Concept of Central Bank Digital Currency (CBDC) e-rupee – RBI released a concept note on the digital rupee (e-rupee) on 7th October 2022. The Government of India had also announced the launch of a CBDC in its 2022 Union Budget. E-rupee is a digital version of the Indian rupee. The RBI has announced its issue…
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The license of Seva Vikas Co-operative Bank cancelled – The license of Pune-based Seva Vikas Co-operative Bank is cancelled by the Reserve Bank of India RBI. The bank ceases to carry on banking business, with effect from the close of business on October 10, 2022. Earlier in August 2022, it had cancelled the license of…
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TCS September quarter Results update – TCS being a major IT player Tata Consultancy Services (TCS) has all set to start its Q2FY23 earnings season on October 10. Earlier it was seen that its shares have fallen 20 percent year-to-date (YTD) but it still outperformed its IT peers by a healthy margin. TCS is all…
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