Personal finance

During the two months, banks have given Rs 72,985 crore to MSME sector while loans to corporates stood at Rs 2.2 lakh crore.As part of a government-mandated outreach programme, public sector banks have disbursed a record Rs 4.91 lakh…
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The Reserve Bank of India is expected to cut interest rates again this week, after Friday’s report that gross domestic product growth slowed to 4.5% in the September quarter.HDFC BankLtd., India’s most valuable lender by market…
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In April 2019, the bank had first disclosed that it had started to provide extra capital, but had not given out the exact levels of the additional provisioning or spelled out the sectors.Third largest private sector lender Axis Bankis…
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The court granted permission to the Kerala bank after evaluating that its intervention in the merger procedures was not needed.The Kerala government’s long pending dream of setting up its own bank, by merging the district co-operative…
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While SPGP Holdings and Erwin Singh Braich have given a binding term sheet of .2 billion, Citax Group has offered 0 million.After YES Bankon Friday announced that eight global and domestic investors have shown interest in infusing $2…
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Puri first addressed the succession issue publicly when he hinted, at an interaction with banking analysts in May 2018, his successor could be picked from within the organisation.HDFC Bankon Thursday said a six-member committee has been…
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Ujjivan Small Finance Bank president Nitin ChughUjjivan Small Finance Bank(SFB) is keen on positioning itself as a bank for the mass market and increasing its presence across the country, says president Nitin Chugh. The bank plans to…
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The cases involving ATM Cards or Internet banking frauds have also surged in the last three financial years.Withdrawing cash from your savings account can land you in trouble as the cases of robbery, dacoity, burglary, and theft in ATMs…
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“SBI completed the PoC a few months ago,” said a source.State Bank of India (SBI) has completed the proof-of-concept for Unified Payments Interface (UPI)-based payments through WhatsAppPay, sources close to the development told FE. The…
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According to the Reserve Bank of India’s (RBI’s) latest data, deposit insurance covers 92% of the total number of accounts in India but only 28% of the total deposits with the banking system.Private sector lender CSB Bankrecently…
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