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See whats happening in BFSI sector right now
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Deposits see a robust sequential uptick, CD ratio goes below 80%
Credit offtake continued to grow, increasing by 19.9% year-on-year to reach Rs 166.0 lakh crore, for the fortnight ended April 5, 2024, while deposits grew by 13.8% y-o-y for the fortnight.
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Explainer: What are forex cards and why is it preferred over credit cards for foreign travel?
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PSBs likely to report lower slippages due to better loan monitoring
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Banks to be closed for 11 days in May 2024
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How will IRDAI move to extend health insurance to above 65 age group pan out for insurers?
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RBI's mandate on KFS to address MSME credit gap, promote equitable lending
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RBI Innovation Hub creates platform to lend to SHG women, Canara goes live; 5 banks to join soon
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Exclusive: ‘Not just a new name’, says Bandhan Life’s CEO sharing growth plans
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Indian private investments maintain momentum, $57 bn raised across 1301 deals in 2023: Report
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Public sector banks don't have power to issue Look Out Circulars against defaulters: HC
A division bench of Justices Gautam Patel and Madhav Jamdar held as unconstitutional the clause of an office memorandum issued by the central government empowering the chairpersons of public sector banks to issue LOCs against default borrowers.
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You will have to change your @Paytm UPI handle; here's how to activate new UPI ID on Paytm app
How to activate new UPI ID on Paytm app: Paytm can now provide UPI services through partner banks. After the approval, Paytm has expedited the integration with Axis Bank, HDFC Bank, State Bank of India (SBI), and YES Bank.
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Airtel Payments Bank launches interoperable common mobility cards
The bank has introduced NCMC enabled debit card for its savings account customers and pre-paid card for the wallet customers. Both cards are being made from eco-friendly e-PVC material, which is certified for its environmental sustainability.
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Indian economy on strong footing! April business growth at near 14-year high, PMIs show
India's business activity expanded at its fastest pace in nearly 14 years this month, driven by robust demand and positive jobs growth. The HSBC's flash India Composite purchasing managers' Index rose to 62.2, indicating strong performance in both manufacturing and service sectors.
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India needs intensive action on economy, not policy paralysis: Nirmala Sitharaman takes dig at Congress
Stressing that Prime Minister Narendra Modi has set a target for 'Viksit Bharat 2047', she said development doesn't happen by default or without effort. Addressing an event organised by the Institute of Company Secretaries of India - Bengaluru Chapter, Sitharaman said, "It is a sea change between what we inherited in 2013-14 and 2024...where we have reached today.
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Reverse migration has begun, says FM Nirmala Sitharaman
Union Finance Minister Nirmala Sitharaman on Monday said reverse migration had started as a lot of people are coming back to establish business here. According to her, reverse migration has started in which a lot of people, who have a global footprint, are finding businesses, professions and careers to be built in India.
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Mahindra finance to delay Q4 results due to detected retail vehicle loan financial fraud
A financial fraud has been detected at the North East branch of Mahindra & Mahindra Financial Services during the end of the fourth quarter of the financial year ended March 31, 2024, the company informed the exchange in its filing on Monday.
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NCLT admits Indiabulls Housing Finance insolvency plea against Subhash Chandra
The bankruptcy court has admitted Indiabulls Housing Finance Ltd's (IHFL) application to initiate insolvency resolution proceedings against Essel Group chairman Subhash Chandra for default by a company called Vivek Infracon. Chandra was a personal guarantor against the loans availed by the company.
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Govt bonds worth Rs 32,000 crore to be auctioned on April 26
The Finance Ministry on Monday announced the sale of government bonds worth Rs 32,000 crore in two categories on April 26 (Friday).
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Adani offshore investors broke Sebi rules: Report
Reuters had first reported that Sebi has uncovered violation of rules on disclosures by listed entities and limits on the holdings of offshore funds in Aug last year.
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MUFG likely to sweeten $1.7 billion offer for HDB Finance
The two sides are seeking to reach an agreement in about a month, the people said, asking not to be identified discussing private information. MUFG has been working on the purchase of a 20% stake in HDB Financial Services, Bloomberg News reported on April 12.
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Nifty Bank likely to face some resistance around 48,000, suggest analysts
The Nifty Bank witnessed value buying at lower levels for the second consecutive day in a row, but it failed to hold on to the 48,000 mark. The index is likely to face stiff resistance around 48K marked by the highest Call open interest (OI), suggest experts.
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India's Paytm Payments Bank board is independent, Paytm CEO Sharma says
PAYTM-India's Paytm Payments Bank board is independent, Paytm CEO Sharma says
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HDFC Bank decision to refrain from price war on deposits and infra bonds will help improve NIM: Analysts
Effectively, the bank will not be required to set aside cash reserve ratio (CRR) and statutory reserve ratio on the infrastructure bonds. HDFC Bank absorbed HDFC Ltd's Rs 1 lakh crore infra bonds following the merger, effective July 2023.
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IndusInd Bank executes maiden programmable e-rupee transaction in Ratnagiri
It initiated the programmable CBDC (Central Bank Digital Currency) disbursement to 50 farmers in Ratnagiri district of Maharashtra, and the aim is to scale it up to 1,000 farmers, the statement said, without giving a timeline.