Banks looking at possibility of rupee trade with Bangladesh, African nations

India imported goods worth USD 3,520.83 million from Egypt, of USD 1,004.24 million from Algeria and USD 2,725.08 million from Angola in the last financial year. As far as Bangladesh is concerned, the import in the last year from the neighbouring country stood at USD 1,977.93 million, according to the data provided by the commerce ministry.

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Microfinance loans up 11 pc to Rs 71,916 cr in Q2 FY23: Report

According to the MFIN Micrometer Q2 FY2022-23 report, the country's microfinance loan portfolio stood at over Rs 3 lakh crore at end-September 2022, serving 6.2 crore unique borrowers with 12 crore loan accounts.

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Karnataka Digital Economy Mission seeks formulation of ‘Karnataka FinTech Policy’

State govt may set up a regulatory help desk to help fintech firms understand how regulatory frameworks apply to them

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IDFC First Bank announces waiver of charges on customer-centric services

The lender said it has waived fees on 25 commonly used banking services related to savings accounts such as cash deposit and withdrawal at branches, third party cash transactions, demand drafts, IMPS, NEFT, RTGS, cheque book, SMS alerts, interest certificates, insufficient balance for ATM transactions, international ATM usage and so on.

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YES Bank assigns ₹48,000 cr stressed loans to JC Flowers ARC

Post the assets sale, YES Bank’s gross NPA is expected to fall to 2 per cent from 13 per cent in September.

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