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IBPS Bank PO and Clerk Exam Preparation
IBPS SO
IBPS Bank PO and Clerk Exam Preparation
IBPS PO
IBPS Bank PO and Clerk Exam Preparation
IBPS Clerk
IBPS Bank PO and Clerk Exam Preparation
GMAT
IBPS Bank PO and Clerk Exam Preparation
SSC CGL-1
Railways (RRB) Preparation
Railway(RRB)


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Economy News-Daily Digest: 3 Key Updates

SIB executes transactions via block-chain technology

1. SIB executes transactions via block-chain technology

South Indian Bank (SIB), in partnership with a leading currency exchange house in West Asia, has successfully executed overseas transactions using block-chain technology.
The pilot transaction was successfully executed by forex transaction from the UAE to India.

2. FBIL rolls out benchmark rate for the money market

Financial Benchmarks India (FBIL) has developed the FBIL-Market Repo Overnight Rate (FBIL-MROR), which will be published on each working day beginning December 12, 2017.
The Clearing Corporation of India (CCIL) will be the Calculating Agent for FBIL-MROR.

3. Kirana stores to turn ATMs for Paytm

Paytm Payments Bank plans to tie up with over a lakh kirana stores in the coming months to attract more customers in rural areas and also in B-towns. These stores will be called Paytm Ka ATM, and will allow customers to open saving accounts and also deposit/withdraw money at their ease.
Paytm Payments Bank are the only bank providing zero balance accounts and zero charges on digital transactions.

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