Daily Archives: September 8, 2023

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Thomas Cook launches India’s first Rupay prepaid forex card

Ancillary ServicesBy Surendra Naik September 8, 2023

The Worldwide travel agency cum Forex Services Company Thomas Cook (India) Ltd (TCIL) and the National Payments Corporation of India (NPCI) have launched India’s first RuPay prepaid forex card for Indians travelling to the United Arab Emirates (UAE). The omnichannel travel company TCIL is offering a broad spectrum of services including foreign exchange, corporate travel,…

RBI decides to discontinue incremental CRR cash reserve ratio

Reserve Bank Functions and newsBy Surendra Naik September 8, 2023

The Reserve Bank of India on Friday announced that it will discontinue incremental cash reserve ratio (I-CRR) in a phased manner. The central bank had announced the measure in its August 10 monetary policy meeting wherein scheduled banks were required to maintain an I-CRR of 10 per cent on the increase in their net demand…