SBI withdraws financial scheme for Covid-infected employees
The bank said that the special scheme of offering Rs 20000 to every employee who is tested Covid positive has been subsumed with the bank's existing medical scheme with effect from January 1.
Global banks handling FPI trades approach RBI as T+1 regime nearsLarge multinational banks handling funds of offshore investors told the Reserve Bank of India (RBI) last week to either act as the "dollar buyer of the last resort" or relax the exposure rule for banks as the Indian stock market prepares to move to a shorter settlement cycle from February end.
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