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FINANCIAL NEWS IN A NUTSHELL

Yatheendradas C.k. at 09:55 PM - Mar 03, 2019 ( ) Views: 210

President Ram Nath Kovind has given his
assent to an ordinance that allows
voluntary use of Aadhaar as ID proof for
obtaining mobile SIM cards and opening
bank accounts. -Business Standard


With less than one month left in the
current fiscal, banks will have to work
overtime to meet the MUDRA loan
lending target of Rs 3 lakh crore, as only
about Rs 2 lakh crore have been
disbursed till Feb 22. As on Feb 22, the
total loan disbursed under the MUDRA
scheme stood at Rs 2,02,668.9 crore as
against sanctioned amount of Rs
2,10,759.51 crore, said a government
data. -Economic Times


Unauthorised surcharging and high MDR
charges are some of the reasons for
impeding growth and sustenance of
digital payments despite all efforts to
promote it, according to a study done by
IIT Mumbai. -Economic Times


Videocon Group chairman Venugopal
Dhoot and former ICICI Bank MD & CEO
Chanda Kochhar’s husband Deepak
Kocchar left Enforcement Directorate’s
Mumbai office after about 12 hour of
questioning. They were called by
Enforcement Directorate, Mumbai for
questioning in ICICI Bank-Videocon loan
case. -Economic Times


Jet Airways passengers may have to
suffer more if their flight is canceled as
full-service carriers Air India and Vistara
snapped cordial agreements with the
debt-laden airline. Air India and Vistara
have terminated ‘flight interruption
manifest (FIM) agreement’ and interline
ticketing agreement facility, respectively,
with the airline. This development comes
at a time when lessors have been
grounding aircraft of the Jet airline. -Business Line


Indian Bank has bagged the Best Bank
Award from the Tamil Nadu government
for meeting the needs of women's
self-help groups (SHGs). At a function in
Salem recently, Chief Minister of the
state K Palaniswami handed over the
award to the executive director of the
bank M K Bhattacharya, a statement said
today. -Moneycontrol.com


In a bid to promote Bahrain as financial
tech hub, the Middle Eastern country is
seeking participation from Indian firms to
become a part of the growing
fintechspace in the region. Bahrain
provides a plethora of opportunities to
Indian fintech firms for open banking,
blockchain, crypto assets, robo advisory
and remittances. -Economic Times


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Yatheendradas C.k. at 06:10 AM - Mar 04, 2019 ( )

Our Markets are closed today on account of Maha Sivarathri.

Suresh Kotha at 05:15 AM - Mar 04, 2019 ( )

TODAY ANY HOlIDAY FOR STOCK MARKET ON A/C OF MAHA SIVA RATHRI

Suresh Kotha at 05:15 AM - Mar 04, 2019 ( )

TODAY ANY HOlIDAY FOR STOCK MARKET ON A/C OF MAHA SIVA RATHRI

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