Latest Articles in Banking Finance
New Simplified Tax Regime: Should You Opt For It?
There are other key aspects which need to be considered by the individual taxpayer. Some of them are discussed below.
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Bank Of England Slashes Interest Rates To Record Low In Coronavirus Emergency Move
The Bank of England's decision to slash its interest rate by half a percentage point to 0.25% is in line with to help keep firms in business and people in jobs.
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Yes Bank Shares Rally Upto 28%
Yes Bank has 255-crore shares of Rs 2 per share, SBI will be issued 245 crore shares at a price of Rs 10 per share for Rs 2,450 crore.
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SBI Reduces MCLR By 10 To 15 Basis Points Across All Tenors
Retail term deposit interest rates will be reduced by 10 basis points for one year and above tenor and 50 basis points for deposits up to 45 days.
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RBL Bank Quashes Speculation Over Viability, Stock Up By 10%
RBL business segments are doing well and it continues to expand presence across newer geographies by adding branches and are also hiring more people as previously planned.
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AAP gives notice in Rajya Sabha over Yes Bank Crisis
The central bank suspended the board of directors at India's fourth-largest private bank and imposed the withdrawal limit on account holders till April 3 citing its poor financial health due to bad loans.
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Yes Bank Customers Can Use IMPS, NEFT To Pay Dues
State Bank of India's legal team has started due diligence as the public sector lender prepares to infuse Rs 2,450 crore to pick up to 49 per cent stake
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Yes Bank Crisis: CBI Files FIR Against Rana Kapoor, DHFL's Kapil Wadhawan And Others
Earlier in the day, the Central Bureau of Investigation (CBI) also conducted raids at seven locations in Mumbai.
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Indian Banking Sector Clobbered Amid Fallout From Yes Bank Crisis
Small private banks were also hit hard. Shares in lenders RBL Bank Ltd and IndusInd Bank Ltd fell 9.7% and 6.7%, respectively.
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'No Question' Of Yes Bank Merging With SBI - Administrator
The Reserve Bank of India (RBI) on Thursday took control of Yes Bank, after the lender - which is laden with bad debts - failed to raise the capital it needs to stay above mandated regulatory requirements.
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Conditions Remain Challenging For India's Banks: Fitch
Indian banks may require significant additional equity beyond this by FY21 to support loan growth, cover non-performing loans and build buffers over Basel III minimum standards.
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Citigroup Splits Buffalo, NY, Trading Staff As Coronavirus Precaution
The third largest U.S. bank will this week keep fewer than 60% of its Buffalo-based staff at its main site, with the rest either working from home or at a back-up site near Rochester, NY.
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Yes Bank Debt Writedown To Hit Sector Capital-Raising
Yes Bank had about 88 billion rupees ($1.2 billion) in AT1 capital as of March 2019, its annual report showed, under the Basel III framework.
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RBI Assures Depositors Regarding Safety Of Their Deposits In Banks
Concern has been raised in certain sections of media about the safety of deposits of certain banks
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Yes Bank Scam: Shell firms, 44 Paintings, Rs 2000 Cr Investment Of Rana Kapoor Under ED's Scanner
The agency, official sources said, has also recovered documents that show some assets of the Kapoor family in London and the source of funds for their acquisition is now being investigated.
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