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Latest Articles in Banking Finance

AIIB To Have 100 Members By Year-end

India is the second largest shareholder with 7.5 per cent followed by Russia 5.93 per cent and Germany with 4.5 per cent

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Indian $6.7 Billion Oil Payment Backlog To Be Cleared Soon: Iran

India is one of the biggest buyers of Iranian crude and built up a payments backlog when Iran was under Western sanctions

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HSBC Cutting 'Dozens' Of Senior Jobs In Investment Bank

HSBC announced in February that Westerman would be joining from Goldman Sachs to become co-head of global banking in its investment bank, alongside Robin Phillips

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Readers Favour Second Term For Raghuram Rajan: BW-MRSS Survey

People want a tighter policy to keep inflation in check and support Rajan over Finance Minister Arun Jaitley's view for easing the interest rate regime, according to the survey conducted BW Businessworld in association with MRSS

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RBI Chief Wins Over Modi Despite Broad Mistrust

With Modi's patronage, it is more likely the government will reappoint Rajan, whose three-year term expires in September, should he wish to stay on

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Paytm’s Payments Bank To Launch Before November This Year

The entity, Paytm Payment Bank Ltd, is expected to become the second biggest revenue source for the parent firm after the core payments business

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RBI Caps Refiners' Dollar Buying For Iran Dues To Shield Rupee

Refiners have cleared $770 million in euros through Turkey's Halkbank to National Iranian Oil Co. The state-run Union Bank of India facilitated the payments

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India Will Have 8-10 State-owned Banks After Consolidation: Jayant Sinha

Minister of State for Finance Jayant Sinha has the country would have 8 to 10 'very competitive' state-owned banks after an ongoing consolidation phase, a sharp reduction from the 27 currently in existence

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Canara Bank Reports Rs 3,905 Crore Loss In Fourth Quarter

State-run Canara Bank reported on Friday a fourth-quarter net loss of Rs 3,905 crore as provisions, including those to cover sour debt, jumped six times

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Rajan's Reappointment Should Not Be Of Media's Interest, Says PM Modi

Prime Minister Narendra Modi has said the issue of reappointment of RBI Governor Raghuram Rajan was an administrative subject and it should not be an issue of interest of the media, in his first comments in the wake of continuing attack on the top economist in recent months

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SBI Fourth Quarter Profit Down 66 Per Cent On Rise In Bad Loan Provisions

Gross bad loans as a percentage of total loans rose to 6.5 per cent in March from 5.1 per cent in December

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Good Policy Essential To India's Stability, Says RBI Governor Raghuram Rajan

Terming a sharp slowdown in China as a 'significant risk' for global economy and the SAARC region in particular, Governor Raghuram Rajan has said RBI has been moderating any extreme currency volatility through its intervention

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Yuan Falls To 6th Place Among Most-Used World Payment Currencies

Overall, yuan payments value in April decreased by 7.73 per cent from a month earlier, while in general all payment currencies decreased by 4.6 per cent, SWIFT said

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China Slowdown Poses Threat To World Economy, Rajan Says

The RBI chief says on China: 'Bad loans in the banking system were likely to grow over current levels, and, in addition, there might be serious weaknesses in the shadow banking system, which could feed back to banks'

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India Inc Eyes Rs 200,000 Crore From Assets To Cut Debt

At least a tenth of the total debt sales should go through the listing route, according to a State Bank of India research note

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