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Latest Articles in private sector

Kotak Mahindra Bank Shares Gain Over 2 % After Q4 Earnings

Keeping the same in mind, the bank has consciously reduced its exposure to retail unsecured lending over FY21, and it now contributes only 5.8 per cent of the overall book as against 7.5 per cent in the year-ago period.

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Govt Invites Applications For Post Of IRDAI Chairman

The applicant should have minimum of two years of residual service as on May 7, 2021, that is the applicant's age should not exceed 63 years on said date

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Private Life Insurers' New Premium Income Grows 8 % In FY21

Equity-oriented inflows were modest in March at Rs 9,600 crore, compared to Rs 20,167 crore outflows since June 2020.

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Prudence & Pragmatism

HDFC Bank put in place key digital innovations including ‘My Account My Choice’ where its CASA customers could choose an account number of their choice while opening an account; 66,000-plus accounts were activated with book balance of over Rs 5,000 crore, the bank said.

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AT-1 Bonds Case: Yes Bank To Appeal Rs 25 Cr Fine By Sebi

The announcement came hours after markets regulator Sebi imposed a penalty of Rs 25 crore on the lender in the case.

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RBL Bank Targets More SME Borrowers After Tie-Up With UK-Based Biz Solutions Provider Tide

The gross advances were up by 2 per cent y-o-y at Rs 60,012 crore compared to Rs 58,966 crore a year ago.

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RBL Bank Gross Advances Up 5 % At Rs 60,012 Cr As Of Mar'21

Total deposits were up by 9 per cent to Rs 73,123 crore in the period under review, as against Rs 57,812 crore a year ago.

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Indian Technology Services Could Touch $300-350bn In Revenues By 2025: Nasscom

Providers will need to refresh their service lines and offerings and stay relevant to cater to these more digitally adept enterprises, who expect higher-quality services and have very different buying behaviour

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IDFC First Bank Fixes Floor Price For Rs 3,000 Cr QIP At Rs 60.34/Share

The Capital Raising Committee of the Board also decided that the bank may at its discretion offer a discount of not more than 5 per cent on the floor price for the issue

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Skilling And SME Are At The Heart Of A Digital Recovery

The success of digitally-empowered SMEs stands on essential pillars of technology adoption and infrastructure, access to the right skillsets, finance and policy push.

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NPAs Expected To Increase In First Half Of 2021: FICCI-IBA Survey

The survey was conducted on 20 banks, including public sector, private sector and foreign banks, representing about 59 per cent of the banking industry, as classified by asset size.

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Federal Bank aims 'mid-teen' growth in credit for FY22

The bank is 'fairly close' to the objective of having a 55:45 split in the loan book between retail and wholesale loans, and would like to maintain it the same way going ahead as well.

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Budget 2021: Govt is facilitator, private sector driver of growth, says Sitharaman

Budget 2021: Govt is facilitator, private sector driver of growth, says Sitharaman

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Principal Secretary to PM chairs meeting on COVID-19 vaccination, plans to involve private healthcare facilities discussed

Principal Secretary to PM chairs meeting on COVID-19 vaccination, plans to involve private healthcare facilities discussed

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Kotak Mahindra Bank Announces Launch Of Kotak Remit On Mobile

The private sector lender said that it is an industry-first move, and customers will not have to furnish any physical documents for transactions up to USD 25,000 or equivalent seamlessly to permissible geographies across the world.

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