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Canara Bank Removes Minimum Balance Rule for All SB Accounts

Canara Bank Removes Minimum Balance Rule for All SB Accounts: Canara Bank has waived the minimum balance requirement across all its savings bank (SB) accounts, including regular savings, salary, and NRI accounts. This decision eliminates Average Monthly Balance (AMB)-related penalties, making Canara Bank the first major public sector bank in India to implement such a […]

RBI Grants In-Principle Approval to PayPal and Worldline for Cross-Border Payment Aggregation

RBI Grants In-Principle Approval to PayPal and Worldline for Cross-Border Payment Aggregation: The Reserve Bank of India (RBI) has granted in-principle approval to PayPal Payments and Worldline ePayments India to operate as cross-border payment aggregators (PAs) under the Payment and Settlement Systems Act, 2007. This move is set to boost India’s position in global trade […]

Germany Becomes the World’s Top Creditor, Overtaking Japan After 34 Years

Germany Becomes the World’s Top Creditor, Overtaking Japan After 34 Years: Germany has overtaken Japan as the world’s top creditor country in 2024, ending Japan’s 34-year reign. This change, driven by current account surpluses, exchange rate dynamics, and structural economic trends, reflects broader transformations in global trade and investment patterns.Germany became the world’s largest net […]

Annalena Baerbock Elected President of 80th UN General Assembly Session

Annalena Baerbock Elected President of 80th UN General Assembly Session: Former German Foreign Minister Annalena Baerbock was elected as the President of the 80th United Nations General Assembly (UNGA). Her election marks a significant moment in UN history as she becomes the first woman from the Western European group to assume the post and the […]