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YES Bank announces partnership with Telangana Smart Cities to launch 'Collaboration-as-a-Service' economy

YES Bank announces partnership with  Telangana Smart Cities to launch 'Collaboration-as-a-Service' economy

Hyderabad, Jul 20 (UNI) YES Bank, India’s fourth largest private sector bank, announced partnership with Karimnagar and Warangal smart cities in Telangana to launch an industry-first ‘Collaboration-as-a –Service’ platform to address urban development challenges.



As a part of its newly launched YES SCALE Smart City Accelerator, the Bank is inviting startups from around the world to collaborate with technology leaders like Bosch and Dell EMC and work on problem statements provided by respective smart cities.

As a partner to the programme, PwC has also committed to leading strategic partnerships and advisory and implementation of innovative solutions in the smart cities, a Bank statement here said on Friday.



Commenting on the development Mr Rana Kapoor, MD & CEO, YES BANK said, “This is a significant step towards creating ‘Collaboration-as-a-service’ economy and re-looking at urbanization as an opportunity, not a problem'.

'YES BANK’s cross industry collaboration through YES SCALE Smart City accelerator will empower these cities with innovative solutions to seamlessly connect people, processes & devices and enable administrators to respond faster to citizen’s needs while also creating new revenue sources. The strategy is fully aligned with the national agenda of moving India from Fragile 5 to making India a USD 5 TN economic super power.”



YES BANK’s YES SCALE Smart City accelerator has created an eco-system to help startups test, develop and deploy their solutions across the cities and further scale across the country, the statement added.

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RBI's monetary policy committee highlights inflation spike risk

20 Oct 2018 | 6:29 PM

Mumbai, Oct 20 (UNI) The monetary policy committee of Reserve Bank
of India (RBI) sees a risk of rising headline inflation from high
crude oil prices and a weak rupee, indicating potential rate hikes
ahead, even as it held key rates unchanged at its last meeting.

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SBI launches 'SBI Wealth Hub' in Port City of Karnataka

SBI launches 'SBI Wealth Hub' in Port City of Karnataka

20 Oct 2018 | 6:28 PM

Mangaluru, Oct 20 (UNI) State Bank of India (SBI) Chairman Rajnish Kumar launched Bank's Wealth Business Services by launching 'SBI Wealth Hub' in the Port City on Saturday.

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RBI raises dissent on proposed payments board control

20 Oct 2018 | 6:27 PM

Mumbai, Oct 20 (UNI) The Reserve Bank of India (RBI) has voiced its
reservations on the report of an inter-ministerial committee which
recommended that the proposed Payments Regulatory Board (PRB) should
be an independent regulator.

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Assocham hails RBI' steps to ease liquidity crunch at NBFCs

20 Oct 2018 | 6:25 PM

New Delhi, Oct 20 (UNI) The apex industry body Assocham on Saturday welcomed the Reserve Bank of India (RBI)'s move to incentivise banks to enhance their lending to non-banking finance companies (NBFCs) as a step in the right direction which would enable NBFCs to tackle the liquidity crunch.

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MARKET-GUJ-BULLION

20 Oct 2018 | 5:30 PM

Ahmedabad, Oct 20 (UNI) The Ahmedabad Bullion market ruled firm
here today.

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