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After GST payments and central bank interventions in the foreign exchange market, the banking system experienced a liquidity turnaround after only two months, according to financial news reports.

The liquidity in India’s banking system has flipped into a deficit after two months of surplus, mainly due to outflows from goods and services tax (GST) payments. The Reserve Bank of India (RBI) has also been actively intervening in the foreign exchange market...

A major government-backed banking institution is poised to introduce insurance services, and stakeholders can expect the following insights and updates.

The Central Bank of India (SBI) has received approval from the Reserve Bank of India (RBI) to enter the insurance business through a joint venture with Generali Group. The collaboration will focus on two entities: Future Generali India Insurance Company Ltd (FGIICL)...