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Latest Articles in banks

COVID-19: Unions Urge To Restrict Banking Hours Till 2 pm In Maharashtra

This will help in reducing the customer interaction time at the branches/ offices and will, therefore, reduce the risk of contamination among the employees of banks and customers, it said.

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Banking On Banks In This Fintech Age

Successful banks of the future will need to embrace emerging technologies, remain flexible to adopt evolving business models, and keep their customers at the core of their business existence.

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Government Appoints Non-official Directors On Boards Of Various Banks

The government has appointed Non-Official Director (NOD) on the board of these banks for three years.

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Banks Lost Rs 2.85 Trillion Due To Loan Default Of 13 Firms: UBFU

According to the statistics given by the UFBU, the 13 corporates' outstanding dues were at Rs 4,86,800 crore and it was resolved at Rs 1,61,820 crore resulting in a loss of Rs 2,84,980 crore.

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Issued No Direction To Banks To Not Give Loans To Sensitive Customers: FinMin

However, banks do exercise a certain level of discretion based on their available KYC (know your customer), she added.

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Banks Write Off Rs 46,382 Cr NPA In H1: Mos Finance To Lok Sabha

The borrowers of written-off loans continue to be liable for repayment and the process of recovery of dues from the borrower in written-off loan accounts continues.

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Banks Issue 31.67 Cr RuPay Debit Cards To PMJDY Account Holders

The Jan Dhan Yojana, which was announced by Prime Minister Narendra Modi in his Independence Day address in 2014, was launched on August 28 in the same year.

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BNPL: New Kid On The Block For Driving Festive Season Sales

Usage of BNPL is no longer limited to high-value purchases like electronics, shoppers are using it for day-to-day needs, including personal care, nutrition, and food.

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Govt Approves Rs. 4,400 Cr Investment In ECGC To Support Exporters, Banks

The Centre has also approved capital infusion of Grant-in-aid (Corpus) of Rs. 1,650 Crore to National Export Insurance Account (NEIA) from Financial Year (FY) 2021-22 to FY 2025-26.

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Centre Is Expected To Ask Anchor Investors To Hold 25% In Monetised Roads

Meanwhile, this proposal will not work for Toll Operate Transfer (ToT) or private InvITs and will only be able to work for Public-funded Infrastructure Investment Trusts (InvITs), some experts told a leading media house.

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FDI Proposal For Bank-Promoted Insurance Firm To Be Vetted By RBI, Irdai: Govt Notification

These changes were made by amending the Foreign Exchange Management (Non-debt Instruments) Rules, 2019, according to the gazette notification issued by the Finance Ministry on August 19, 2021.

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We Committed To Agriculture Reform As MSP Monies Are Paid Directly To The Farmers: Sanjeev Sanyal, Principal Economic Adviser

Principal Economic Adviser in the finance ministry Sanjeev Sanyal’s work in chaos theory and his belief that economic growth demands perpetual imbalance may be the right recipe for the Indian economy given its complexity. The government though is very conservative on fiscal balance. He talks to BW Businessworld’s Manish Kumar Jha about fiscal support and its multiplier effect, the bold steps and disruptions in opening the economy further, pushing pending reforms, gyrating out of pandemic-led economic disruptions, and more.

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Banks, Metals Drag Sensex By 53 Pts

HDFC Twins, Kotak Mahindra, and SBI were the top laggards for the BSE Sensex on Tuesday.

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SBI Puts Up For Sale NPA Account MSP Metallics

The interested ARCs/banks/NBFCs/FIs can conduct due diligence of these assets with immediate effect, after submitting expression of interest and executing a Non-Disclosure Agreement (NDA) with the bank

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Second Wave Of COVID Infections Poses Increased Risks For Fragile Economic Recovery, Banks: Fitch

Fitch forecasts India's GDP growth at 12.8 per cent for the current financial year ending March 2022 and this incorporates expectations of a slowdown in the April-June quarter due to the flare-up in new coronavirus cases.

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