Author: admin@thebankingtimes.in
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Angel Investor Pallavi S eyes startups raising 15 crore
Angel Investor Pallavi S is seeking 10-15 high-potential startups raising 15 crore or more in healthcare, Al, cleantech, and impact sectors. Alongside her family office and institutional investor network, she aims to provide not just funding but also structured support to help founders connect with the right partners and scale sustainably in India’s growth markets.
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Small cars may get cheaper, big cars like SUVs might get costlier after GST reforms: Report
Small cars may get cheaper after being moved from their current tax slab, 28% GST plus small cess rates of 1-3%, to 18% slab following GST reforms, The Indian Express reported. Meanwhile, bigger cars like SUVs may get expensive as they may be moved to 40% GST category. “Only 5-7 items will be retained in…
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IPO Weekly Roundup
The coming week promises to be an exciting one for Dalal Street investors. A total of seven IPOs are opening across mainboard and SME platforms, giving opportunities to invest in businesses ranging from renewable energy and shipping to aroma chemicals, electrical equipment, and creative industries. Below is a snapshot of the key IPOs lined up.…
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Indian Overseas Bank Issues Stern Warning Over Poor Mobile Banking Registrations
Indian Overseas Bank Issues Stern Warning Over Poor Mobile Banking Registrations In a strongly worded internal communication, the Chief General Manager (CGM) of Indian Overseas Bank (IOB) has expressed deep dissatisfaction with the inconsiderably low number of registrations for the bank’s revamped mobile banking application, IOB Connect, at one of its branches. The letter, marked…
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Vacancies in Public Sector Banks
Vacancies in Public Sector Banks: Government’s Reply in Lok Sabha (Unstarred Q. No. 2441) The Government of India has shared an updated picture of manpower and vacancies across Public Sector Banks (PSBs) in a reply to Lok Sabha Unstarred Question No. 2441 answered on August 4, 2025. The reply, given by Shri Pankaj Chaudhary, Minister…
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Faster Cheque Clearing Ahead: RBI’s Continuous Settlement to Benefit Bank Customers from October 2025
Faster Cheque Clearing Ahead: RBI’s Continuous Settlement to Benefit Bank Customers from October 2025 The Reserve Bank of India (RBI) is set to make cheque processing faster and more efficient,bringing quicker access to funds for bank customers. Starting October 4, 2025,the Cheque Truncation System (CTS) will move from batch-based processing to a continuous clearing and…
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RBI Releases Framework for Responsible & Ethical AI in Financial Sector (FREE-AI)
RBI Releases Framework for Responsible & Ethical AI in Financial Sector (FREE-AI) In pursuance of the announcement made in the Statement on Developmental and Regulatory Policies released with the Monetary Policy Statement on December 06, 2024, the Reserve Bank of India (RBI) set up a committee on December 26, 2024 to develop a Framework for…
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RBI Reiterates Need for Trilingual Communication in Banking Services
RBI Reiterates Need for Trilingual Communication in Banking Services In a move to enhance customer convenience and transparency, the Reserve Bank of India (RBI) has reiterated that all communications to bank customers must be issued in Hindi, English, and the regional language of the concerned area. The directive, emphasised through RBI’s Master Circular on Customer…
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Central Bank of India Management Pushes Aggressive Field Visits to Revive RAM Portfolio; Unions Remain Silent
Central Bank of India Management Pushes Aggressive Field Visits to Revive RAM Portfolio; Unions Remain Silent Mumbai, August 2025: In an urgent move to arrest the declining Retail, Agriculture, and MSME (RAM) portfolio, the top management of Central Bank of India has instructed all branch heads to conduct mandatory field visits between 11:00 AM and…
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Nationwide Financial Inclusion Drive: Over 35 Lakh Re-KYC Completed So Far
Nationwide Financial Inclusion Drive: Over 35 Lakh Re-KYC Completed So Far Banks are running a nationwide Gram Panchayat-level campaign from July 1, 2025 to September 30, 2025 to saturate Financial Inclusion (FI) schemes. The initiative also covers re-KYC of bank accounts, awareness on unclaimed deposits, and resolving customer grievances. The Government and the Reserve Bank…