Sethuraman appointed additional director on Reliance Capital board

Angarai Natarajan Sethuraman has been appointed as an additional director on the board of Reliance Capital.Sethuraman, who is currently Group Presiden

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After 863-day wait, SBI set to recover this much as ArcelorMittal pays up for Essar Steel; what’s next for IBC

After a long wait of 863 long days, banks including SBI, IDBI Bank, Canara Bank, PNB among others have recovered a whopping Rs 42,000 crore, after ArcelorMittal made the promised repayment following resolution of Essar Steel.

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Google cites UPI learnings to US Federal Reserve for proposed RTGS system

Proposed FedNow likely to be introduced by 2023-2024

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Banking for the super rich: Cool, crazy and confidential

From arranging “a romantic spot” on the Great Wall of China for a besotted entrepreneur to procuring a limited edition Louis Vuitton clutch for a South Mumbai socialite, placing a huge “will you marry me” billboard on behalf of a smitten heir to arranging life-sized ‘statuette’ wedding cakes – the supplications of banks on behalf of their rich clients are endless and often bordering varied oddities.

from Banking/Finance-Industry-Economic Times https://ift.tt/2LVjh4r

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Lenders recover Rs 38,896 crore from Essar Steel sale to ArcelorMittal

State Bank of India (SBI) has said its efforts on the corporate insolvency resolution process (CIRP) front yielded spectacular results with recovery o

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