Assurance Banking

Thursday, 08 December 2022

Latest News for: Assurance banking

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RBI relaxes UPI payments for e-commerce spends

Financial Express 08 Dec 2022

The Reserve Bank of India (RBI) on Wednesday allowed users to block their funds in their bank accounts using Unified Payments Interface (UPI), which can be used to make specific payments later on ... Banks should not ask for verification at branch level if customer does e-KYC ... Centre gives more assurances to potential buyer of IDBI Bank.

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Diri Orders Distribution of Relief Materials, Lauds Donors

This Day 08 Dec 2022

The governor also disclosed that the South Korean Ambassador to Nigeria donated $100,000; Access Bank, N100 million; Zenith Bank, N20 million; Linkage Assurance, N20 million; Sterling Oil N15 million, Paache Construction, N10 million and AITEO N50 million among others.

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Emefiele: Govt’s Cashless Policy Subject to Periodic Review

This Day 08 Dec 2022

So there is no need for anybody to worry, the central bank is monitoring what is happening and I can assure everyone that we are up and alive to our responsibilities and we will do what is right for Nigeria and Nigerians.” ... Emefiele, who disclosed that the banks have gotten ...

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Banks can use higher HTM limits till FY24

Financial Express 08 Dec 2022

The Reserve Bank of India on Wednesday extended the timeline for banks to use enhanced limits on held-to-maturity (HTM) investments till March 31, 2024 ... Banks should not ask for verification at branch level if customer does e-KYC ... Centre gives more assurances to potential buyer of IDBI Bank ... RBI reviewing regulation of banks’ non-core business.

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Foreign banks threaten to pull out if forced to implement interest-free regime, Senate panel told

Dawn 08 Dec 2022

The FBR team assured the members that while there was a comprehensive mechanism starting from suspicious transaction reports from banks, the financial monitoring unit (FMU), third-party inquiries and so on, it insisted that tax evasion beyond Rs10 million was also a predicated offence under the AMLA, passed by parliament in 2016.

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Hide your pin number: India ATM now dispenses gold coins

Financial Express 08 Dec 2022

A 100-gram coin is worth around $7,000, making the need to hide your pin number from whoever’s waiting in line behind you even more urgent. Follow Us ... Banks should not ask for verification at branch level if customer does e-KYC. RBI ... Banks can use higher HTM limits till FY24. Centre gives more assurances to potential buyer of IDBI Bank. Also Read.

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Order granting bail to DHFL’s Wadhawans not to be given effect to till Feb 1: Delhi High Court

Financial Express 08 Dec 2022

... with a multi-crore bank loan scam case, shall not be given effect to till February 1, next year ... Banks should not ask for verification at branch level if customer does e-KYC ... Banks can use higher HTM limits till FY24. Centre gives more assurances to potential buyer of IDBI Bank.

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Reliance General Insurance seeks ‘urgent’ help of Rs 600 crore from RCap to preserve business, boost solvency

Financial Express 08 Dec 2022

Follow Us ... Also Read ... Banks should not ask for verification at branch level if customer does e-KYC. RBI ... Banks can use higher HTM limits till FY24. Centre gives more assurances to potential buyer of IDBI Bank. The borderline solvency is creating business hesitation among corporate clients, governments and key retail and bank partnerships ... .

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The Rev. Mark Creech: Nothing safe about the SAFE Banking Act

Winston-Salem Journal 08 Dec 2022

Even if the SAFE Banking Act is passed, studies show marijuana shops will continue to attract crime ... Despite the assurances of pro-legalization and profit-driven interest groups, the SAFE Banking Act fails to address the fact that marijuana shops increase crime rates and would give financial cover to cartels.

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Rating agencies say ban on short-term loan securitisations to crimp volume

Financial Express 08 Dec 2022

The ban imposed by the Reserve Bank of India (RBI) on short-term loan securitisation will hit the industry, especially gold and personal loan ... Banks should not ask for verification at branch level if customer does e-KYC ... Centre gives more assurances to potential buyer of IDBI Bank.

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Banks should not ask for verification at branch level if customer does e-KYC: RBI

Financial Express 07 Dec 2022

A bank should not be demanding from a customer to walk into the branch for verification/updates ... A bank should not be demanding from a customer to walk into the branch for verification/updates ... Centre gives more assurances to potential buyer of IDBI Bank. Capital infusion into state-run banks unlikely next fiscal.

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Morgan Stanley planning layoffs

Taipei Times 07 Dec 2022

As fewer Bank of ... That would mean the New York-based company would have to make some tough decisions, especially as a soft landing is far from assured, Solomon said, adding that the US could see a recession next year, even though the bank’s economists say it could still avoid one.

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Bankers hail RBI monetary policy actions

Financial Express 07 Dec 2022

Citi India chief executive Ashu Khullar said if inflation continues to trend down, the central bank may adopt a more growth-oriented policy going forward ... Centre gives more assurances to potential buyer of IDBI Bank. Banks should not ask for verification at branch level if customer does e-KYC.

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Farmers of color sue government for promised federal aid

Decatur Daily 07 Dec 2022

... said the promised federal payments would enable him to save his farm from a bank foreclosure ... Walker said he had other options to resolve the farm's financial problem but then local bank officials assured he would be OK because of the upcoming federal debt relief payments.

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‘Digital rupiah’ won’t cut out banks, fintech, BI claims

The Jakarta Post 06 Dec 2022

BI sought to assure banks that the digital rupiah would not affect the liquidity required by the sector, as the currency would be similar to the physical banknotes that ...