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Latest Articles in Banking Finance

SBI: Unmatched Leadership

"With the gradual improvement in economic activity, the business of State Bank of India continued to show double-digit growth in FY2022," says Dinesh Kumar Khara, Chairman, SBI

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Union Budget Indicates Amendments In Banking Act

Finance Minister Nirmala Sitharaman notified the enhancement in senior citizens’ maximum deposit limit for saving schemes from 15 lakhs to 30 lakhs

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Union Budget 2023: Key Takeaways Of The Banking Sector

While the center claims the budget herald’s good news for both the industrial sector and the common well-being, let us monitor the key aspects of the budget in the banking field, a significant pro-growth sector toward the revival and sustainable development of the country.

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For Finance, Insurance Sector, Union Budget ‘23 Aids Ease Of Doing Business

The sector experts felt that by including the sector as a key priority area and focusing on ease of doing business, the FM has reinforced the power of Make In India

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Banking Sector Lauds Union Budget 2023, Calls It ‘Focused’

The banking sector called the union budget 2023-24 focused on fiscal consolidation

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A Personal Finance Wishlist for the Union Budget ‘23

With the Union Budget round the corner, here are a few things that are on every investor’s wish list at the moment

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Bajaj Finserv Profit Grows 42% In Third Quarter

In comparison to the same quarter last year, total revenue increased 23 per cent to Rs 21,755 crore, or Rs 17,620 crore.

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Goldman Sachs Slashes CEO's Pay By 30% After Bank's Poor Performance

The bank has admitted to billions in losses from its experiment in consumer banking and is retrenching from big plans to build checking accounts and other products for modest borrowers

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Interest Rates Nearing Peaks But Major Central Banks Will Delay Monetary Policy Easing: Report

With inflation rates still well above targets and credibility at stake, major central banks will continue to tighten policies in early 2023

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SBM Bank India Raises Rs 99 Cr From LIC Via Tier II Bonds’ Issuance

The bank has raised the entire corpus from the country's largest financial institution, the Life Insurance Corporation (LIC) of India

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UCO Bank's Net Profit More Than Doubled In October-December Quarter

UCO Bank's net profits during Q3 and the first three-quarters of FY23 were the highest ever in the 80 years of the Bank's history

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FinMin Meets Private Sector Lenders To Assess Status Of Major Schemes

Joshi met with the leaders of public sector banks last week and pushed them to meet the goals set forth by various programmes for the current fiscal year

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Punjab & Sind Bank Records 34.17% Hike In Net Profit At Q3FY23

The bank's total business grew by 12.08 per cent on Y-o-Y basis to Rs 187242 crore as on December 2022

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Canara Bank To Sell Its Russian JV Stake Worth $14.67 Mn To SBI

CIBL was incorporated in the year 2003 and is a Joint Venture (JV) in Russia between SBI (60 per cent) and Canara Bank (40 per cent)

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ICICI Securities Net Profit Falls 26.1% In Q3

The Distribution Business generated sales of Rs 167 crore in the third quarter of FY23, up 2 per cent year on year, owing to increase in Mutual Fund and Life Insurance products

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