HDFC bank revealed that the current supervisory action will not have a material impact on the bank’s operations. After frequent technical disruptions that plagued HDFC Bank’s online services, the Reserve Bank of India (RBI) ordered all new digital launches and the supply of new credit cards to be halted temporarily. …
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HDFC Bank to stop digital activities The Reserve Bank of India (RBI) has banned HDFC Bank from adding new credit card customers or launching digital businesses after its digital payment services were hit by technical outages last month. In an order dated December 2, 2020, the central bank also took …
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MUMBAI: China has started importing Indian rice for the first time in at least three decades due to supplies shortages and India’s offer of deeply discounted prices, Indian industry officials told Reuters. India is the world’s largest rice exporter and China is the largest importer. Beijing imports about 4 million …
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NEW DELHI: DBS Bank India on Monday clients of Lakshmi Vilas Bank (LVB), which has now merged with it, can continue to access all banking services, and interest rates on savings and fixed deposits have not changed as of now. Lakshmi Vilas Bank has now merged with DBS Bank India …
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MUMBAI: Meteorologists are revising their projection for the current prosecutor GDP growth after better than expected figures for the second bedroom. Most economists expect India’s GDP to shrink between 6% and 8% in FY21. Until last month, international agencies such as the IMF expected the economy to contract by 10%. …
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NEW DELHI / MUMBAI: Manish Mehra, owner of Washex Hospitality, an industry laundry service, recently flew from Delhi to Jodhpur, a city in northwestern India, to secure a contract to service a large government-run hospital, an essential step in getting his business up and running. “For a new relationship it …
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NEW DELHI: The Air India group isn’t exactly known for its punctuality, but Alliance Air on Saturday deliberately delayed a flight to transport harvested organs from Jaipur to Delhi, ultimately saving four lives. A 49-year-old woman, who had donated her organs, died in Jaipur. The lives of four critically ill …
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NEW DELHI: Niti Aayog (Agriculture) member Ramesh Chand has said protesting farmers have not fully or correctly understood the new agricultural laws, affirming that these laws have the potential to increase farm income big time. He further said that the motive behind the three new farm laws is the exact …
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NEW DELHI: The CBI on Saturday he carried out a bulk search operation at 45 locations in four states after filing a case against suspected coal thief Anup Manjhi, who is suspected of colluding with two general managers and three members of Eastern Coalfields Ltd (ECL) security personnel, authorities said. …
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NEW DELHI: Prime Minister Narendra Modi began his visit to three cities on Saturday to review coronavirus vaccine development work by going to Senior Pharmacist Zydus Cadilamanufacturing plant near Ahmedabad. Using a PPE kit, Modi reviewed the vaccine development process at the Zydus Cadila research center in the Changodar industrial …
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