HDFC Bank Q4 net profit rises 23% to Rs 5,885 crore

Net interest income grew by 22.8 per cent to Rs 13,089.5 crore in the last quarter of FY2018-19 from Rs 10,657.7 crore in the year-ago quarter driven by average asset growth of 19.8 per cent and a core net interest margin of 4.4 per cent, the bank said.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News http://bit.ly/2IxGx8H

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HDFC Bank Q4 net profit jumps 23% on-year, asset quality improves, provisions decline; key highlights

India’s major private sector lender HDFC Bank reported robust Q4 results for the January-March period, even as asset quality improved and provisions declined.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2KSmdkb

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HDFC Bank Q4 net profit jumps 23% on-year, asset quality improves, provisions decline; key highlights

India’s major private sector lender HDFC Bank reported robust Q4 results for the January-March period, even as asset quality improved and provisions declined.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2KSmdkb

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SoftBank Group International CFO Alok Sama to step down

Sama will remain as a Softbank representative on boards including SB Energy and SoFi

from Business Line - Money & Banking http://bit.ly/2Xtb2Qu

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HDFC Bank Q4 net profit up 23% at Rs 5,885 cr

Board approves Rs 50,000 crore capital raising through bonds over next 12 months

from Business Line - Money & Banking http://bit.ly/2GwWiKA

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Paytm Payments Bank appoints Sairee Chahal to board of directors

Paytm Payments Bank Ltd (PPB) on Saturday said it has appointed entrepreneur Sairee Chahal to its board of directors. Chahal is the founder and CEO o

from Business Line - Money & Banking http://bit.ly/2UtGbBt

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View: Balanced approach essential on foreign currency debt

It is essential to realise that severe foreign exchange rate fluctuations can severely impact the debt servicing capacity of a company that relies excessively on foreign borrowings.

from Banking/Finance-Industry-Economic Times http://bit.ly/2GzfYxM

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Banking system faces Rs 70,000 crore liquidity deficit

High poll spending has also added to more-than-normal deficit in system liquidity.

from Banking/Finance-Industry-Economic Times http://bit.ly/2KTGfeb

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First-year premium of life insurers up 11 per cent in FY19; LIC retains top slot

Life Insurance Corporation of India registered 5.68 per cent growth in premium at ₹1,42,192 crore

from Business Line - Money & Banking http://bit.ly/2IwnJGT

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Bankers hope for less pain as RBI readies new stressed-asset norms

Central bank working on revised rules to replace Feb 12 circular

from Business Line - Money & Banking http://bit.ly/2GlmMO4

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Deutsche Bank bets big on India retail growth

Deutsche Bank is looking to grow its retail business in India, and plans to roll out a new digital platform for processing loans.“We are developing a

from Business Line - Money & Banking http://bit.ly/2IPWZR9

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A cash-deposit machine that serves customers of all banks

A Chennai-based start-up, Life Tel Communication, has come out with a cash-deposit machine (CDM) that accepts cash from customers of all banks. If y

from Business Line - Money & Banking http://bit.ly/2IJewds

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Online insurance aggregators make claims settlement easy

Extend free claims settlement services to customers of other insurance companies, too

from Business Line - Money & Banking http://bit.ly/2IFrPeS

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SBI wasting Indian taxpayers’ money on UK legal fees: Mallya

Press Trust of India Embattled liquor tycoon Vijay Mallya once again used social media to reiterate his offer to pay back the debt owed to public sec

from Business Line - Money & Banking http://bit.ly/2Gw6Big

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Jet Airways: AIBEA urges PM to order thorough enquiry, punish wrongdoers

Seeks Govt intervention so that banks are not pressurised to dole out further loans

from Business Line - Money & Banking http://bit.ly/2ZmRRtl

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New York Fed cracks down on Puerto Rico banks after Venezuela sanctions

US sanctions on Venezuela have led the New York Federal Reserve to crack down on Puerto Rico’s $50-billion offshore banking industry, according to fou

from Business Line - Money & Banking http://bit.ly/2KYVGlA

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Banks Board Bureau identifies 75 senior officers for leadership roles in PSBs

BBB, headed by former Department of Personnel and Training secretary B P Sharma, also suggested revamping credit governance architecture in nationalised banks to reinforce efforts to minimise credit costs and enhance efficiency of credit allocation.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2vaw5v0

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India govt had no outstanding loans from RBI in week to April 12

India's government had no outstanding loans with the Reserve Bank of India (RBI) under ways and means advances in the week ended April 12, according t

from Business Line - Money & Banking http://bit.ly/2IIOeYI

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Jaypee flat possession delay: Buyers demand suspension of EMIs

Called for a meeting by crisis-hit Jaypee Group, a section of homebuyers on Friday boycotted the meet and protested here against huge delay in possession of their apartments. They demanded that banks should be asked to suspend monthly equated-monthly instalment (EMI) for the time being to provide some relief.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News http://bit.ly/2PhJmex

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Banks Board Bureau identifies 75 senior officers for leadership roles in PSBs

BBB, headed by former Department of Personnel and Training secretary B P Sharma, also suggested revamping credit governance architecture in nationalised banks to reinforce efforts to minimise credit costs and enhance efficiency of credit allocation.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2vaw5v0

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Vijay Mallya accuses SBI of wasting taxpayers' money on UK legal fees

Days after a UK high court judge refused to dismiss an interim order freezing nearly 260,000 pounds in one of his London bank accounts, the 63-year-old issued a string of statements on Twitter to allege that the SBI led consortium of PSU banks were wrongly going after him in the UK courts.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News http://bit.ly/2Gs7ruX

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New management committed to ensure good governance, says Religare Enterprises

The company said allegations are being made by Godhwani to divert attention from the fraudulent transactions carried out in a listed company and the perpetrators need to brought to book.

from Banking/Finance-Industry-Economic Times http://bit.ly/2IGyWUx

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Banks Board Bureau identifies 75 senior officers for leadership roles in PSBs

BBB, headed by former Department of Personnel and Training secretary B P Sharma, also suggested revamping credit governance architecture in nationalised banks to reinforce efforts to minimise credit costs and enhance efficiency of credit allocation.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2vaw5v0

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Banks Board Bureau identifies 75 senior officers for leadership roles in PSBs

BBB, headed by former Department of Personnel and Training secretary B P Sharma, also suggested revamping credit governance architecture in nationalised banks to reinforce efforts to minimise credit costs and enhance efficiency of credit allocation.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2vaw5v0

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Airtel Payments Bank partners with Bharti AXA General Insurance for two-wheeler insurance

In a statement, Airtel Payments Bank said the product is available on MyAirtel App and at over 40,000 Airtel Payments Bank points across India during the first phase of launch.

from Banking/Finance-Industry-Economic Times http://bit.ly/2UKxRSJ

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Banks Board Bureau identifies 75 senior officers for leadership roles in PSBs

BBB, headed by former Department of Personnel and Training secretary B P Sharma, also suggested revamping credit governance architecture in nationalised banks to reinforce efforts to minimise credit costs and enhance efficiency of credit allocation.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2vaw5v0

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Lohani may meet SBI chief over leasing of wide-body Jet planes

Air India Chairman Ashwani Lohani is likely to meet State Bank Chairman Rajnish Kumar on Friday over the national carrier’s plans to lease five wide-

from Business Line - Money & Banking http://bit.ly/2GuBZ0C

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Non-life insurers witness 13% rise in premium

Non-life insurance firms registered a rise of 13 per cent in their collective premium income to Rs 1.70 lakh crore in the financial year ended March,

from Business Line - Money & Banking http://bit.ly/2XmRcGw

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Non-life insurers witness 13 per cent rise in premium in FY19

The 34 non-life insurers had a gross premium of Rs 1.51 lakh crore in 2017-18.

from Banking/Finance-Industry-Economic Times http://bit.ly/2KLWHwV

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Lenders invoke IBC norms to keep stressed assets in NCLT

Sources said promoters of some stressed power entities referred to NCLT have approached the bankruptcy court to quash insolvency proceedings.

from Banking/Finance-Industry-Economic Times http://bit.ly/2XwO6jx

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BBB identifies 75 senior officers for leadership roles in PSBs

BBB, headed by former DoPT secretary B P Sharma, also suggested revamping credit governance architecture in nationalised banks.

from Banking/Finance-Industry-Economic Times http://bit.ly/2IqwaTW

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Airtel Payments Bank ties up with Bharti AXA for two wheeler insurance

Airtel Payments Bank has tied up with Bharti AXA General Insurance to offer two-wheeler insurance to its customers across India.This insurance will be

from Business Line - Money & Banking http://bit.ly/2vcBDVW

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BBB identifies 75 senior officers for leadership roles in PSBs

It has made a case for giving a complete autonomy to banks to decide organisational structure for better efficiency.

from Business Line - Money & Banking http://bit.ly/2Plkh2w

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Ivanka Trump says she passed on World Bank job

In an Associated Press interview, US President Donald Trump's daughter said on Wednesday she was happy with her current role in the administration. She was travelling in Africa to promote a global women's initiative.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News http://bit.ly/2IJpRKr

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RBI governor cites weak investment demand as reason for 25bps rate cut

Reserve Bank of India (RBI) governor Shaktikanta Das cited weak investment demand and a lower-than-expected inflation trajectory to justify his vote in favour of a 25 basis point (bps) reduction in the repo rate to 6% at the April meeting of the monetary policy committee (MPC).

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2KNG1oX

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Retail loan growth slows as consumption, auto sales fall

Growth in banks' retail loan portfolios have been on a downward trend since November 2018 amid slowing consumption demand and falling auto sales, showed data from the Reserve Bank of India (RBI).

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2V8APzN

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RBI governor cites weak investment demand as reason for 25bps rate cut

Reserve Bank of India (RBI) governor Shaktikanta Das cited weak investment demand and a lower-than-expected inflation trajectory to justify his vote in favour of a 25 basis point (bps) reduction in the repo rate to 6% at the April meeting of the monetary policy committee (MPC).

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2KNG1oX

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Retail loan growth slows as consumption, auto sales fall

Growth in banks' retail loan portfolios have been on a downward trend since November 2018 amid slowing consumption demand and falling auto sales, showed data from the Reserve Bank of India (RBI).

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2V8APzN

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RBI governor cites weak investment demand as reason for 25bps rate cut

Reserve Bank of India (RBI) governor Shaktikanta Das cited weak investment demand and a lower-than-expected inflation trajectory to justify his vote in favour of a 25 basis point (bps) reduction in the repo rate to 6% at the April meeting of the monetary policy committee (MPC).

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2KNG1oX

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Retail loan growth slows as consumption, auto sales fall

Growth in banks' retail loan portfolios have been on a downward trend since November 2018 amid slowing consumption demand and falling auto sales, showed data from the Reserve Bank of India (RBI).

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2V8APzN

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RBI governor cites weak investment demand as reason for 25bps rate cut

Reserve Bank of India (RBI) governor Shaktikanta Das cited weak investment demand and a lower-than-expected inflation trajectory to justify his vote in favour of a 25 basis point (bps) reduction in the repo rate to 6% at the April meeting of the monetary policy committee (MPC).

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2KNG1oX

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Retail loan growth slows as consumption, auto sales fall

Growth in banks' retail loan portfolios have been on a downward trend since November 2018 amid slowing consumption demand and falling auto sales, showed data from the Reserve Bank of India (RBI).

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2V8APzN

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RBI governor cites weak investment demand as reason for 25bps rate cut

Reserve Bank of India (RBI) governor Shaktikanta Das cited weak investment demand and a lower-than-expected inflation trajectory to justify his vote in favour of a 25 basis point (bps) reduction in the repo rate to 6% at the April meeting of the monetary policy committee (MPC).

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2KNG1oX

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Retail loan growth slows as consumption, auto sales fall

Growth in banks' retail loan portfolios have been on a downward trend since November 2018 amid slowing consumption demand and falling auto sales, showed data from the Reserve Bank of India (RBI).

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2V8APzN

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RBI governor cites weak investment demand as reason for 25bps rate cut

Reserve Bank of India (RBI) governor Shaktikanta Das cited weak investment demand and a lower-than-expected inflation trajectory to justify his vote in favour of a 25 basis point (bps) reduction in the repo rate to 6% at the April meeting of the monetary policy committee (MPC).

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2KNG1oX

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Retail loan growth slows as consumption, auto sales fall

Growth in banks' retail loan portfolios have been on a downward trend since November 2018 amid slowing consumption demand and falling auto sales, showed data from the Reserve Bank of India (RBI).

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2V8APzN

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RBI governor cites weak investment demand as reason for 25bps rate cut

Reserve Bank of India (RBI) governor Shaktikanta Das cited weak investment demand and a lower-than-expected inflation trajectory to justify his vote in favour of a 25 basis point (bps) reduction in the repo rate to 6% at the April meeting of the monetary policy committee (MPC).

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2KNG1oX

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Retail loan growth slows as consumption, auto sales fall

Growth in banks' retail loan portfolios have been on a downward trend since November 2018 amid slowing consumption demand and falling auto sales, showed data from the Reserve Bank of India (RBI).

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2V8APzN

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RBI proposes framework for testing of products, services by fintech firms

In a 14-page document, the banking regulator had detailed out the need, objective, principles, risks and benefits and legal issues of the having a RS

from Business Line - Money & Banking http://bit.ly/2Gu8sE0

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IBBI suspends erring insolvency professional for two years

Insolvency regulator IBBI has suspended for two years the registration of Sanjay Kumar Ruia, an insolvency professional.This follows the IBBI’s Discip

from Business Line - Money & Banking http://bit.ly/2ICcjAF

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Democrats subpoena nine banks in probe of Trump finances

House Democrats’ investigations into President Donald Trump’s finances and potential money laundering tied to Russia have prompted them to demand docu

from Business Line - Money & Banking http://bit.ly/2XpMzM2

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Is the rupee likely to go back to square one after elections?

The rupee has been Asia’s best-performing currency in the past three months, but history suggests it will weaken once the current general election is

from Business Line - Money & Banking http://bit.ly/2IsQlRh

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MasterCard awaits RBI approvalfor contactless PoS machine tech

Global payment solutions major MasterCard may soon launch a payment technology for small merchants in India, where a smartphone will double up as a p

from Business Line - Money & Banking http://bit.ly/2Xu0AbD

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RBI signs up for FX global code

The RBI has signed a Statement of Commitment (SoC) to the FX Global Code. The code, launched on May 25, 2017, is a compilation of best market practice

from Business Line - Money & Banking http://bit.ly/2IphWTi

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AIBOC demands closure of 3 CTS grids on polling days

The All-India Bank Officers’ Confederation (AIBOC) has urged the Chief Election Commissioner to direct the RBI to ensure that the three Cheque Trunca

from Business Line - Money & Banking http://bit.ly/2ZkNq25

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RBL Bank Q4 net profit rises 39%on growth in net interest margin

Our BureauPrivate sector lender RBL Bank, on Thursday, reported a 39 per cent jump in net profit to ₹247.2 crore for the fourth quarter of 2018-19 on

from Business Line - Money & Banking http://bit.ly/2IGO0RW

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Why leeway under IBC eludes many MSMEs

Narrow definition under the MSMED Act is a key stumbling block

from Business Line - Money & Banking http://bit.ly/2GsZHdn

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Weakening domestic growth impulses had prompted RBI Guv to go for rate cut

On April 4, the RBI had reduced the repo rate, or the rate at which it lend to banks, by 25 basis points to 6 per cent -- the lowest level in one year.

from Business Line - Money & Banking http://bit.ly/2IH6hP4

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ICICI Lombard General Insurance Q4 profit up 7.5 per cent at Rs 228 crore

Total income increased to Rs 2,519.72 crore as against Rs 2,066.64 crore in the last quarter of the previous fiscal

from Business Line - Money & Banking http://bit.ly/2DiEbGA

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DCB Bank net profit rises 50% in March quarter

Private sector DCB Bank on Thursday said its net profit rose by 50 per cent to Rs 96 crore during the fourth quarter ended March 2019 on healthy cor

from Business Line - Money & Banking http://bit.ly/2PjNMBO

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Bank of Baroda, Srei enter co-lending alliance

City-based Srei Equipment Finance Ltd and Bank of Baroda will come together to offer joint loans for infrastructure equipment under a new agreement,

from Business Line - Money & Banking http://bit.ly/2DkJ2Hk

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'Can't sleep': Despair over jobs as Jet grounded

Thousands of employees have been stung by the rapid unravelling of Jet Airways, which, saddled with more than $1.2 billion in bank debt, grounded all its planes on Wednesday after lenders rejected a plea for emergency funds.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News http://bit.ly/2VaMvCm

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RBL Bank Q4 net profit jumps 39% to Rs 247 cr

Private sector lender RBL Bank on Thursday reported a jump of 39 per cent in its net profit to Rs 247.2 crore for the fourth quarter ended March 31, 2

from Business Line - Money & Banking http://bit.ly/2GtM7qi

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Central banks push green finance as global warming losses rise to $160 b

With insurers shouldering a record $160 billion in climate-related losses from last year alone, a group, including 30 central banks, called for measur

from Business Line - Money & Banking http://bit.ly/2De4Hkj

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General Insurance Corporation eyes re-insurance market in Eurasia

The GIC management will participate in the 12th Astana Economic Forum and is ready to continue negotiations on cooperation with AIFC.

from Banking/Finance-Industry-Economic Times http://bit.ly/2DhfUR2

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UK account stays frozen, neither Vijay Mallya, nor banks get £259k

A hearing on whether to make an interim third party debt order on Mallya’s UK ICICI bank account final — which would have forced ICICI to hand over the £259,000 to the banks immediately — has been adjourned until after the hearing of Mallya’s bankruptcy petition, scheduled in December.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News http://bit.ly/2ZfA9rT

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Banks want 90% lenders’ nod for resolution

The recommendation of the Indian Banks’ Association (IBA) to RBI about the lenders’ consent clause has dismayed industry.

from Banking/Finance-Industry-Economic Times http://bit.ly/2Zf107n

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ICICI Bank launches ‘insta auto loan’ for pre-approved customers

ICICI Bank on Wednesday launched facilities to boost its vehicle financing portfolio that would instantly deliver the sanction letters to current pre-approved customers availing two-wheeler and car loans. The bank plans to grow its vehicle loan portfolio by 17% in FY20.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2v9nI2G

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CRISIL board gives nod for transfer of ratings business to new subsidiary

Move follows SEBI’s diktat last year to segregate the rating and non-rating businesses of agencies

from Business Line - Money & Banking http://bit.ly/2UIS0sw

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Getting loans just got easy in China: Promote the Communist Party

A new method for small business owners to gain the favour of bank managers and obtain credit is emerging amid China’s push to support the real economy

from Business Line - Money & Banking http://bit.ly/2ZhlYlX

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RBI likely to consider table of repo rate changes mapped to policy stance

SBI’s economic research team comes up with a hypothetical scale similar to that of agencies

from Business Line - Money & Banking http://bit.ly/2PeYKZb

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Issuance of Govt bonds surges to ₹64,192 crore in FY19: ICRA

Such borrowings are estimated to have accounted for 0.34 per cent of GDP for FY2019, compared to 0.09 per cent of GDP for FY2018

from Business Line - Money & Banking http://bit.ly/2IptTII

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An insurance ‘gift’ for your loved ones

Royal Sundaram unveils campaign to promote insurance products

from Business Line - Money & Banking http://bit.ly/2Xjd9pS

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Crisil net falls 6.8 per cent to ₹ 76.6 cr in Jan-Mar quarter

Crisil has reported a fall of 6.8 per cent in its consolidated net profit to ₹ 76.6 crore in its first quarter ended March, 31, 2019. The company f

from Business Line - Money & Banking http://bit.ly/2V7uGEe

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BoM joins M1Xchange TReDS platform for MSME bill discounting

The cost of funds will be reduced for MSMEs as banks will be bidding based on the risk rating of a corporate

from Business Line - Money & Banking http://bit.ly/2DhYZO9

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ICICI Bank expects faster loan growth riding on instant loans

The bank has initially extended this facility for salaried customers having a steady cash flow into their accounts.

from Banking/Finance-Industry-Economic Times http://bit.ly/2IrggIV

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ICICI Bank launches instant auto, two-wheeler loan facility

ICICI Bank has announced the launch of the Insta Auto Loan of up to Rs 20 lakh and the Insta Two-Wheeler Loan of up to Rs 2 lakh in a fully digital, p

from Business Line - Money & Banking http://bit.ly/2XjE8Sa

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Axis Bank looks to acquire stake in Max Life

The ongoing talks between Axis Bank and Max Life comes nearly two years after regulators spiked the latter’s merger deal with HDFC Life. Incidentally, new Axis Bank CEO Amitabh Chaudhry was spearheading HDFC Life when the merger was being discussed.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News http://bit.ly/2XhKEJg

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Vijay Mallya feels 'sorry' for Jet; asks why many airlines have failed in India

"I am willing to pay either way whether I am in London or in an Indian Jail. Why don’t Banks take the money I offered first?" the founder of KFA asked in another tweet. He added that his offer to pay back his loans stands irrespective of where he is "in London or in an Indian jail" as he does not feel "spooked" by possibilities of extradition.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News http://bit.ly/2UZ38kk

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Will it be business as usual for banks as with Ola and Swiggy entering the space?

In many ways, cab aggregators have more hold on a customer than a bank, because a consumer is more likely to use the cab service and that has high recall value.

from Banking/Finance-Industry-Economic Times http://bit.ly/2V25jDQ

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Kotak Mahindra Bank moves NCLT against BILT unit

BILT Graphic was on the so-called second list of 29 defaulting companies of RBI.

from Banking/Finance-Industry-Economic Times http://bit.ly/2ICDtHx

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SFIO finds Deloitte due diligence below par in IL&FS financial services audit

Report says Bawa-helmed IFIN’s borrowings were made on basis of ‘fraudulently spruced up financials’.

from Banking/Finance-Industry-Economic Times http://bit.ly/2IAztqV

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Reliance General Insurance approaches Piramal, RIL to Offload 49% Stake

RGI’s net worth was Rs 1,405 crore at the end of FY18, up 12% from the previous year, during which the profit rose 27% to Rs 165 crore.

from Banking/Finance-Industry-Economic Times http://bit.ly/2XlJVa5

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RBI to NCLAT: Banks must mark IL&FS accounts as NPAs after default

The appellate tribunal, however, said there appeared a conflict between this RBI norm and the Insolvency and Bankruptcy Code (IBC) rule that a company should continue as a going concern till a resolution of its stress is found under the Code.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2XfMN8d

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RBI to NCLAT: Banks must mark IL&FS accounts as NPAs after default

The appellate tribunal, however, said there appeared a conflict between this RBI norm and the Insolvency and Bankruptcy Code (IBC) rule that a company should continue as a going concern till a resolution of its stress is found under the Code.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2XfMN8d

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PEs enter realty space vacated by cash-starved NBFCs

PE firms have invested $1.80 bn across 20 deals between October and March, showed data from Venture Intelligence.

from Banking/Finance-Industry-Economic Times http://bit.ly/2IAdVuI

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India Inc forex borrowing to pick up pace in FY20: Ind-Ra

If foreign portfolio investment inflows continue and hedging costs remain subdued by way of the Reserve Bank of India’s actions or otherwise, foreign

from Business Line - Money & Banking http://bit.ly/2UD7Rso

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Monsoon season likely to cloud India’s bond rally

India’s bond rally is petering out as expectations for more rate cuts by the central bank are fading and the all-important monsoon season comes into f

from Business Line - Money & Banking http://bit.ly/2GfjNGU

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Bandhan Bank gets CCI nod for merger with Gruh Finance

Our BureauBandhan Bank has received approval from the Competition Commission of India (CCI) for the proposed scheme of amalgamation of Gruh Finance wi

from Business Line - Money & Banking http://bit.ly/2UFA9mc

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Banks have to mark IL&FS accounts as NPAs after default: RBI to NCLAT

It is the obligations of the banks to mark any loan as NPA after a default of 90 days, and they cannot be relieved from doing that, said the Reserve Bank of India, adding that it is a process which every bank has to follow.

from Banking/Finance-Industry-Economic Times http://bit.ly/2PbYbzn

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JM Financial Products to raise ₹1,000 cr via NCDs

The issue comes with a base size of ₹200 crore and an ₹800-crore greenshoe option.

from Business Line - Money & Banking http://bit.ly/2v9DTgu

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Magma Fincorp sees credit growth picking up in FY20

Magma Fincorp, which had witnessed moderation in disbursals during the festival season last year, is expecting credit growth to pick up this fiscal,

from Business Line - Money & Banking http://bit.ly/2PdsRAc

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Non-deposit taking NBFCs must have ‘minimum investment grade rating’ to get forex trade licence: RBI

Our BureauSystemically important non-deposit taking NBFCs (investment and credit companies) should have a ‘minimum investment grade rating’ to get a l

from Business Line - Money & Banking http://bit.ly/2v9DNFE

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Want to find an independent central bank? Head to China

Truly independent central banks are beginning to look like an endangered species. Donald Trump continued to hammer his Federal Reserve chairman over t

from Business Line - Money & Banking http://bit.ly/2PePBzD

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Will former Dena, Vijaya bank heads explore another merger in PSB space?

Sankara Narayanan and Karnam Sekar are well-positioned to set the ball rolling for a fresh amalgamation, say banking experts

from Business Line - Money & Banking http://bit.ly/2v9DJFU

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Jet Airways seeks Rs 400 crore from lenders to avoid shutdown

Jet Airways on Tuesday sent a final SOS to banks for immediate release of at least Rs 400 crore to avoid a complete shutdown by end of day. While it is still waiting to hear from banks, aviation authorities have meanwhile started frantic efforts to rein in runaway fares as a fallout of Jet — which had a fleet size of 124 last November — is operating just five planes as of Tuesday.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News http://bit.ly/2Im1TWp

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IBBI to conduct roadshow in Hong Kong to highlight opportunities in stressed assets

KR Srivats Continuing with its efforts to build awareness on investment opportunities in the burgeoning stressed assets market in India, insolvency

from Business Line - Money & Banking http://bit.ly/2V1qk1k

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Punjab National Bank appoints Rajesh Yaduvanshi as Executive Director

Rajesh Yaduvanshi has also worked with Dena Bank in capacity of the Executive Director.

from Banking/Finance-Industry-Economic Times http://bit.ly/2XgXzva

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IDBI Bank launches paperless account opening facility for NRIs

Non-Resident Indians (NRIs), living in nearly 40 countries, will now be able to open account in IDBI Bank without submitting paper documents, the len

from Business Line - Money & Banking http://bit.ly/2UlGiPm

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IDBI Bank brings paperless account facility for NRIs

IDBI Bank has launched 'NRI-Insta-Online' account opening process for NRIs residing in Financial Action Task Force (FATF) member countries, it said in a release.

from Banking/Finance-Industry-Economic Times http://bit.ly/2IBgGMf

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Markets at new peak: Why Sensex, Nifty hit record closing highs

On BSE, top gainers include IndusInd Bank, ICICI Bank, ONGC, L&T, Maruti, Asian Paints and Axis Bank, with their stocks surging as much as 3.97 per cent. 25 out of 30 stock on BSE finished in green. On the NSE platform, sub-indices Nifty Private Bank, Bank and Financial Services logged major gains, up as much as 1.69 per cent.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News http://bit.ly/2vfQwa9

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LVB to allot nearly 5% shares to Indiabulls Housing Finance

Lakshmi Vilas Bank (LVB) on Monday said it plans to allot nearly 5 per cent equity shares on a preferential basis to Indiabulls Housing Finance Ltd.

from Business Line - Money & Banking http://bit.ly/2XiD7dj

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Lakshmi Vilas Bank board to meet on April 22 to discuss preferential treatment

Indiabulls Housing Finance on April 5 said it would merge with Lakshmi Vilas Bank in an all-share deal, where 100 shares of the bank would fetch 14 shares of the housing-finance lender.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2XepRGu

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Lakshmi Vilas Bank board to meet on April 22 to discuss preferential treatment

Indiabulls Housing Finance on April 5 said it would merge with Lakshmi Vilas Bank in an all-share deal, where 100 shares of the bank would fetch 14 shares of the housing-finance lender.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2XepRGu

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Astana International Finance Center seeks partnerships with BSE, GIFT

This was a key theme at roundtable organized here by AIFC and the Observer Research Foundation (ORF).

from Banking/Finance-Industry-Economic Times http://bit.ly/2Xg3uR8

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Banks’ lower credit costs to boost GDP: Goldman Sachs

A decline in credit costs of Indian banks is likely to boost the capacity of lenders to extend loans and, in turn, boost growth in the world’s fastest

from Business Line - Money & Banking http://bit.ly/2Img7qj

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Millennials give wings to travel loan segment

Segment growing faster than others on easy EMIs and cheaper interest rates

from Business Line - Money & Banking http://bit.ly/2XbzghX

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Citigroup’s profit up on investment banking business

Citigroup Inc reported a 2 per cent rise in quarterly earnings on Monday, as investment banking revenue surged and net interest margin expanded. Net

from Business Line - Money & Banking http://bit.ly/2ImfSvp

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Aye sets up not-for-profit company

 Aye Finance, a non-banking finance company focussed on lending to micro enterprises, has set up a not-for-profit company, FAME (Foundation for Advanc

from Business Line - Money & Banking http://bit.ly/2Xi7vV7

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RBI likely to slash interest rate for third time in June, says BofA-ML

A foreign brokerage, on Monday, said the Reserve Bank of India will cut its key policy rates by another 25 basis points, after Governor Shaktikanta Da

from Business Line - Money & Banking http://bit.ly/2ImZNWn

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Net interest margin of NBFCs likely to come under pressure

Small NBFCs face balance sheet contraction on tight liquidity and sell-down of portfolios

from Business Line - Money & Banking http://bit.ly/2XeN37n

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IDBI Bank web-based a/c opening

IDBI Bank, on Monday, said it has launched a mobile and web-based Savings Bank account opening interface. This will help customers open and activate

from Business Line - Money & Banking http://bit.ly/2ImZueb

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NBFC-MFIs raises around ₹26,000 cr through securitisation in FY19

NBFC-MFIs raised around ₹26,000 crore through securitisation in FY19, up about 2.6 times from ₹9,700 crore in FY18, on back of a tough liquidity env

from Business Line - Money & Banking http://bit.ly/2Go3UPN

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Bonus clawback plan for IL&FS executives

The govt is looking to claw back bonuses and other benefits that accrued to ousted top execs of IL&FS Group.

from Banking/Finance-Industry-Economic Times http://bit.ly/2ZfRNf9

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NPCI mulls blockchain to boost e-payments

A blockchain or distributed ledger is a continuously growing list of encrypted transactions called blocks. A block may contain any type of data such as unique digital identifiers of physical products. The National Payments Corporation of India (NPCI) is an umbrella organisation for all retail payments in India. It was set up with the guidance and support of the RBI and the Indian Banks Association (IBA).

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News http://bit.ly/2v3rSsT

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Kerala Financial Corpn doubles sanctions in 'controlled phase of growth'

Kerala Financial Corporation (KFC) has more than doubled its loan sanctions in 2018-19 compared to the previous year in what has been a ‘controlled ph

from Business Line - Money & Banking http://bit.ly/2Ix4I6n

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ED, I-T dept, CBI can attach assets mortgaged to banks: Delhi HC

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News http://bit.ly/2VKqAyV

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Jio's fibre business raising Rs 27,000-crore loan

Funds will be used to strengthen fibre unit in a bid to meet demand from power, telecom sectors.

from Banking/Finance-Industry-Economic Times http://bit.ly/2VLkM88

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India’s 2nd largest lender Bank of Baroda to evaluate board performance

"Bank of Baroda has decided to engage a consultancy firm to conduct an independent review of the overall evaluation and effectiveness of the bank's board. The review would provide an opportunity to align and prioritise the board's focus on critical issues," the RFP said.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2VKPvCf

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RBI remained net buyer of dollars for 3rd consecutive month; bought $825 million

The central bank had turned net buyer of dollar for the first time in fiscal 2019 in December 2018 buying USD 607million.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2UURG9q

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Bank of Baroda’s merger with Dena Bank, Vijaya Bank likely to complete in two years

As far as capital is concerned, the official said, the government has infused Rs 5,042 crore in the bank taking care of additional expenses and maintaining minimum regulatory capital requirement.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2UUF562

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India’s 2nd largest lender Bank of Baroda to evaluate board performance

"Bank of Baroda has decided to engage a consultancy firm to conduct an independent review of the overall evaluation and effectiveness of the bank's board. The review would provide an opportunity to align and prioritise the board's focus on critical issues," the RFP said.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2VKPvCf

Read more »

RBI remained net buyer of dollars for 3rd consecutive month; bought $825 million

The central bank had turned net buyer of dollar for the first time in fiscal 2019 in December 2018 buying USD 607million.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2UURG9q

Read more »

Bank of Baroda’s merger with Dena Bank, Vijaya Bank likely to complete in two years

As far as capital is concerned, the official said, the government has infused Rs 5,042 crore in the bank taking care of additional expenses and maintaining minimum regulatory capital requirement.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2UUF562

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Lenders having vested interest in debtor shouldn’t be part of creditors’ panel: NCLT

In a judgement of far-reaching implication in the insolvency and resolution process, the National Company Law Tribunal’s (NCLT) Chennai Bench has hel

from Business Line - Money & Banking http://bit.ly/2Udua2R

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India’s 2nd largest lender Bank of Baroda to evaluate board performance

"Bank of Baroda has decided to engage a consultancy firm to conduct an independent review of the overall evaluation and effectiveness of the bank's board. The review would provide an opportunity to align and prioritise the board's focus on critical issues," the RFP said.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2VKPvCf

Read more »

RBI remained net buyer of dollars for 3rd consecutive month; bought $825 million

The central bank had turned net buyer of dollar for the first time in fiscal 2019 in December 2018 buying USD 607million.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2UURG9q

Read more »

Bank of Baroda’s merger with Dena Bank, Vijaya Bank likely to complete in two years

As far as capital is concerned, the official said, the government has infused Rs 5,042 crore in the bank taking care of additional expenses and maintaining minimum regulatory capital requirement.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2UUF562

Read more »

India’s 2nd largest lender Bank of Baroda to evaluate board performance

"Bank of Baroda has decided to engage a consultancy firm to conduct an independent review of the overall evaluation and effectiveness of the bank's board. The review would provide an opportunity to align and prioritise the board's focus on critical issues," the RFP said.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2VKPvCf

Read more »

RBI remained net buyer of dollars for 3rd consecutive month; bought $825 million

The central bank had turned net buyer of dollar for the first time in fiscal 2019 in December 2018 buying USD 607million.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2UURG9q

Read more »

Bank of Baroda’s merger with Dena Bank, Vijaya Bank likely to complete in two years

As far as capital is concerned, the official said, the government has infused Rs 5,042 crore in the bank taking care of additional expenses and maintaining minimum regulatory capital requirement.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2UUF562

Read more »

Paytm Money app: Cost-effective and convenient

The platform allows investors to buy and sell direct plans of mutual funds, but it may not be suitable for everyone

from Business Line - Money & Banking http://bit.ly/2Ga20Rq

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Start small with post-office RDs

Inculcate the habit of systematic investment and also get good returns

from Business Line - Money & Banking http://bit.ly/2UgZrBZ

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India’s 2nd largest lender Bank of Baroda to evaluate board performance

"Bank of Baroda has decided to engage a consultancy firm to conduct an independent review of the overall evaluation and effectiveness of the bank's board. The review would provide an opportunity to align and prioritise the board's focus on critical issues," the RFP said.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2VKPvCf

Read more »

RBI remained net buyer of dollars for 3rd consecutive month; bought $825 million

The central bank had turned net buyer of dollar for the first time in fiscal 2019 in December 2018 buying USD 607million.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2UURG9q

Read more »

Bank of Baroda’s merger with Dena Bank, Vijaya Bank likely to complete in two years

As far as capital is concerned, the official said, the government has infused Rs 5,042 crore in the bank taking care of additional expenses and maintaining minimum regulatory capital requirement.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2UUF562

Read more »

India’s 2nd largest lender Bank of Baroda to evaluate board performance

"Bank of Baroda has decided to engage a consultancy firm to conduct an independent review of the overall evaluation and effectiveness of the bank's board. The review would provide an opportunity to align and prioritise the board's focus on critical issues," the RFP said.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2VKPvCf

Read more »

RBI remained net buyer of dollars for 3rd consecutive month; bought $825 million

The central bank had turned net buyer of dollar for the first time in fiscal 2019 in December 2018 buying USD 607million.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2UURG9q

Read more »

Bank of Baroda’s merger with Dena Bank, Vijaya Bank likely to complete in two years

As far as capital is concerned, the official said, the government has infused Rs 5,042 crore in the bank taking care of additional expenses and maintaining minimum regulatory capital requirement.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2UUF562

Read more »

Bank of Baroda expects to complete integration of Dena Bank, Vijaya Bank in two years

Information technology platform integration alone will take about 12 months and other processes and systems may take another year or so, the official said.

from Banking/Finance-Industry-Economic Times http://bit.ly/2IjBLv8

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Bank of Baroda to hire consultancy firm to evaluate board performance

BoB seeks to appoint an advisory firm for 'Review of Board Evaluation', the public sector bank said in a request for proposal (RFP) document.

from Banking/Finance-Industry-Economic Times http://bit.ly/2DentIh

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Independence has served central banks well, says IMF chief Christine Lagarde

US President Donald Trump in particular has attacked the Federal Reserve for raising interest rates last year, demanding that it cut rates and naming political loyalists as potential candidates for vacancy's on the Fed's board.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2KwuRVo

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Independence has served central banks well, says IMF chief Christine Lagarde

US President Donald Trump in particular has attacked the Federal Reserve for raising interest rates last year, demanding that it cut rates and naming political loyalists as potential candidates for vacancy's on the Fed's board.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2KwuRVo

Read more »

Independence has served central banks well, says IMF chief Christine Lagarde

US President Donald Trump in particular has attacked the Federal Reserve for raising interest rates last year, demanding that it cut rates and naming political loyalists as potential candidates for vacancy's on the Fed's board.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2KwuRVo

Read more »

Independence has served central banks well, says IMF chief Christine Lagarde

US President Donald Trump in particular has attacked the Federal Reserve for raising interest rates last year, demanding that it cut rates and naming political loyalists as potential candidates for vacancy's on the Fed's board.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2KwuRVo

Read more »

Independence has served central banks well, says IMF chief Christine Lagarde

US President Donald Trump in particular has attacked the Federal Reserve for raising interest rates last year, demanding that it cut rates and naming political loyalists as potential candidates for vacancy's on the Fed's board.

from The Financial ExpressBanking & Finance – The Financial Express http://bit.ly/2KwuRVo

Read more »