under Section 35A of the Banking Regulation Act, 1949.

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RBI Restrictions On Kotak Mahindra Bank: What Does It Mean For Current Customers?

The RBI imposed these restrictions to safeguard customers and prevent prolonged disruptions that could impact customer service and digital banking operations.
- Newsx

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India manufacturing PMI: India's April business growth at near 14-year high, PMIs show

India's business activity surged to its highest level in nearly 14 years due to strong demand, reflecting robust economic growth. HSBC's purchasing managers' index rose to 62.2, signaling expansion in both manufacturing and services sectors. Despite easing input inflation, rising demand may delay rate cuts as inflation is expected to persist.

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