A Complete Banking Guide... Bank of Baroda, Allahabad Bank, Andhra Bank, Bank of India, Bank of Maharashtra, Canara Bank, Central Bank of India, Dena Bank, ICICI Bank, IDBI Bank Limited, Indian Bank, Indian Overseas Bank,, Oriental Bank of Commerce, Punjab & Sind Bank, Punjab National Bank, State Bank of India, UCO Bank, UTI Bank Ltd., Union Bank of India, United Bank Of India, Vijaya Bank, Yes Bank, Mutual Funds, Income Tax
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Canara Bank has classified accounts belonging to Reliance Communications and Reliance Telecom as "fraudulent." RCom, currently undergoing insolvency proceedings, stated that this classification is not expected to impact the company's resolution process, citing legal protections under the Insolvency and Bankruptcy Code.
6:10 PM
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A new report by Deutsche Bank has revealed that India's equity markets have surpassed China's since 2000, delivering one of the highest real equity returns globally. While both India and the US are trading near record-high CAPE ratios, the report suggests their strong growth outlooks and potential, particularly in technology and AI, could justify these valuations.
8:10 AM
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6:10 PM
Blogger
India's foreign exchange reserves have dipped to $675.65 billion, a decrease of $6.4 billion, as announced by the Reserve Bank of India. Despite this recent decline, India maintains its position as the fourth largest holder of foreign exchange reserves globally, trailing behind China, Japan, and Switzerland.
8:10 AM
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State Bank of India is seeking a $1.25 billion loan, potentially the largest from an Indian financial institution this year. The five-year loan, coordinated by international banks, will be used for general corporate purposes.
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