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Rupee drops 37 paise against US dollar ahead of June monetary policy meet

Business Standard

Rupee drops 37 paise against US dollar ahead of June monetary policy meet The rupee depreciated almost half a percentage point against the dollar on Monday, ahead of the June monetary policy review meeting and after the Opec-plus countries decided to cut supply. The Indian rupee closed at 82.68 a dollar as compared to the previous close of 82.31, ...

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RBI Governor launches financial inclusion dashboard ‘Antardrishti’

Business Standard

RBI Governor launches financial inclusion dashboard ‘Antardrishti’ RBI Governor Shaktikanta Das on Monday launched a financial inclusion dashboard named ‘Antardrishti’. The dashboard would, as its name suggests, provide the necessary knowledge to evaluate and track the development of financial inclusion by recording relevant data, according to a statement. First Published: Jun 05 2023 | 11:28 PM IST

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Expected pause, surprise on stance?

Business Standard

Expected pause, surprise on stance? A positive growth surprise from the gross domestic product (GDP) data and a downside inflation surprise from the recent consumer price index (CPI) prints provide a touch of ‘Goldilocks’ in the backdrop of the June Monetary Policy Committee (MPC) meeting. The predictability quotient is high for the June MPC as there is near unanimity among ...

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Liberty General Insurance sets up helpline to process claims

Business Standard

Liberty General Insurance sets up helpline to process claims Insurance provider Liberty General Insurance on Monday said it has set up a dedicated 24/7 helpline facility to serve the families of the victims who lost their lives in the Balasore train accident that left at least 275 people dead and 1,100 injured. Liberty General Insurance provides personal accident ...

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Life certificate submission at any branch, online deposit claim settlement: RBI committee’s major recommendations

Life certificate submission at any branch, online deposit claim settlement: RBI committee’s major recommendations [ad_1] Last year, the Reserve Bank of India (RBI) had formed a committee to examine the customer services provided by RBI-regulated entities (RE) such as banks, non-bank financial companies (NBFCs), and payment service operators. This Committee’s mission was to monitor and review the quality of customer ...

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RBI-appointed panel suggests host of customer-centric initiatives for banks

Business Standard

RBI-appointed panel suggests host of customer-centric initiatives for banks An RBI-appointed panel on Monday recommended hosts of customer-centric initiatives for banks, including online settlement of claims by heirs of deceased account holders, flexibility for submission of life certificates by pensioners and a centralised KYC database. The report of the Committee for Review of Customer Service Standards in RBI ...

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How to avoid TCS when your child goes abroad for higher education

Business Standard

How to avoid TCS when your child goes abroad for higher education New Delhi: If you are planning to send your children overseas for higher education, you need not panic about the 20 per cent tax collected at source (TCS) rule, which will apply to other foreign remittances from July 1, 2023, as the finance ministry has clarified that the ...

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Withdraw money from ATM using UPI: Bank of Baroda launches new facility; how to use

Withdraw money from ATM using UPI: Bank of Baroda launches new facility; how to use [ad_1] Bank of Baroda announced the launch of Interoperable Cardless Cash Withdrawal (ICCW) facility using UPI on its ATMs. In May 2022, the Reserve Bank of India (RBI) has asked all banks to provide customers with the option of Interoperable Card-less Cash Withdrawal (ICCW) at ...

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Here are the money changes and PF deadlines for June 2023

Business Standard

Here are the money changes and PF deadlines for June 2023 Several regulatory changes are likely to impact your money management this month. Not only will your car insurance get more expensive this month, but you can also start investing for your child in mutual fund schemes from your own account rather than having to open a joint account for ...

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