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Latest Articles in Banking Finance

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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India Orders Banks To Remain Open During Lockdown

India now has over 1,000 cases of the coronavirus of whom 29 have died, the health ministry said on Monday.

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Covid-19 Crisis: Four Lessons For Financial Advisors

As the COVID-19 crisis melts down Financial Markets across the world, it’s as good a time as ever for Advisors to reflect on the key lessons that they can glean from this experience. Here are a few.

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RBI Guv Urges People Not Resort To Panic Buying; Says Indian Banking System Is Safe

Depositors of commercial banks including private sector banks need not worry on the safety of their funds

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Slashed Interest Rate Needs Quick Transmission: FM

The three-month moratorium on payments of term loan instalments (EMI) and interest on working capital give much-desired relief.

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EMIs Put On Hold, Big-bang Interest Rate Cut As RBI Joins Fight Against Coronavirus

CRR for all banks was cut by 100 basis points to release Rs 1.37 lakh crore across banking system.

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Expert View: RBI Slashes Repo Rate By 75 bps

The bank's six-member monetary policy committee cut the repo rate by 75 basis points (bps) to 4.40%, in line with expectations. The reverse repo rate was reduced 90 bps to 4%.

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