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Cabinet approves Infusion of capital by Government in IDBI Bank The Union Cabinet has approved the infusion of Rs 4,557 crore (US$ 652 million) by Government of India in IDBI Bank....

IBEF September 04, 2019

Latest PSB merger could create Rs 5,000 crore business in IT outsourcing The central government's decision to merge 10 public sector banks (PSBs) will create a huge opportunity for both Indian and global players in information technology (IT)....

IBEF September 03, 2019

Digital payments growing in India at 12.7% CAGR: KPMG In a short span of two to three years, number of merchants accepting digital payments modes has increased to over 10 million in India....

IBEF August 30, 2019

RBI approves a record Rs 1.76 trillion surplus transfer to government The Reserve Bank of India (RBI) has decided to transfer a record Rs 1,23,414 crore (US$ 17.65 billion) of its surplus to the central government....

IBEF August 27, 2019

SBI aims to eliminate debit cards SBI took a step forward to eliminate debit cards to promote more digital solutions instead of using plastic cards....

IBEF August 21, 2019
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