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  HDFC Bank-HDFC merger in effect from July 1, to become one of world's most valuable banks

  Business | June 30, 2023 11:31 IST

  The upcoming merger will also not affect customers availing fixed deposits (FDs) and customers will not have to pay interests after their FD matures. Furthermore, customers can also avail the facility to withdraw money after their FDs reach maturity.

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  Another US bank fails, set to be acquired by THIS group

  Business | May 01, 2023 16:25 IST

  The 72-branch bank has made much of its money-making low-cost loans to the wealthy, which reportedly included Meta Platforms CEO Mark Zuckerberg.

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  RBI to stop banks from capitalising penal charges on bank loans defaults

  Business | April 13, 2023 12:35 IST

  Reserve Bank of India (RBI) issued preliminary regulations proposing to prohibit the capitalisation of penal charges and additional interest levied by banks on customers for loan defaults, in an effort to standardise different lending practises.

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  Reliance, Jio secure a record $5 billion syndicated loan from international banks

  Business | April 05, 2023 17:24 IST

  Reliance Industries and Jio Infocomm have recently secured $5 billion in syndicated loans. The two businesses will each receive a $2 billion add-on loan, which is anticipated to be completed by the end of April.

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  Date for linking PAN-Aadhaar extended: Check new date

  March 28, 2023 16:07 IST

  The Income Tax department on Tuesday informed that the date for linking PAN and Aadhaar has been extended to June 30, 2023.

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  Good News for SBV customers! First Citizens to acquire troubled Silicon Valley Bank

  Business | March 27, 2023 17:11 IST

  Customers of SVB will automatically become customers of First Citizens, which is headquartered in Raleigh.

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  USA's Silicon Valley Bank officially files for bankruptcy | Who will be impacted?

  Business | March 17, 2023 19:00 IST

  SVB Financial Group, along with its CEO and its chief financial officer, were targeted this week in a class action lawsuit that claims the company didn't disclose the risks that future interest rate increases would have on its business.

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  Silicon Valley Bank's fall causes shockwaves across world; will it impact Indian startup ecosystem?

  Business | March 12, 2023 12:35 IST

  Silicon Valley Bank collapse: Silicon Valley Bank was badly affected by the Federal Reserve's aggressive plan to raise interest rates to combat inflation along with the decline in technology stocks over the past year.

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  Banks likely to be closed every Saturday; IBA mulling over five-day work week for bank employees

  Business | March 13, 2023 17:31 IST

  Bank Holidays: Indian Banks Association (IBA) is reviewing a proposal for a five-day work week, which would include Saturdays. This proposal, submitted by bank unions, could lead to an increase in bank holidays across the year.

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  RBI puts 6 months withdrawal restrictions on five bank co-operative banks - Details

  India | February 25, 2023 18:45 IST

  Customers of HCBL Co-operative Bank, Lucknow; Adarsh Mahila Nagari Sahakari Bank Maryadit, Aurangabad; and Shimsha Sahakara Bank Niyamitha, Maddur, Mandya District in Karnataka cannot withdraw funds from their accounts due to their current liquidity position.

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  RBI issues draft guidelines for minimum capital requirements for market risk

  Business | February 19, 2023 1:00 IST

  India's central bank, the Reserve Bank of India (RBI), has released draft guidelines for minimum capital requirements for market risk in a move to align banking regulations with Basel III standards.

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  Vodafone Idea in talks with Indian banks, lenders to refinance loans worth Rs 3,000-4,000 crore

  Business | February 13, 2023 15:51 IST

  Vodafone Idea is currently engaged in discussions with banks to refinance loans worth Rs 3,000–4,000 crore. This will allow Vodafone Idea to pay loans to Indus Towers, Nokia, and Ericsson more quickly.

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  Banks raise record Rs 91,500 crore in debt capital in FY23 so far: Report

  Business | January 09, 2023 18:50 IST

  Gross bond issuances by banks is estimated to reach Rs 1.3-1. 4 lakh crore this fiscal as debt sales have already hit record high of Rs 0.915 lakh crore, surpassing the previous high of Rs 0.8 lakh crore in FY17, Icra Ratings said.

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  76% Indians prefer to make payments through UPI: Know-why

  Technology | November 01, 2022 12:24 IST

  As per the data by the National Payments Corporation of India (NPCI), the volume of transactions rose 85 per cent and value 67.85 per cent year-on-year (YoY). Around 72 per cent of those surveyed said they now consider discounts and offers as the major driver of their buying behaviour.

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  PM Modi inaugurates 75 'digital banking units' across 75 districts

  India | October 16, 2022 12:18 IST

  Digital banking units inauguration: As part of Union budget 2022-23, Finance Minister Nirmala Sitharaman had announced the setting up of the 75 DBUs in as many districts of the country to commemorate 75 years of India's Independence.

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  Maharashtra's Laxmi Co-operative Bank license cancelled, depositers can claim up to THIS much amount

  Business | September 23, 2022 16:31 IST

  Maharashtra's Laxmi Co-operative Bank will cease to carry on banking business, with effect from the close of business on September 22, 2022, a statement from RBI said.

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  Bank robbed at gunpoint in Jamshedpur, robbers posed as officers of investigating agency

  Crime | August 18, 2022 14:17 IST

  The accused escaped with lakhs of rupees after locking the bank from outside, police said.

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  Bank Holidays August 2022: Banks to remain shut for 18 days; Check dates

  India | August 03, 2022 12:01 IST

  According to the list, the banks will not be open for a total of 12 days in August 2022. With weekend leaves included, the total number of bank holidays ends up reaching 18 days.

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  ICICI Bank raises lending rate by 15 bps

  Business | August 01, 2022 14:59 IST

  The rate hike comes ahead of the RBI's Monetary Policy Committee (MPC) meeting later this week. It is widely expected that the MPC would hike interest rates to tame high inflation.

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  Here’s how merchants can avail instant business loans from Paytm

  Technology | March 12, 2022 8:15 IST

  In Q3 FY22, merchant Loans disbursed through Paytm grew 38% Y-o-Y, while the value of Merchant Loans grew 128% Y-o-Y.