SBI in RBI Talks for Lower CRR on Green Deposits
State Bank of India (SBI), the nation’s largest lender, is in talks with the Reserve Bank of India (RBI) to lower the cash reserve ratio (CRR) requirement on green deposits, a new scheme launched by the bank to fund green and climate-friendly projects. The bank hopes that a reduction in CRR will make green deposits […]
South Indian Bank: Winner of Best Tech Bank
South Indian Bank has been honoured with the title of Best Technology Bank of the Year Award at the 19th IBA Annual Banking Technology Conference, Expo & Citations. The bank’s outstanding performance was recognised with a total of six prestigious awards. In this article, we will look at the achievements of South Indian Bank in […]
Centralised Processing Centre Begins for Company Filings
The government has launched a new initiative to process various forms and applications filed by companies and LLPs in a centralised and faceless manner. The initiative is called the Central Processing Centre and it aims to provide ease of doing business and faster processing of corporate filings What is Centralised Processing Centre and how does […]
Strata: India’s First Full-Exit Fractional Platform
Strata, India’s largest commercial real estate investment platform, has announced the successful sale of its warehouse asset in Jaipur, delivering a return on investment of 13-14% to its investors over a period of two years. With this sale, Strata becomes the first fractional ownership platform (FOP) in the country to offer a full exit to […]
Japan Now World’s Fourth-Largest Economy
Japan has lost its spot as the world’s third-largest economy to Germany, after slipping into recession in 2023. The country’s GDP in dollar terms fell to $4.2 trillion, compared with $4.5 trillion for Germany, according to data released on Thursday. Japan’s economy contracted by 0.1% in the fourth quarter of 2023, following a revised 0.8% […]
IRDA’s 30-Day Free-Look Period for Insurance
If you have ever bought an insurance policy and regretted it later, you might be aware of the free-look period. It is a provision that allows you to return the policy within a specified time frame and get a refund of the premium paid, subject to certain deductions. The Insurance Regulatory and Development Authority of […]
TeamLease EdTech, NSDC’s Joint Venture
What is the partnership between TeamLease EdTech and NSDC? TeamLease EdTech, a leading provider of online education and skill development solutions, and the National Skill Development Corporation (NSDC), a public-private partnership under the Ministry of Skill Development and Entrepreneurship, have entered into a partnership to foster employability through skill development by endorsing work-integrated degree programmes. […]
Fungal Keratitis: Cipla, CSIR-CDRI’s New Venture
It is a serious eye infection that can lead to blindness. It is caused by fungi that invade the cornea, the transparent layer of the eye. It affects around 1.2 million people worldwide every year, especially in tropical countries where agricultural workers are at higher risk. The current therapies for fungal keratitis are not very […]
India Denies EU’s ‘Data Exclusivity’ for Drug Firms
India has refused to accept the demand of four European countries to include a data exclusivity provision in the proposed free trade agreements (FTA). The government said it will protect the interests of the domestic generic drug industry, which contributes to India’s exports and provides affordable medicines. What is data exclusivity? It is a form […]
RBI, NRB Merge UPI, NPI for Global Money Transfers
The Reserve Bank of India (RBI) and Nepal Rastra Bank (NRB) have taken a major step towards enhancing financial connectivity between the two neighbouring countries. On February 15, 2024, the central banks of India and Nepal signed and exchanged the Terms of Reference for the integration of their fast payment systems, namely, the Unified Payments […]