Previously, Indian residents planning to invest abroad were required to open bank accounts in foreign jurisdictions before accessing global equity markets. Similarly, parents financing their children’s foreign education had to initiate the process of opening a foreign bank account.
Swaminathan urged CFOs to invest in technology and data analytics which would empower them to provide more accurate and real-time financial insights.
SBI becomes the first PSB to provide an end to end digital loan against mutual fund units
Loan against MF available for MF scheme of all the AMCs registered with CAMS
Indians travelling to Qatar will soon be able to make QR Code-based UPI merchant payments through QNB merchant network
Mumbai, July 11, 2024:
Standard Chartered Bank is the Social Loan Coordinator for this transaction
For the full year 2023-24, Bank of India’s net profit jumped by 57%, which went up from Rs. 4,023 crores in FY23 to Rs. 6,318 crores for FY24.
In a nutshell, the amendments state that a resolution plan shall not automatically release guarantors from their liabilities
The proceeds of bonds will be utilized in enhancing long term resources for funding infrastructure and affordable housing segment.
Earlier, reports had emerged that the Government is considering a list of banks to privatise in this round drawing comfort from the healthy market sentiments and reform-intent. But, a top government official said this is unlikely to happen this time.
