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RBI in process of formulating framework for securitization of stressed assets: Governor Das

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Reserve Bank of India Governor Shaktikanta Das said on January 11 that the central bank is in the process of formulating a framework for securitization of stressed assets, for which a discussion paper has been issued in January, 2023.
“We have received comments, they have been examined and now we are in our way to issue revise framework for Securitisation of stressed assets,” Das said at Centre for Advanced Financial Learning (CAFRAL) conference.

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Source: https://www.moneycontrol.com/news/business/rbi-in-process-of-formulating-framework-for-securitization-of-stressed-assets-governor-das-12036381.html/amp

South Indian Bank launches SIB EXIM Current Account

South Indian Bank (SIB) has launched SIB EXIM Current Account specially curated for customers involved in the import and export business. The current account is available in two variants SIB EXIM Silver and SIB EXIM Gold with the required Quarterly Forex Throughput (QFT) of $15,000 and $50,000 respectively.SIB EXIM Current Account offers competitive rates in trade finance transactions, free and unlimited NEFT/RTGS transactions through digital channels, unlimited free cash withdrawals from any SIB branches, free cash deposit limit of up to 15 times of previous month AMB, free issuance of international debit card and a lot more transactional benefits to cater the needs of this…
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Source: https://www.thehindubusinessline.com/money-and-banking/south-indian-bank-launches-sib-exim-current-account/article67153315.ece/amp/

Want to open an ICICI Bank PPF account online? Here’s a step-by-step guide. – ET Now

Want to open an ICICI Bank PPF account online? Here’s a step-by-step guide. ET Now
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Source: https://www.etnownews.com/personal-finance/want-to-open-an-icici-bank-ppf-account-online-heres-a-step-by-step-guide-article-106733945R
https://www.etnownews.com/personal-finance/want-to-open-an-icici-bank-ppf-account-online-heres-a-step-by-step-guide–article-106733945/amp

Can India bank on crowd support to script an underdog story?

The intent is clear: it’s largely through such set-piece movements that India will have to look for breakthroughs against powerful opposition. There are only two survivors from the 2011 squad which took on Australia — Chhetri and goalkeeper Gurpreet Singh Sandhu. Reflecting on the difference between two campaigns, Chhetri said that a major change has been the amount of knowledge on the opposition available this time: “We didn’t have much knowledge of the Australia back in 2011. Not when compared to the minute details we have now. We’ve watched their friendlies against Palestine (defeated 1–0) and Bahrain (2–0), so we know about the challenges ahead.” As for Gurpreet,…
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Source: https://www.nationalheraldindia.com/amp/story/sports/asian-cup-can-india-bank-on-crowd-support-to-script-an-underdog-story

Stocks to Watch: TCS, Infosys, SpiceJet, Kalyani Steels, Bank of Baroda and more – CNBCTV18

Stocks to Watch: TCS, Infosys, SpiceJet, Kalyani Steels, Bank of Baroda and more CNBCTV18
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Source: https://www.cnbctv18.com/photos/market/stocks/stocks-to-watch-tcs-infosys-spicejet-kalyani-steels-bank-of-baroda-and-more-18767681.htmR
https://www.cnbctv18.com/photos/market/stocks/stocks-to-watch-tcs-infosys-spicejet-kalyani-steels-bank-of-baroda-and-more-18767681.htm/amp

Vietnam’s 2024 GDP growth forecast at 6.7%: Standard Chartered Bank

The Standard Chartered Bank continues to expect a robust 6.7 per cent gross domestic product (GDP) growth for Vietnam this year, with a growth rate of 6.2 per cent in the first half and 6.9 per cent in the second.The country’s retail sales and industrial production have stayed robust despite recent moderation, the bank noted in its report titled ‘Vietnam—Stronger but not easier’.Exports and imports are starting to recover, though electronics-related trade remains tentative. The manufacturing sector stands to benefit from shifting global supply chains, with multiple free-trade agreements.The Standard Chartered Bank expects 6.7 per cent GDP growth for Vietnam in 2024.
Retail…
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Source: https://www.fibre2fashion.com/news/textile-news/vietnam-s-2024-gdp-growth-forecast-at-6-7-standard-chartered-bank-292315-newsdetails.htm

RBL Bank closed today at ₹283.4,

RBL Bank Stock Price TodayRBL Bank Share Price Today : On the last day of trading, RBL Bank opened at ₹285.45 and closed at ₹284.5. The stock had a high of ₹291.6 and a low of ₹280. The market capitalization of the bank is ₹16,974.45 crore. The 52-week high for the stock is ₹293.55, while the 52-week low is ₹131.6. The stock had a trading volume of 471,042 shares on the BSE.Disclaimer: This is an AI-generated live blog and has not been edited by MintGenie staff.
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Source: https://mintgenie.livemint.com/news/markets/rbl-bank-share-price-live-blog-for-10-jan-2024-151704854763610

Fund review: HDFC ELSS tax saver fund – Business Standard

Fund review: HDFC ELSS tax saver fund Business Standard
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Source: https://www.business-standard.com/amp/finance/personal-finance/fund-review-hdfc-elss-tax-saver-fund-124011100407_1.html

Sensex, Nifty Hold Onto Gains As RIL, Axis Bank, Bajaj Auto Rise: Midday Market Update

India’s benchmark stock indices traded higher through midday on Thursday, led by gains in index heavyweight Reliance Industries Ltd., including oil & gas and automobile stocks.As of 12:30 p.m., the S&P BSE Sensex rose 0.17%, or 122.72 points, to 71,780.42, while the NSE Nifty 50 gained 0.22%, or 47.35 points, to 21,667.80.The indices moved in a narrow range ahead of the release of the U.S. CPI print for December at 7:00 p.m. IST, which would give further cues to the likely rate action by the Fed.The U.S. CPI is expected to remain unchanged at 3.2% on year in December, according to a Bloomberg survey.The Sensex hit an intraday high of 71,999.47 while the Nifty 50 touched 21,726.50 so far…
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Source: https://www.ndtvprofit.com/amp/markets/sensex-nifty-hold-onto-gains-as-ril-axis-bank-bajaj-auto-rise-midday-market-update

IOB main branch opened at new location in Puducherry

Lt. Governor Tamilisai Soundararajan inaugurated the Indian Overseas Bank main branch at a new location recently.The main branch of the 75-year-old institution was relocated to a new premises located at No. 29, 45-feet-road, off Anna Salai, a press note from the IOB said.Ms. Soundararajan also handed over passbooks to Sukanya Samridhi depositors, disbursed loan amount to the tune of ₹3.40 crore under government-sponsored schemes to beneficiaries.On the occasion, the Lt. Governor noted that the IOB served as a bridge between the government and people by enabling direct banking services.S. Srimathy, IOB Executive Director; R Rakesh, Chief Regional Manager; J. Ebenezer Sophia, AGM; D…
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Source: https://www.thehindu.com/news/cities/puducherry/iob-main-branch-opened-at-new-location-in-puducherry/article67165040.ece/amp/