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Latest Articles in banks

Solar Power Opens The Door To Banking For Rural Indians

A more reliable banking experience is also bringing in new customers who previously didn't have the time for long waits or who worried about never knowing when they would be able to access their money

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RBI Imposes Restrictions On Two UP-Based Cooperative Banks

The restrictions under the Banking Regulation Act will remain in force for six months

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Banks, Financial Institutions Can Look At Having Paperless Branches: RBI Discussion Paper

On a voluntary basis, the REs should set up targets for increasing funding to green projects over short, medium and longer term towards certain identified sectors

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Banking Stocks Rally On Rising Rates; Experts Bullish On Uptrend

While the BSE Bank index has risen by 5 per cent since the beginning of 2022, as against a decline of nearly 4 per cent in the BSE benchmark Sensex

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Banks Must Balance Between Digital And Paper Based Forms Of Communication: Das

The bigger responsibility lies with the banks themselves to ensure robust governance and risk management which are integral to the functioning of a bank

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Banks To Report Mark-To-Market Losses Of Rs 13,000 Crore On Rising Bond Yields: Report

The agency estimated the system will report an incremental credit growth of 10.1-11 per cent or Rs 12-13 lakh crore in FY23

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How NBFCs Are Aiding The Growth Of Micro Entrepreneurs

Banks have not been able to cater to the funding requirements of micro enterprises and fill the INR 5 trillion credit deficit facing the sector

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RBI Governor Warns Entities For Using Harsh Loan Recovery Methods

He described the tactics as unacceptable and assured that the RBI is paying “serious attention” to such happenings and will ensure necessary action to curb them

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Special Clearing Ops By Banks On Mar 31 For Govt Account Closures

The Reserve Bank has issued directions to the banks for smooth clearing operation and asked them to participate in it

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Banks Recover Nearly Rs 61,000 Crore Via One-time Settlement Of Loans

The figures are for the last three financial years and up to December 2021 of the current fiscal

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No Public Sector Bank Faced Loss In April-Dec Quarter Of FY22: Govt

The highest amount of net loss was registered in 2017-18 at Rs 85,370 crore, followed by Rs 66,636 crore in 2018-19; Rs 25,941 crore in 2019-20

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Banks Recover Over Rs 7.34 Tn In Six-and-a-half Years To Dec 2021: Govt

On recovery of fraud amounts, the minister said Rs 55,895 crore have been recovered in the past six financial years and the current financial year up to December 31, 2021, he said

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Banks In India Act Against Future Retail For Missing Payments

The lenders also said they would be required by law to provision Rs 80 billion-90 billion ($1.07 billion-$1.2 billion) in their books on account of the default by the country's second-largest retailer.

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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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