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Citing the example of PMC scam, Goyal said some “bad apples” ruin the reputation of such an important sector.Leaders of cooperative sector should think of a self regulatory mechanism to strengthen it and prevent recurrence of scams like…

PNB, UBI, OBC merger: Outside expert may be roped in to decide logo of new entityWith three state-run lenders — Punjab National Bank (PNB), United Bank of India (UBI) and Oriental Bank of Commerce (OBC) — heading for an amalgamation, an…

The bank’s corporate loans grew only 8% Y-o-Y (after adjusting for the sale of loans and repayments of stressed loans) in 2Q FY20.By Daiwa Capital MarketsWhat’s new: IIB posted 50% Y-o-Y growth in net profit for 2Q FY20, largely meeting…

Cadillac is coming home to Michigan. Four years ago, GM announced it would move the headquarters for its luxury brand to the trendy SoHo neighborhood of New York City, and it set up the division as a "separate business…

Some Republicans say high wages in the U.S. are hurting America's global competitiveness. See the countries where wages are even higher.

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NEW YORK (Reuters) - The biggest U.S. banks are expected to kick off the earnings season on a sour note next week due to falling interest rates, which may have pressured net interest margins enough to cause the sector’s first…

Air India’s largest union, Air Corporation Employees Union (ACEU) had at its executive committee meeting in Hyderabad earlier this month, decided to launch a “united struggle” against privatisation bid which has already failed twice in…

It comes as the RBI put a slew of restrictions on the bank for six months on September 23.Amid the ongoing PMC Bank crisis, HDFC Chairman Deepak Parekh said that there is no system in place to safeguard the hard-earned savings of an…

West Texas Intermediate (WTI) crude futures rose 20 centsOil prices rose early on Friday, building on gains in the previous session, after producer club OPEC hinted at making deeper cuts in supply while optimism was revived over talks…