One of the principal claims made by Ripple for XRP is that it would free up $5tn that is “sitting dormant” in bank nostro/vostro accounts around the world. In a blogpost, Ripple says that this “ties up capital that could be used in more productive ways.” Using a digital...
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February 11, 2019 Loknath Das
Banking
No Comment
A day after three PSU banks were removed from Prompt Corrective Action (PCA) framework of the RBI, Finance Minister Piyush Goyal Friday expressed hope that other remaining 8 lenders will be out of the list soon. Various steps taken by the government has helped the banks significantly and as a...
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February 1, 2019 Loknath Das
Banking
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It already provided Rs 51,533 crore to a clutch of state-run banks by end-December. The government has indicated to state-run banks that it will finalise the infusion of over `54,000 crore into public sector banks (PSBs) once their results for the December quarter are out in February, banking...
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January 29, 2019 Loknath Das
Banking
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Hard work always pays off nicely. Senior man signing a check. Close up. Focus on hand.GETTY OBSERVATIONS FROM THE FINTECH SNARK TANK What’s the biggest money-related lie? Until recently, it was “the check is in the mail.” With the growing prevalence of digital bill payment, however, fewer of...
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January 28, 2019 Loknath Das
Banking
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Bank job aspirants have found themselves in a fix with two crucial examinations being scheduled on the same day. The Institute of Banking Personnel Selection (IBPS) and Lakshmi Vilas Bank (LVB) have both listed their recruitment exams for January 20 (Sunday), leaving candidates in a predicament. IBPS conducts...
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January 15, 2019 Loknath Das
Banking
No Comment
SBI’s move is in line with the circular (dated July 6, 2017) issued by Reserve Bank of India (RBI). The deadline for registering State Bank of India (SBI) internet banking with mobile number ends on November 30, 2018 i.e. today. Customers failing to register it will not be...
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December 1, 2018 Loknath Das
Banking
No Comment 
