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Latest Articles in banks
Banks With Lowest Personal Loan Interest In India
Choosing a suitable personal loan plan is necessary for avoiding loan repayment problems in the future
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Banks Should Work Towards Banking Unbanked: MoS Finance
The minister called for increasing bank penetration in rural areas. He directed banks to reduce the waiting period for loan disbursement, a release said
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Big US Banks Beat Earnings Expectations On Higher Interest Rates
The results gave the first indicator of how JPMorgan and its peers are faring since the March failures of midsize lenders Silicon Valley Bank and Signature Bank
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PSB Announces Have Written-off ₹91,000 Crore In 9 Months Of FY23
Another set of data underlined the PSBs managed to recover a little over Rs 1 out of Rs 5 in written-off accounts for the financial year 2022, picking up a pace of recovery from around 8 per cent in 2017-18 to a little over 21 per cent in FY22
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RBI Directs Banks To Make Extra Provisions For Top 20 Companies
The decision comes in the wake of the ongoing crisis in banks in Europe and US
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Indian Banks Are Epitome Of Resilience: SBI Report
When compared with other major countries, India has the least foreign claims, both as a counterparty basis and also as a guarantor basis, the report states
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Banks May Increase Loan Interest Rate By 100-150 bps In FY24 Amid Tightening Liquidity: Ind-Ra
The rating agency opines that the transmission of monetary policy in the banking system could intensify in FY24 driven by the sharp rise in bank's marginal cost of funding
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Unable To Release Money From Nirav Modi's Firm Account, Banks To Court
The special court will hear the matter for passing orders on February 23
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Govt To Hold Financial Bids For IDBI Bank In Sept
After the strategic sale, the 94.72 per cent stake of the government and LIC together will come down to 34 per cent in the bank
Read MoreCBI Books Unitech And Its Directors Against IDBI Bank Fraud
IDBI in its complaint said the company was allegedly enjoying a vendor bill discounting (VBD) facility, a kind of credit, of Rs 400 crore from the bank in 2012
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Banks Reluctant To Extend Fresh Loans To Vodafone Idea Before Capital Hike: Report
The company needs the funds to remain in business. But the lenders will wait for either a capital increase by its main shareholders - UK-based Vodafone Group and local investor Aditya Birla Group - or a debt-to-equity conversion by the government before granting the debt-laden operator more funding
Read MoreBank Of Maharashtra Records 22% Credit Growth In Q3
In its regulatory filing, it stated an outstanding of Rs 1.29 lakh crore at the end of 31, December 2021
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The Great Bank Deposit War
SBI has raised interest on retail deposits to 6.75 per cent from 6.1 per cent. IDFC first, HDFC, and Axis bank are at 6.5 per cent, and Kotak Mahindra has hiked the interest rate to 7 per cent
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DICGC Settles Insurance Claims Of 3,06,146 Eligible Depositors Of 35 Banks
Giving more information, the Minister stated that 12 banks have since gone into liquidation after the deposit insurance amount was paid to the depositors of the banks in terms of Section 18A of the DICGC Act, 1961 from 1 September 2021 to 30 November 2022
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Government Raises Maximum Tenure Of PSU CEOS To 10 Years
The central government will have the right to terminate the term of office of a full-time director, including the MD, any time before the expiry of the term specified, by giving him a notice of minimum of three months
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