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Latest Articles in Banking Finance

India Approves Merger Of Three State-Owned Banks

Banking sector reforms are a major plank of Prime Minister Narendra Modi's government's plans to revive lending which has slowed as banks struggle with bad debt

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HSBC: On A Sound Local Wicket

The India entity is a huge contributor to the global entity’s revenue accounting for the fourth highest group profits

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A Giant Awakens

‘The bank is actively exploring the use of AI, cloud platforms and tie-ups with fintechs to speed up processes’

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3 Lesser Known Types Of Insurance That Are Worth Considering In 2019

Have a look at three types of lesser-known pure risk coverages that are low cost in nature

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3 Tips For Mutual Fund Investors In 2019

Your biggest enemy in range bound markets is your own mind. You may be overwhelmed by your impatience and be tempted to be thrown in the towel just before the next bullish cycle begins

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HDFC Bank: It's About Experience

The bank has introduced an ai-based chatbot eva on all its digital platforms, which helps customers find information in quick time

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Winds Of Change

These are portentous times, but Shaktikanta Das is no maverick, and could hold true to his first name

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IL&FS Appoints Retired IAS Official Bijay Kumar As Deputy MD

The debt-laden company also appointed N Srinivasan as a non-executive director

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We Aim To Serve Niche Segment Within The SME & MSME Sector: KV Srinivasan, CEO, Profectus Capital

SME lending industry veteran and CEO of Profectus Capital, KV Srinivasan, in an interview with Businessworld’s Clifford Alvares, explains how building a strong foundation for the company is slow difficult process, “it is unromantic!”

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State-owned Bank Officers' Union Calls Strike Over Wages, Mergers

The 21 state lenders hold two-thirds of India's banking assets and account for the bulk of the record $150 billion of soured loans in the banking sector last year

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Delhi HC Dismisses Appeal Against LIC Move To Acquire 51% Stake In IDBI

LIC to pay back its policy holders since it will have to invest an amount of Rs 13,000 crores to acquire the 51 per cent stake

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StanChart To Take $160 Million Charge From Private Equity Sale

The bank said it expected to take a restructuring charge of about $160 million from the sale, but did not disclose the terms of the deal

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High Court Refuses To Lift Deadline For Kotak Mahindra Stake Dilution: TV

RBI order mandated Uday Kotak to lower his holding in the bank to 20 per cent by the end of the year

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India's Yes Bank Says On Track To Find CEO Within RBI Deadline

Yes Bank shares, which rose as much as 3.5 percent earlier in the session, reversed course to close 6.4 percent lower

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Yes Bank Says On Track To Find CEO Within RBI Deadline

The final recommendation for the CEO post will be submitted to the Reserve Bank of India (RBI) after the next board meeting on Jan. 9, 2019, the bank said in a statement

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