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Latest Articles in Banking Finance

Indian Economy More Resilient Now Vs Global Financial Crisis, Says RBI Governor

The RBI has so far refrained from providing any official forecast on growth or inflation and is among the few central banks globally not to do so.

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Will Look At Loan Restructuring After End Of Moratorium: SBI MD

'Restructuring of eligible loans will also be considered as and when the moratorium comes to an end at the end of August,' he said, speaking at a conference organised by Dun and Bradstreet.

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Moody's Affirms SBI's Deposit Ratings At 'Baa3'

The downgrade of SBI's BCA to 'ba2' from 'ba1' reflects Moody's view that the bank's asset quality and profitability will deteriorate

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Clear Exit Strategy, Milestones Needed For Fiscal Consolidation In Coming Years: RBI

In 2020-21, fiscal deficit and outstanding liabilities are budgeted at 5.8 per cent and 70.5 per cent of GDP

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SBI Funds Management appoints Vinay Tonse as MD, CEO

SBI Funds Management is a joint venture between the country's largest lender State Bank of India (SBI) and European asset manager Amundi.

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ICICI Bank Uses Satellite Images For Farm Loans To Cut Costs

Indian lenders are currently grappling with more than $100 billion of soured loans, and stress in the agriculture sector has been rising just as the overall share of bad loans is coming down.

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Should I buy the Corona-Health Insurance Plan in 2020?

The COVID-19 Standard Health Insurance Policy needs to be mandatorily offered by all insurance companies.

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Axis Bank Cuts Stake Purchase In Max Life To 17%

The private-sector lender's move comes months after media reports said the deal, announced in April, ran into a regulatory roadblock over certain clauses in the agreement.

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Union Bank Of India Shares Jump Nearly 6 % After Q1 Earnings

Net interest income rose by 17.1 per cent to Rs 6,403 crore as compared to Rs 5,468 crore.

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Punjab National Bank posts Net Profit of Rs. 308 crores in Q1 FY21

Operating profit grew by 2.5% on a YOY basis to Rs. 5,280 Crore in Q1 FY’21. CRAR as on June 30, 2020, improved to 12.63%. Gross NPA ratio is at 14.11% as on June 20 as against 15.49% in June 19.

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ICICI Lombard, Bharti AXA Join Hands To Combine Their Non-life Insurance Businesses

Based on the share exchange ratio recommended by independent valuers and accepted by the respective boards of ICICI Lombard and Bharti AXA, the shareholders of Bharti AXA shall receive 2 shares of ICICI Lombard for every 115 shares of Bharti AXA held by them as on the date on which the Scheme of Arrangement is approved by the Board of Directors of ICICI Lombard and Bharti AXA.

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Citigroup Files Third Lawsuit Over Accidental Revlon Payment

Several hundred million has already been returned the bank, Citi said in an emailed statement.

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Yes Bank Sells Asset Management, Mutual Fund Businesses To Khemka's White Oak

Yes Bank requires equity infusion of Rs 9,000 crore to Rs 13,000 crore to meet regulatory capital requirements, including capital conservation buffers.

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ICICI Bank Raises Stake In India International Exchange To 9.9 Pc

ICICI Bank recently raised about Rs 15,000 crore through the issuance of 41.89 crore equity shares at an issue price of Rs 358 per unit.

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PSBs To Need Capital Up To Rs 2.1 trn Over Next 2 yrs; Govt Support To Continue: Moody's

PSBs dominate India's banking system, meaning any failure could jeopardize financial stability, Anbarasu added.

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