Reserve Bank of India (RBI) Governor Shaktikanta Das-chaired Monetary Policy Committee (MPC) raised the repo rate by 50 basis points (bps) to 5.40 percent.
Tata Consultancy Services Limited (TCS) has partnered with Five Star Bank, a subsidiary of Financial Institutions Inc, to aid it in determining lending risks and delivering hyper-personalised customer experiences.
The Reserve Bank has imposed several restrictions, including on the withdrawal of funds, on three cooperative banks in view of their deteriorating financial condition.
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