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Latest Articles in Banking Finance

HDFC To Acquire 10% Stake In Kerala-based Asset Management Firm

The cost of acquisition is at par, that is at the face value of Rs 10 per share, it said, adding the acquisition is expected to be completed in one month.

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RBI Withdraws Restrictions On Youth Development Co-operative Bank

The validity of the 'all-inclusive directions' was extended from time to time, the last being up to April 5, 2021.

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SBI Hikes Home Loan Rate To 6.95%

With the revision, the lowest rate of 6.70 per cent regime for limited period ended in March 31.

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Surge In Covid Cases May Prompt RBI To Maintain Status Quo On Rates: Experts

The Monetary Policy Committee (MPC), RBI's rate-setting panel, is also likely to maintain the policy stance accommodative at the next policy review to be unveiled on April 7

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Banks Sanctions Rs 25,586 Cr To 1.14 lakh Stand-Up India Accounts In 5 years

Started in April 5, 2016, the scheme has benefited 93,094 women entrepreneurs with outstanding loan of Rs 21,200 crore as of March 23.

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Do’s And Don’ts Of Applying For Loans On Digital Platforms

Like any financial transaction, a digital application for loans must be conducted after due diligence.

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NBFCs Seek Simpler Methods For Cancellation Of NACH Mandate

Small NBFCs have with great difficulty convinced their customers to use electronic/non-cash means for EMI (equated monthly instalment) payments, but still the prevalence of cash repayments is significant

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PNB Enhances Presence In North-East Region

PNB has been assisting stressed MSMEs in line with its traditional role of supporting the Indian entrepreneurial spirit while maintaining a thrust on being the leader in supporting rural areas and the agriculture sector

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SBI Digital Services Affected Due To Maintenance Issues

The bank informed its customers on Thursday morning that it is upgrading its digital banking platforms, including Yono, Yono lite, internet banking, Unified Payments Interface (UPI).

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Yes Bank Loan Fraud: ED Files Charge Sheet Against Mumbai Realty Firm Owners, Others

The central probe agency said the prosecution complaint (charge sheet) has been filed under various sections of the Prevention of Money Laundering Act (PMLA) before a special court in Mumbai.

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PFC, REC Reduce Lending Rates By Up To 2 Percentage Points From Apr 1

PFC and REC, under the power ministry, are the prime financiers in the Indian power sector having a significant market share.

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ICICI Bank, Axis Bank To Co-Lead NUE With Amazon, Visa As Partners

ICICI Bank and Axis Bank will be co-leading the consortium with a 20 per cent stake each, officials in the know told PTI.

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Non-Food Bank Credit Offtake Slows To 6.5 % In Feb

Credit growth to the services sector accelerated to 9.3 per cent in the month under review from 6.9 per cent in February 2020, mainly due to good performance of credit to transport operators and trade.

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