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Latest Articles in Banking Finance

SBI Signs MoU With Realme For Electronic Dealer Finance Scheme

SBI and realme will also have the comfort of the ensured end-use of funds and real-time MIS reporting of transactions pertaining to purchase and sale of inventory.

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UGro Capital Turns Profitable Within One Year Of Operations

The company has become profitable with a net income of Rs 7 crore in the December quarter.

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Union Bank Reports Q3 Profit Of Rs 575 Crore, Asset Quality Remains Poor

Net interest income for the Q3 FY20 increased by 25.7 per cent to Rs 3,134 crore as compared to Rs 2,493 crore in Q3 FY19.

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Super Investment For Tax Saving: Health Insurance And Its Benefits Beyond

You can take a look at the image for the estimated costs for cancer treatment, which will only continue to rise over the next few years. It would help if you protected yourself with comprehensive health insurance.

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Union Budget 2020: Tax Reforms Or Mere Amendments

Budget 2020 has proposed over 100 amendments to the Income-tax law, highlighted here are key proposals and how they could impact some sections of taxpayers.

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Women and Investing: How to Get More Engaged with Finances

Financial independence is a matter of necessity for women. There are several reasons behind the investment gap between men and women.

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FPIs Remain Net Buyer In February So Far, Invest Rs 5,177 Crore

FPIs pulled out Rs 1,172.56 crore from equities during the period, resulting in a total net investment of Rs 5,177.44 crore.

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Technology Is The Growth Engine For India's Burgeoning Financial Ecosystem

Emerging technology in banking has not only enabled exceptional customer experience, but it is also catalysing smoother, more transparent banking transactions.

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SC Stays Bombay HC Order Directing Sale Of HDIL Assets To Repay Dues Of PMC Bank

The Mumbai Police's Economic Offences Wing and the ED registered offences against senior bank officials and HDIL promoters.

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Disinvestment In PSUs To Raise Capital For Infrastructure Building: Sitharaman

The disinvestment target includes Rs 90,000 crore to be raised from an initial public offer in Life Insurance Corporation (LIC) and a stake sale in IDBI Bank.

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Deposit Insurance Hike: RBI Says Not To Hit Banks Balance-Sheets

The budget allowed the Deposit Insurance and Credit Guarantee Corporation to raise deposit insurance coverage to Rs 5 lakh from Rs 1 lakh.

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SBI Cuts MCLR By 5 Bps Across Tenors

The one-year MCLR has come down to 7.85 per cent per annum from 7.90 per cent.

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RBI Revises Upwards Retail Inflation Projection To 6.5% For Jan-Mar Qtr

RBI further said that the actual inflation outcome for Q2 at 5.8 per cent overshot projections by 70 bps.

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RBI Keeps Repo Rate Unchanged At 5.15%, Projects FY21 GDP At 6%

The RBI projected gross domestic product (GDP) growth for 2020-21 at 6 per cent -- in the range of 5.5 to 6 per cent in H1 and 6.2 per cent in Q3.

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Max Financial Services Q3FY20 Consolidated Revenue Grows 19% To Rs 5,366 Cr

Max Life continued its strong performance in Q3FY20, reporting 14 per cent revenue growth to reach Rs 4,688 crores. The shareholders' profit after tax for Q3FY20 grew by 92 per cent to Rs 154 crores due to one-off gain

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