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Private sector lender ICICI Bank has launched two new products – loan against deposits and dollar bonds – for non-resident Indians at its GIFT City branch in Gujarat and is the the first to offer these products in GIFT City. The loan against deposits facility is similar to a loan in foreign currency against a deposit in India and includes non-resident external fixed deposits in rupees. Clients may avail of the facility for short-term cash requirements without premature closure of term deposits which entails penalties. Up to 95 per cent of the deposit value can be availed of using this loan and customers can borrow for flexible tenures at fixed or floating interest rates.
NTPC launched green hydrogen buses at Leh under which initiative?
Which state government has recently decided to ban the sale of high-caffeine energy drinks near schools?
Which Indian Navy ship was part of the La Perouse naval exercise in January 2025?
As per the meeting of the Monetary Policy Committee in Dec 2022, CPI Inflation is projected at ____ % in 2022-23.
The Atal Pension Yojana (APY) requires contributions until the subscriber reaches the age of 60. Which of the following factors determines the amount of...
What is the financial outlay of the National Scheme for ITI Upgradation approved by the Cabinet?
Which of the following is NOT part of the IIT-Delhi Abu Dhabi collaboration launched in 2024?
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What is the primary objective of the PAN 2.0 Project by the Income Tax Department?