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IndusInd Bank has participated in various sports-related initiatives through its non-banking division, IndusInd For Sports. In August 2024, the bank formed a partnership with the Paralympic Committee of India to serve as the Official Banking Partner for the Paris 2024 Paralympic Games, which were held from August 28 to September 8 in Paris ...
The scheduled banks are those included under the 2nd Schedule of the Reserve Bank of India Act, 1934. The scheduled banks are further classified into: nationalised banks; State Bank of India and its associates; Regional Rural Banks (RRBs); foreign banks; and other Indian private sector banks. [7]
De Facto Classification of Exchange Rate Arrangements, as of April 30, 2021, and Monetary Policy Frameworks [2]; Exchange rate arrangement (Number of countries) Exchange rate anchor
This is a list of banks which are considered to be Scheduled Banks under the second schedule of RBI Act, 1934. [1] [2]At end-March 2024, India’s commercial banking sector consisted of 12 public sector banks (PSBs), 21 private sector banks (PVBs), 45 foreign banks (FBs), 12 SFBs, six PBs, 43 RRBs, and two LABs.
A cooperation between Indraprastha Gas and IndusInd Bank was launched, with the aim of enabling the usage of digital rupee at specific gas stations within the National Capital Region (NCR) area. [73] Using programmable digital rupees, IndusInd Bank completed transactions on 22 April 2024, to compensate farmers for carbon credits. Farmers are ...
Currency mismatch risk: Assets and liabilities on the balance sheets may be in different denominations. This may arise if the bank converts foreign currency deposits into local currency and lends in local currency or vice versa. Default risk: Arises if the bank uses the foreign currency deposits to lend in foreign currency. [27]
BRASILIA (Reuters) - Brazil's central bank forthcoming digital currency, set to launch next year, will be named DREX, it announced on Monday, aiming to use the currency to boost financial services.
IndusInd Bank and Thailand based financial service provider DeeMoney will use UPI ID to verify customers in India for cross border transaction. This is part of the Money Transfer Operator (MTO) partners programme of NPCI. [134] IndusInd Bank is planning to collaborate with more foreign entities to increase acceptability of UPI abroad. [135]