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Latest Articles in Banking Finance

Surana & Surana International Attorneys Advises Allahabad Bank For Merger With Indian Bank

Surana & Surana International Attorneys (SSIA) were appointed by Kolkata headquartered Allahabad Bank to conduct total due diligence for their merger into the Chennai Head Quartered Indian Bank.

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PNB Housing Finance Signs Pact With JICA To Raise $75 Million

The country's fourth-largest housing finance company closed the year with healthy assets under management (AUM) of Rs 84,000 crore and deposit mobilisation of Rs 9,200 crore in FY20.

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Section 80C Deadline Extended: Avoid These 3 ELSS Mistakes

By fixating on the three-year lock-in, many investors harbor the mistaken belief that three years is a sufficient time horizon to invest into ELSS funds.

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Steps To Protect Yourself From Coronavirus

Here’s a checklist of steps to ensure that you protect yourself and your family from coronavirus. But first, let’s understand how it spreads

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Kotak Mahindra Customer Deposits Jump 20% In FY20 At Rs 2.58 Lakh Crore

At the end of Q3 FY20, customer deposits were Rs 2.31 lakh crore. Current deposits totalled Rs 43,000 crore in FY20, up 10.5 per cent from Rs 38,901 crore a year ago.

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HSBC HK Shareholders Mull Legal Action Over Dividend Suspension

HSBC and other top British banks on Wednesday announced the suspension of dividend payouts after pressure from the regulator to save their capital as a buffer against expected losses from the new coronavirus crisis.

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HDFC Bank Advances Grow 21% To Rs 9.93 Lakh Crore

The bank's deposits aggregated to Rs 11.46 lakh crore, clocking a growth of 24 per cent as compared to Rs 9.23 lakh crore as of March 31, 2019 and Rs 10.67 lakh crore on December 31, 2019.

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Punjab & Sind Bank Reports Rs 76 Crore Fraud By Saptarishi Hotels

Punjab & Sind Bank has been hit by a series of such cases. In July last year, it reported a Rs 238.3 crore fraud relating to allegations of diversion of funds by the indebted Bhushan Power & Steel Ltd (BPSL).

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SoftBank's Son Tests State Of Emergency Appetite Via Twitter Poll

New York state, which had 89 coronavirus cases on the day it declared a state of emergency but just three weeks later was having to cope with more than 83,000 cases.

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RBI’s 3 Month Loan Moratorium: Is It A Boon To The Borrowers?

As soon as India’s central bank took this call on 27th March, many banks commenced the rollout of this fiscal measure even though they are not obligated to enforce this proposal.

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HDFC Group Commits Rs 150 Crore To PM-CARES Fund

"The HDFC management and all employees across the Group appreciate the steadfast efforts of all, and wish for India to emerge stronger and more resilient at the end of this crisis," he added.

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HDFC Life Offers Additional Payment Option In Partnership With Insurepay To Support Customers

This partnership will enable HDFC Life customers to avail payment options offered by Insurepay.in, thereby enabling them to make payments from the comfort of their homes.

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SBI Employees Pledge Rs 100 Crore To PM-CARES Fund

Indian Farmers Fertiliser Cooperative Ltd (IFFCO) decided to donate Rs 25 crore to PM-CARES Fund to fight against COVID-19.

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Union Bank Reduces EBLR By 75 BPS From 1 April

Customers who have availed loans under External Benchmark based schemes of these two banks shall automatically get benefit of reduction of interest rate w.e.f. 01.04.2020.

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COVID-19 Policy Response: All Guns Blazing

Policy stimulus got a further boost today with the Reserve Bank of India announcing a series of steps to address recent tightness in overall financial conditions and emerging downside risks to growth:

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