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Wednesday, November 20, 2024

DBT: RBI pulls up banks for freezing accounts over KYC



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Gold prices surge to Rs 78,050 per 10 grams, silver rose Rs 1,500 to 93,500 per kg

Gold prices in India soared by Rs 600 on Tuesday, reaching Rs 78,050 per 10 grams, fueled by strong global trends and wedding-season demand. Silver also saw a significant increase, rising by Rs 1,500 to Rs 93,500 per kg. Analysts attribute the surge to geopolitical tensions, a weaker dollar, and predictions of increased central bank gold purchases.

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Tuesday, November 19, 2024

Big change coming in gold loans? Soon, you may be able to repay in EMIs

The Reserve Bank of India (RBI) has identified irregularities in gold loan disbursements. Lenders are now developing EMI options and term loan alternatives for gold-backed lending, moving away from the traditional bullet repayment method.

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Private banks misreporting complaints as queries: Shaktikanta Das



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Monday, November 18, 2024

Banking systems driven by investment options: SBI chairman

SBI Chairman CS Setty highlighted the shift in investment trends, attributing it to improved ease of business and digitalization. He acknowledged that banks haven't prioritized deposit mobilization adequately in recent years. Despite this, Setty expressed optimism about the future of bank deposits, anticipating their resurgence as income levels rise.

from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/kpFasyz
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