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Latest Articles in Banking Finance

Citi To Exit Consumer Banking Business In India

The bank has 35 branches in the country and employs approximately 4,000 people in the consumer banking business.

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Piramal Aims To Be Among Top-5 NBFCs In Retail Space After DHFL Deal, More Products

The loan book of Piramal Capital and Housing Finance, which completely owns PRF, is Rs 45,000 crore and only 11 per cent of it is retail

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IDBI Bank Appoints Jyothi Biju Nair As New Company Secretary

IDBI Bank stock closed at Rs 35.85 apiece on the BSE, down 3.24 per cent.

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Prudence & Pragmatism

HDFC Bank put in place key digital innovations including ‘My Account My Choice’ where its CASA customers could choose an account number of their choice while opening an account; 66,000-plus accounts were activated with book balance of over Rs 5,000 crore, the bank said.

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DBS Bank Says Its System Not Compromised, Leaked Messages Don't Have Sensitive Info

Hackers have allegedly compromised servers of enterprise communications firm Route Mobile, even as the company claimed that data of its customers is safe and its cybersecurity team is investigating the matter.

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Non-Financial Issues Faced in Retirement

Here are some of the many situations that most retirees confront once they have understood and accepted their new phase of life and accepted the inevitability of retirement.

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Govt Appoints Anil Kumar Sharma On Central Board Of SBI With Immediate Effect

SBI's central board of directors comprises a total of 13 members, headed by its chairman Dinesh Kumar Khara

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Role Of Location Intelligence In Personalising Banking Services

Banks have been preoccupied with bringing protocols and products that can enable an efficient carrying out of processes in the financial services sector.

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NCDC Secures Rs 600 Cr Loan From Deutsche Bank For On-Lending To Cooperatives

The farmer producer organisations being set up in the country would be able to access easier credit and market through the NCDC agreements with ICC and Deutsche Bank, which will help small and marginal farmers

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“Retail Has To Be Driven By Digital Means”

In a conversation with BW Businessworld’s Chairman and Editor-in-Chief Annurag Batra, Saloni Narayan, DMD, State Bank of India talks about how the State Bank of India faced various challenges posed by the pandemic and overcame them

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Strength To Strength

Axis Bank successfully raised Rs 12,500 crore through one of the largest ever QIP issued by any pri‑ vate sector entity. This

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Aiming For The Skies

Total deposits of the bank soared to Rs 9,45,985 crore as on March 31, 2020, advances swelled to Rs 6,90,121 crore, net interest margin (NIM) remained stable at 2.72 per cent and operating profit touched Rs 19,691 crore.

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Adding To The Numbers

The bank’s ability to leverage technology combined with analytical insights and partnerships created new ways of serving customers through digital journeys and one-stop solutions for all banking needs in FY20.

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The Crown King

The bank’s operating profit stood at Rs 68,133 crore in F Y20 as compared to Rs 55,436 crore in the previous year.

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Bank Credit Rise 5.56%; Deposits 11.4% In FY21

Bank credit is likely to increase given the growth in the economy and the base effect coming into play

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