#Finance

.New Delhi, Delhi, India
The RBI on Wednesday asked banks and other regulated financial entities not to impose any restriction against customers for failure to update KYC till December end. (Photo Credit: Twitter/@ANI)

  • The RBI has also decided to extend the scope of video KYC or V-CIP
  • RBI Governor Shaktikanta Das said this while announcing steps to deal with the COVID pandemic
  • "We will work in close co-ordination with the government to ameliorate the extreme travails": RBI

MUMBAI, India, May 4, 2021 /PRNewswire/ -- Larsen & Toubro Infotech (BSE: 540005) (NSE: LTI), a global technology consulting and digital solutions company, announced its Q4 FY21 and full year ...

.New York, NY, USA
Both the Dow and Nasdaq finished modestly lower for the week. (Photo Credit: Representational Image/Pixabay)

  • Dow Jones Industrial Average finished down 0.5% at 33,874.85
  • Personal income surged 21.1% in March and personal consumption expenditures rose 4.2%
  • Twitter plunged 15.1% after weaker-than-expected earnings

New Delhi, Apr 28 (PTI) Expenditure Secretary T V Somanathan has been designated as the Finance Secretary, a Personnel Ministry order issued on Wednesday said.

.Toronto, Ontario, Canada

Without making careful planning, flexible expenses, which mainly vary, can ...

.Ontario, CA, USA
The budget also revealed an accelerated plan to reduce Canada's greenhouse gas emissions by 36% from 2005 levels by 2030. (Photo Credit: Twitter/@cafreeland)

  • This marks the government's first full fiscal plan in two years
  • Rent, wage subsidies, and  emergency aid to be extended till September
  • Can$17.6 billion earmarked to support companies in cutting  carbon emissions

.Mumbai, Maharashtra, India
At 9.45 am on Monday, the stock market index was at 47,443.78 points down 1,388.25 pts (2.84%). (Photo Credit: UnSplash)

  • Sensex crashed 1300 points and came down to 47,494 points in early trade on Monday
  • Nifty was below 14,300 on the opening bell
  • Almost all stocks were in red, led by banking and finance stocks such as IndusInd Bank, Bajaj Finance, ICICI Bank, and SBI

RTGS stands for real-time gross settlement. (Photo Credit: Representational Image/ Unsplash)

  • The Reserve Bank of India has notified all the bank users that they will not be able to use the real-time gross settlement 
  • The facility will be unavailable from April 17, 2021 till 2 PM on Sunday, April 18, 2021
  • The RBI said that there were changes being made in technical aspects of the facility

Citibank currently employs around 19,000 individuals in India. (Photo credit: Instagram/@citi)

  • Citibank has announced that it will be pulling out of consumer banking in a total of 13 countries in Asia
  •  There would be no immediate operational changes for Citibank customers in India
  • The corporation entered the consumer banking business in India in 1985

Downsizing its global consumer banking footprint by a significant proportion, Citigroup will be shifting its focus to wealth management. (Photo credit: Instagram/@citibank)

  • Citigroup has reported first-quarter profit of $7.9 billion in 2021
  • Most of the markets it will exit from are in Asia
  • The bank has about 200 branches in these markets