NEWS ROUND-UP FOR THE MONTH OF OCTOBER
( 16/10/2022 - 23/10/2022 )
Digital Banking Units (DBUs), are specialised branches for delivering digital banking products and services & is the next big step in India’s march to digital banking.
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The Odisha government declared that they have abolished all contractual hiring for state government posts and is an outcome of the state’s improved economy.
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Odisha abolishes contractual recruitment, regularises 57,000 contractual workers - Hindustan Times
Global payments services provider Worldline has joined hands with NPCI International Payments in a move to expand the acceptance of Indian payment means across Europe.
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As a new arrangement, India Post Payments Bank (IPPB) and Reserve Bank Innovation Hub (RBIH) will plan, design and execute innovative products and offerings to bridge the existing gap by bringing digitalised services at the customer's doorstep.
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The Enforcement Directorate had carried out search operations in connection with its probe into the Chinese loan apps fraud case. The Chinese loan app case is based on 18 FIRs registered by Cyber Crime Police Station, Bengaluru City against several entities/persons.
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ED freezes deposits worth ₹78 cr after searches at Razorpay, others | Mint
A survey by the Centre for Monitoring Indian Economy indicates that consumer sentiments climbed to a 30-month high in September 2022.