Personal finance

The total capital infusion for Jana Bank stands at Rs 2,947 crore.Bengaluru-based Jana Small Finance Bank on Monday said it has raised Rs 225 crore equity in the latest funding round from its existing investors – Jana Holdings, TPG Asia…
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The credit guarantee scheme was set up to enable cash-strapped NBFCs to raise money smoothly from banks for on-lending in priority sectors.The government is in the process of sanctioning Rs. 20,000 crore under the partial credit…
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PayNearby said it has commenced a nationwide launch under its retail network of more than 7.5 lakh retail touch-points across the country.PayNearby, the hyperlocal fintech network builder, on Monday said it has launched its own mirco…
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According to reports, the government is mulling a re-introduction of the Financial Resolution and Deposit Insurance Bill, which may address such issues. (Reuters)Banker Uday Kotak on Friday pitched for rules to enable exits and…
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“Further, the limit on total indebtedness of the borrower has been increased from Rs 1 lakh to Rs 1.25 lakh,” the circular said.The Reserve Bank of India (RBI) on Friday increased the household income limits for borrowers of NBFC-MFIs…
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Non-interest income jumped 24.31% y-o-y to Rs 511.14 crore.State-run Allahabad Bank on Friday reported widening of its net loss to Rs 2,114.06 crore for the second quarter ended September 30, against a net loss of Rs 1,822.71 crore in…
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SBI also announced a revision in fixed deposit rates (FD) rates by 15 basis points for deposits of one year to less than two years maturity.State Bank of India (SBI) on Friday announced cut in deposit as well as lending rates with effect…
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Digital payments constituted as much as 96% of total non-cash retail payments, which also includes transactions via debit and credit cards, cheques and automated clearing house payments.The Reserve Bank of India (RBI) on Friday mandated…
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Earlier, in July 2019, RBI had waived off the charges it levied on banks for the NEFT and RTGS fund transfers.Your NEFT payments may soon stop attracting charges from as early as January 2020. In the latest move from the government to…
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The tenor of the bonds, to be issued on November 8, 2019, is 10 years.State-run Corporation Bank on Thursday said it will raise up to Rs 1,000 crore by issuing Basel III compliant bonds on a private placement basis. The bank is issuing…
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