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The country's largest lender SBI will raise Rs 4,116 crore by issuing Basel III compliant bonds to add up to its tier 2 capital, the bank said on Friday. The...
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Fraud hit Punjab National Bank on Friday posted a staggering loss of Rs 4,532.35 crore for the second quarter ended September 30, 2018 on rising bad loans. The state-owned bank...
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Amid reports of its mounting tension with the RBI, the Finance Ministry on Wednesday said that the government has "nurtured and respected" autonomy of the central bank.
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Bajaj Finance Ltd., the lending and investment arm of Bajaj Finserv, has increased its Fixed Deposits' (FD) rate of interest. The company has increased its FD rates for existing loan...
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Banks have asked passport authorities to impound the passport of Abhijit Rajan, chairman of engineering firm Gammon India, which has defaulted on loans. According to sources, the firm is sitting...
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The Reserve Bank opted for a surprising status quo at the bi-monthly review Friday on expectations of softening price rise, but changed the policy stance to "calibrated tightening" from "neutral"....
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Facing enquiry over charges of nepotism and conflict of interest, ICICI Bank managing director and CEO Chanda Kochhar on Thursday quit the bank, six months before her current tenure was...
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IDBI Bank board on Thursday approved a proposal for issuance of preferential shares in favour of LIC with a view to increase the share of insurer in the bank up...
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State Bank of India (SBI) on the occasion of Mahatma Gandhi's birth anniversary pledged to become a plastic-free organisation in the next 12 months as part of its sustainability commitment....
Read moreThe Reserve Bank on Monday announced that it will inject Rs 36,000 crore liquidity into the system through purchase of government bonds in October to meet the festival season demand...
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