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ALMS
RBI removes cap on NRI deposit rates until SeptemberThe Reserve Bank of India has temporarily removed interest rate ceilings on non-resident deposits, allowing banks to freely mobilize overse...- RBI temporarily withdraws rate caps on FCNR(B), NRE deposits till Sept 30The Reserve Bank of India has removed interest rate caps on specific non-resident deposits. This move grants banks more freedom to attract ...
- Nifty Bank rallies 1,000 points; HDFC Bank, IndusInd, Yes Bank, and other stocks jump up to 3%. What lies ahead?Banking stocks rallied sharply on Monday, pushing the Nifty Bank index nearly 1,000 points higher as easing geopolitical tensions and falli...
- You'll always have mummy-papa bankAfter spending 46 years as a sadhu, an Indian man returned to his hometown, humbly requesting alms from his aging mother. This poignant mom...
- In 1980, a 15-year-old boy vanished. Today, at 61, he reappeared at his mother's door, bringing tears, surprise & emotion to an Uttarakhand villagePithoragarh sadhu returns home: A man who disappeared from his Uttarakhand village as a teenager returned home after 46 years as a sadhu to...
- PwC finds accounting lapses in IndusInd treasury operationsA confidential PwC review of IndusInd Bank's treasury operations revealed significant accounting irregularities. Manual entries were used t...
- Time to ReawakenHajj is the annual Islamic pilgrimage to Mecca in Saudi Arabia and is considered a once-in-a-lifetime religious duty for Muslims who are ph...
- Mayuresh Joshi's top picks: Chemicals the dark horse, underweight on ITIndian markets delivered strong earnings, but opportunities vary. Autos show stable demand with input cost risks. Chemicals are a potential...
- Quote of the Day by Maxim Gorky: “Truth doesn’t always heal a wounded soul” — powerful lesson on why honesty can hurt and kindness matters in real life from the famous Russian writerToday's quote of the day by Maxim Gorky shares a simple life lesson. It explains that truth can sometimes hurt instead of helping. The stor...
- Vaishno Devi 'silver' offerings scam: Mint finds toxic fake metal in donationsSilver offerings at Mata Vaishno Devi Shrine are not pure silver. Assayers found offerings contained only 5-6% silver, with the rest being ...
- No Tinku, Chotu, Ojasvi & more: Rajasthan may flag your child’s name under this initiativeRajasthan's Sarthak Naam Abhiyan, intended to provide meaningful student names, has sparked controversy due to an inappropriate draft list....
- Unknown person booked for giving alms to beggar in Indore, may face imprisonment if convictedIndore police filed an FIR against an unidentified individual for giving alms to a beggar, violating a citywide ban aimed at making Indore ...
- Giving alms to beggars in Indore to become a crime from January 1; FIRs to be filed by policeIndore will penalize anyone giving alms to beggars starting January 1, 2025, expanding a previous ban on giving to child beggars. This init...
- Indore: Giving money to beggars may now land you in jail as city terms it a crime starting next yearIndore city is going beggar-free. Authorities will register FIRs against those giving alms from January 1, 2025. An awareness campaign will...
- ETtech Explainer: Is Apple’s ReALM better than OpenAI’s GPT-4?Apple discussed its large language model (LLM) Reference Resolution As Language Modeling (ReALM) and how it can “substantially outperform” ...
- This 'digital' beggar from Bihar accepts alms via e-walletInspired by Prime Minister Narendra Modi's Digital India Campaign, a 40-year-old beggar from Bihar gives people options to pay him alms via...
- Soon, bank-type asset liability management norms for NBFCsRBI plans to strengthen the asset liability management framework for NBFCs to avoid an IL&FS-like mess.
- Beggar's alms fund Rs 1 lakh pigeon towerPriests of a famous Shiva temple in Bhuj will oversee the construction of a pigeon-tower, which will cost Rs 1.15 lakh that Popat has colle...
- Importers begging for respite from depreciating rupee, gets better for dollar beggarsOutbound travellers and importers may be begging for a respite from the fast-depreciating rupee, but those in the business of receiving alm...
- ALM: It's all about risk managementPut simply, as the term suggests, it is about managing and balancing the risks arising out of a bank's assets - loans and liabilities - dep...
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