Personal finance

The top 50 NBFCs, which represents 70 percent of the market, are being monitored closely and intensely by the supervision team of the central bank.Reserve Bank is closely monitoring the troubled shadow banking sector and will not allow…
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The agencies have recovered properties of over Rs 2.3 lakh crore from the NPA accounts in the three financial years.Borrowers who are laid back after taking loans from the banks should now be alerted as the lenders have fastened the…
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During October, banks disbursed Rs 2.52 lakh crore while Rs 2.39 lakh crore in November. (Reuters)Public sector banks disbursed a record Rs 4.91 lakh crore of loans during the festive month of October and November, the finance ministry…
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While United Bank of India (UBI) will be merged with Punjab National Bank, Allahabad Bank will be amalgamated with Indian Bank. These two banks are headquartered in Kolkata.The government on Tuesday assured the Rajya Sabha that merger of…
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Shares in the bank were trading up 0.02 per cent at 12.37 euros, after an initial boost of nearly 1 per cent on opening.Italian bank UniCredit on Tuesday announced 8,000 job cuts under a three-year plan that aims to significantly…
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He said professional valuers are helping in valuation of PMC assets. (Reuters)Reserve Bank governor Shaktikanta Das on Thursday said the forensic audit report on the scam-hit PMC Bank is expected by the month-end, and efforts are also on…
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Post merger, the Canara Bank will have a total of Rs.15 lakh crore turnover, he told reporters here.The Canara Bank and the Syndicate Bank, set to be merged as part of the Centre’s mega consolidation plan for banks, would become one…
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For the big players, there is a fairly mature supply chain market. But the non-financial procurement process of approving the invoice for payment is still painful. CLarge banks may eventually look at lending to small entrepreneurs as…
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Subsequently, the outreach programme was conducted in 374 districts across the country to improve credit delivery, especially in critical sectors of the economy such as MSMEs, NBFCs, retail and the agriculture sectors.The finance…
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However, despite the rate cut of this magnitude, the transmission of rates has been quite limited and has remained a cause of concern.If the Reserve Bank of India (RBI) decides to trim the rate by a further 25 basis points on December 5…
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