Further, ICICI Bank said it may be noted that she had opted for superannuation with effect from October 31, 2013. During her employment with the ICICI Group, she received compensation in the form of salary, retiral benefits, bonus and ESOPs, in line with applicable policies.
The total value of Rs 2000 banknotes in circulation, which was Rs 3.56 lakh crore at the close of business on May 19, 2023, when the withdrawal of Rs 2000 banknotes was announced, has declined to Rs 7261 crore at the close of business on August 30, 2024, the RBI said.
India’s microlending industry witnessed slower growth and recovery problems in the first quarter of the financial year due to multiple industry factors, said industry association Sa-Dhan in a press release.
Proposed changes in liquidity coverage ratio framework to further moderate the reported liquidity coverage ratio (LCR) and constrain the credit growth for banks, says Icra
Rising inventory levels, along with moderating profitability to temper credit metrics
RBI Governor Shaktikanta Das speech full text at Global Fintech Fest
Of the remaining two applications, one application has been returned with a provision for resubmission after meeting certain requirements. The third application is under examination, the RBI said.
This may impact consumers in India in getting service and transactional messages from banks, financial institutions, and e-commerce platforms
Presently, entities only register their headers and templates with telecom operators, without including the actual content of the messages. Starting in September, telcos must implement a system to read and verify the content of commercial messages against their records. Messages that do not match the registered content will be blocked.
Till now, more than 53.14 crore beneficiaries banked under PMJDY since inception, the data showed.
PMJDY accounts grow 3.6 -fold from 15.67 crore in March 2015 to 53.14 crore as on 14-08-2024
Around 55.6% Jan-Dhan account holders are women and around 66.6% Jan Dhan accounts in rural and semi-urban areas, per the data.
