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Latest Articles in private banks

U GRO Capital Performs Strongly In The Pandemic Ridden FY21

The total AUM of the company for FY2021 grew by 53% to ₹ 1,317 Cr as on March 2021 compared to ₹ 861 Cr in March 2020.

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RBI Modifies Norms For Undertaking Govt Business By Private Banks

'Scheduled private sector banks, not having agency banking agreement with RBI, but intend to handle government agency business, may be appointed as agents of RBI upon execution of an agreement with RBI.

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Strength To Strength

Axis Bank successfully raised Rs 12,500 crore through one of the largest ever QIP issued by any pri‑ vate sector entity. This

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Govt lifts embargo on granting businesses to private banks

Govt lifts embargo on granting businesses to private banks

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Private Banks fare best on Customer Effort Index: Study

Private Banks fared best on CES, which typically meant the customer had to put in less time and effort in solving their problems.

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Old Bottle. New Whine.

The Reserve Bank of India (RBI) announced few days ago that LVB would remain under moratorium till Dec 16th 2020 and mooted the concept of amalgamation of LVB with DBS Bank (India), it took the market (and potentially punters) by surprise.

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Pralay Mondal To Join CSB Bank As Head Of Retail Biz

The announcement comes days after Axis Bank informed exchanges about Mondal's decision to quit as executive director (retail banking) after spending a year at the bank.

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Lakshmi Vilas Bank Approached By Potential Investor

LVB's capital adequacy ratio stood at 3.46% at the end of December, it said in its quarterly results release in February, while the percentage of gross bad loans to total assets had inched up to 23.27%.

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Private Banks May See Q2 Profit Growth, PSB Woes To Persist, Says Study

Private sector banks are likely to see about 5 per cent uptick in earnings while profit of state-owned lenders may drop 12.7 per cent for the second quarter of this fiscal, a report said

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RBI Allows More Foreign Stake In Private Sector Banks

The Reserve Bank of India has allowed foreign banks higher shareholding in private sector lenders in the country under exceptional situations as it tweaked the guidelines, against the backdrop of norms on licensing of new banks

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HSBC To Shut Down India Private Banking Business

HSBC Holdings Plc will shut its private banking business in India, a spokesman said, marking the exit of another foreign bank from the cut-throat business in Asia’s third-largest economy

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