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Latest Articles in Banking Finance

Why Modi wants To Increase Control Over The RBI

This followed three letters to the RBI from the finance ministry threatening to invoke Section 7 of the RBI Act that would allow the government to dictate policy to the central bank

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RevFin Gets RBI Approval To Acquire NBFC

For RevFin, this acquisition is a step forward towards helping people fulfills their dreams and aspirations by providing them access to credit

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Finance Ministry Says RBI Autonomy 'Essential'

"The autonomy of the central bank is an essential and accepted governance requirement," Finance Ministry said in a statement

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Chidambaram Slams Centre For Reportedly Referring To Never-Used Clause In RBI Act

Chidambaram said that the governments he was a part of in the past had never used Section 7 of the RBI Act of 1934, under which a direct order can be issued by the government to the central bank to carry out its wishes in "public interest"

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Finance Ministry To Shortly Issue A Statement On Government-RBI Rift

Earlier in the day, media reports suggested that RBI Governor Urjit Patel may consider resigning from his post given a breakdown in relations with the government, sparking a sell-off in the rupee and government bonds

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Govt Cites Never-Used Powers For Resolving Issues With RBI

Finance Ministry and RBI are said to have differed on the central bank's handling of weak public sector banks, tight liquidity in the market and ways of resolving bad loans in the power sector

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StanChart Beats Forecasts With 31 Per Cent Third-Quarter Profit Jump

Standard Chartered posted a profit before tax of $1.1 billion in the three months ended Sept. 30, above the $814 million profit in the same period a year ago and higher than the $978 million average of analysts' forecasts

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RBI Governor Urjit Patel May Resign, Reports Say; Rupee Down

The government has invoked never-before-used powers under the RBI Act that allow it to issue directions to the central bank governor on matters of public interest

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NBFCs: Backs To The Wall

Non-banking financial companies, or NBFCs are faced with their toughest test ever and are scaling back lending as they grapple with a liquidity squeeze

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5 Money Tips For The Festive Season

Here are the five steps can ensure that your financial health doesn’t take a severe hit this season

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Our Focus Is To Build A Solid Foundation With Innovative Products & Services: Anup Rau Velamuri

In an interview with BW Businessworld, Anup Rau, CEO, Edelweiss General Insurance, talks about the new plans and initiatives in the health insurance sector

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4 Factors That Affect Your Credit Score

Here are the four most important ones, in descending order of their weightage

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Yes Bank Second-quarter Profit Slips 3.8%, Misses Estimates

Net profit fell to Rs 9.65 billion in the quarter ended 30 September, from Rs 10.03 billion a year earlier

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Taxmann Launches GST Practitioners Question Bank With Quick Exam Guide

The book follows the prescribed syllabus for Goods and Services Tax Practitioners (GSTPs) exam which is scheduled for October 31, 2018

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YES BANK Launches Cashless Solution For Puducherry Smart City

Day-to-day utility and retail payments will now be cashless through a ‘RuPay’ pre-paid card jointly issued by YES BANK and Puducherry Tourism Development Corporation

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