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Monday, September 18, 2023

SBI introduces digital opening of NRE/NRO account setup through YONO

This service is designed for NTB or 'new to bank' customers, providing them with ease and efficiency in the account opening process, SBI said in a statement on Monday. This initiative fulfils a long-standing demand from NRI customers for a hassle-free way to open and manage their accounts in India, it said.

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Japan's yen in spotlight ahead of 'live' BOJ meeting

The US dollar and most major currencies were flatlining in early trades on Monday, barring a blip in sterling, as a Japanese holiday and a bunch of upcoming central bank meetings sucked the air out of markets.

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Sunday, September 17, 2023

Bank of Montreal to close retail auto finance business, flags job losses



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Canadian lender BMO to wind down retail auto finance business

Canada's third-largest bank, the Bank of Montreal (BMO), announced on Saturday its decision to phase out its retail auto finance division and redirect its attention toward other sectors. This strategic shift will unfortunately entail an undisclosed number of job reductions.

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9 of top-10 most valued firms together add Rs 1.80L cr in mcap; TCS biggest winner

The market valuation of TCS jumped Rs 57,300.75 crore to Rs 13,17,203.61 crore. HDFC Bank added Rs 28,974.82 crore taking its market capitalisation (mcap) to Rs 12,58,989.87 crore. The mcap of Bharti Airtel rallied Rs 28,354.73 crore to Rs 5,23,723.56 crore and that of Infosys zoomed Rs 17,680.53 crore to Rs 6,27,637.87 crore. Hindustan Unilever Limited was the only laggard from the top-10 pack.

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