banking and financial services

Attention account holders! RBI cancels licence of THIS bank — thi...

Fri, Nov 11, 2022

 Babaji Date Mahila Sahakari Bank's licence stands cancelled with immediate effect from the close of business on Friday (November 11, 2022)

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Moratorium on Yes Bank credit negative, affects timely repayment...

Fri, Mar 06, 2020

RBI has imposed a moratorium on the capital-starved Yes Bank, capping withdrawals at Rs 50,000 per account and superseded the board of the private sector lender with immediate effect

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Yes Bank account holder? ALERT! Cash withdrawal amount capped at...

Fri, Mar 06, 2020

Yes bank account holders will not be able to withdraw more Rs 50,000 from their deposits, this amount is to be stretched over a month.

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ICICI Bank sees March quarter margin settling at 3.5%

Sun, Feb 04, 2018

In the December quarter performance announced last week, the bank had reported a domestic NIM of 3.53 per cent. 

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UCO Bank to raise Rs 1,375 cr from govt via preferential shares

Wed, Jan 03, 2018

This capital infusion is a part of public sector banks' recapitalisation programme

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Rural demand to help Mahindra Financial Services stay in growth t...

Mon, Dec 25, 2017

Motilal Oswal, which has buy call for this stock, said that credit costs are expected to decline by 100 basis points (bps) over the medium term from 3% in FY17.

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HDFC plans to raise up to Rs 13,000 crore via QIP

Tue, Dec 19, 2017

According to the company, the decision was taken by its board of directors to participate in the preferential issue of HDFC Bank and to explore other growth opportunities.  

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HDFC Life looks to raise exposure to infrastructure stocks

Fri, Nov 24, 2017

HDFC Life, a joint venture between Indian mortgage lender Housing Development Finance Corp and Standard Life Aberdeen Plc, went public earlier this month after a $1.34 billion IPO.  

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HDFC Standard Life to list on bourses tomorrow

Thu, Nov 16, 2017

HDFC Standard Life Insurance Company, which has recently concluded its Rs 8,695-crore initial public offering, will make debut on stock exchanges tomorrow.

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Induslnd bank clears deal for merger with Bharat Financial Inclus...

Sat, Oct 14, 2017

The merger between Bharat Financial Inclusion and IndusInd bank has been given a big push today further sealing the deal to merge the two entities.  

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Citi, Deutsche Bank, HSBC agree to pay $132 million to settle Lib...

Fri, Oct 13, 2017

Key highlights:

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These rules of SBI will change from October 1

Sat, Sep 30, 2017

India's biggest bank SBI has changed some of its rule to give some benefit to its customers. These changed rules will come in effect from October 1. Watch to know these rules.

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Banking sector mutual funds outshine markets over the past one mo...

Tue, Aug 08, 2017

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Sales jobs witness ‘steepest’ demand while e-commerce recruitment...

Fri, Aug 04, 2017

E-recruitment activity was the highest in the month of July with sales jobs seeing high demand and home appliances sector registering highest growth YoY.  

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State Bank of India's revised service charges effective from...

Thu, Jun 01, 2017

SBI introduces service charges right from cash withdrawal from ATMs to usage of solid or imperfect notes. State Bank Buddy customers to now Rs 25 on every cash withdrawal from ATMs. 

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ICICI Bank launches ''Money2India''; Here are...

Mon, May 29, 2017

ICICI Bank launched online money transfer service called ''Money2India'' for its NRIs customers.  

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RBI invites applications for deputy governor post as SS Mundra te...

Thu, May 25, 2017

The Reserve Bank of India has started hiring for the post of deputy governor and the central bank has released a public notice stating the qualifications of the applicants. 

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How to operate your new Paytm Payments bank account; all you need...

Tue, May 23, 2017

Paytm Payments bank launched today will have zero balance accounts with no minimum charge. The accounts will offer 4% interest rates on deposits. Zeebiz tells you how it works.

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Paytm Payments Bank vs Airtel Payments Bank vs India Post Payment...

Tue, May 23, 2017

Paytm Payments Bank that will begin operations today will offer 4% interests on deposits. All deposits will be held in government bonds however the company said it was equipped to offer loans as well unlike other payments banks.

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Home loans rate cut: Banks offer 'best' home loans rate...

Wed, May 17, 2017

Since last week, the banks have been reducing home loan rates to give a push to Prime Minister Narendra Modi's vision "Affordable Housing to all by 2022".

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Cheaper interest rates fail to spur home loans demand

Mon, Mar 20, 2017

In the first week of January, State Bank of India (SBI) took the lead by making 90 basis point revision in home loan rates. It was soon followed by other public and private banks where rate cuts in the range of 10 basis points to 90 basis points were undertaken.

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Over 1 lakh SB accounts opened in TN: Airtel Payments Bank

Mon, Mar 13, 2017

"We are delighted to have taken formal banking services to these remote rural pockets of Tamil Nadu. We are fully committed to the vision of Digital India and financial inclusion," MD and CEO of Airtel Payments Bank, Shashi Arora said.

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