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Latest Articles in banking

Unions Go Ahead With Bank Strike, Services Suffer

Branches of public banks remained either closed or non-operational on Tuesday (February 28) as staffers and officers went ahead with their day-long strike pressing for various demands, including accountability of top executives in the wake of mounting bad loans

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Investors, Beware The Allurement Of Stories!

In the investing world, stories can prove especially dangerous, and can even serve to kick start a multitude of other firmly embedded behavioral biases

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Is Budget 2017-18 Unique For Banking Sector?

Thrust on digital economy requires banks to go for digitisation but the banking sector should not be clogged with unnecessary regulations

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Fake Notes From SBI ATM: Government To Investigate Matter

The government will investigate reports of an SBI ATM in South Delhi dispensing fake Rs 2,000 notes and will take all possible steps to control generation of counterfeit currency, a senior minister said on Thursday

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India Banking Bailout Cost 'Manageable', Says IMF

The cost of recapitalising India's struggling banks would be affordable even under a negative scenario, the International Monetary Fund said on Wednesday, urging government steps to strengthen the financial system

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India Needs To Create Bad Bank Quickly, Says Chief Economic Adviser Arvind Subramanian

The finance ministry's chief economic adviser, said that delaying a cleanup would further reduce private-sector investment and make the problem worse for Asia's third-largest economy

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No Plans To Introduce Rs 1,000 Notes, Says Economic Affairs Secretary Shaktikanta Das

The government has no plans to introduce Rs 1,000 notes and the focus is on increasing production of lower denomination currencies, Economic Affairs Secretary Shaktikanta Das said

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HSBC's 2016 Profit Slumps 62% On Writedowns As Outlook Dims

HSBC Holdings reported a 62 per cent slump in annual pre-tax profit that fell way short of analysts' estimates as the British bank took hefty writedowns from restructuring and pointed to brakes on revenue growth

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'Next 5 Years Will See Dramatic Change In Retail Banking'

Rajiv Yadav, CEO of Disha Micro Finance, says his company will focus on the areas and products which are not being covered by the large banks

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The Never Ending NPA Crisis

Bad debts will continue to cripple banks till the end of 2018. Sutanu Guru on how this will damage Brand Modi

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Under Enigmatic Patel, Indians Failing To Read Central Bank Policy

Under governor Urjit Patel, the RBI has significantly reduced communication with markets after he took over in September, an analysis of his public comments shows

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It's Important One Grows A Thick Skin Fast, Says RBI Governor Urjit Patel

Unfazed by criticism of the way the note ban was handled, RBI Governor Urjit Patel on Friday said the central bank has grown a thick skin fast doing its job and stressed that the economy will make a "sharp V" recovery after a short drop

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Currency In Surplus, ATMs Being Monitored Daily, Says FM Arun Jaitley

Finance Minister Arun Jaitley has said the currency is in surplus and the ministry is monitoring status of ATMs on a daily basis to sort out operational issues

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