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RBI injects 75,000 crore into the banking system as liquidity tightens due to tax outflows

RBI injects 75,000 crore into the banking system as liquidity tightens due to tax outflows
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War on inflation must continue

A cut in duties on petrol and diesel, GST rates and further increase in interest rates may be some options to fight price rise.

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Stocks To Watch: Paytm, Vodafone Idea, Vedanta, Infosys

The domestic stock indices are expected to trade cautiously on Friday, taking cues from the global markets.

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Paytm gets scheduled bank status

While a payments bank cannot access the call money market or the interbank line, a scheduled bank can

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Paytm Payments Bank gets RBI nod for scheduled bank status

The bank can participate in government and other large corporations issued Request for Proposals (RFP), primary auctions, fixed-rate and variable rate repos, and reverse repos, along with participation in Marginal Standing Facility.

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