Banks
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ATMs to dispense Rs 50 notes from November 11, says RBI
Nov 10, 2016, 06:04 PM ISTIn a move that should come as a relief to people left scrambling following the government’s decision to scrap high-denomination notes of Rs 500 and Rs 1000, starting November 11, ATMs in the country will
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9th November News in Nutshell: Important stories of the day
India | Nov 09, 2016, 07:13 PM ISTImportant stories of the day
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Banks to remain open this weekend to tackle rush after ban on Rs 500, Rs 1000 notes
Nov 09, 2016, 07:00 PM ISTBanks in the country will remain open for public transactions on Saturday and Sunday, the RBI said today.
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Here are the salient features of new Rs 500, Rs 2000 notes
Nov 09, 2016, 06:24 PM ISTA day after scrapping Rs 500 and Rs 1,000 currency notes, the government today announced that the new hard-to-fake Rs 500 and Rs 2,000 currency notes will be available at bank ATMs when they start
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After burning down govt schools, Lashkar-e-Taiba’s new target in Kashmir are banks
India | Oct 28, 2016, 11:21 AM ISTAfter burning down at least 20 schools in the Valley in the past three-and-a-half months, the Lashkar-e-Taiba has now threatened banks in Kashmir.
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‘Use bank’s own ATM network as pro-active measure’: SBI’s advice for its customers
Oct 21, 2016, 05:14 PM ISTAfter the security breach of around six lakh debit cards, the nation's largest lender State Bank of India (SBI) has advised its customers to make use of the bank’s own ATM network instead of other
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Leading banks recall 32 lakh debit cards over security breach; govt says ‘they are safe’
Oct 20, 2016, 11:54 PM ISTIn biggest ever security breach of over 32 lakh debit cards of various banks, several banks have recalled a large number of cards while others such as, HDFC Bank, have urged customers to change their
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No need to panic, debit cards are safe, says Finance Ministry
Oct 20, 2016, 10:05 PM ISTIn the midst of fear due to security breach of over 32 lakh debit cards of various banks, Finance Ministry on Thursday sought to calm people down by saying that they constitute only a small
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SBI’s bond issuance to set pricing benchmark for other Indian banks: Moody’s
Sep 14, 2016, 10:01 AM ISTCredit rating agency Moody's Investors Service on Wednesday said the State Bank of India's (SBI) issuance of additional tier 1 (AT1), Basel III compliance securities would set the pricing benchmark for other issuers.
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Fear of CBI, CVC ‘bizarre’: Panel asks banks to use wisdom while funding
Aug 15, 2016, 04:03 PM ISTA Parliamentary panel has asked lenders to take decision on financing of stressed assets as per their “own wisdom” and on the basis of the project’s viability, after it found the banks working under the
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Banks roll out voice recognition to facilitate authentication process for phone banking
Jul 28, 2016, 02:12 PM ISTA new measure introduced by some private banks makes the process of authentication adopted for phone banking much easier for users. In what will come as a major relief for users who frequently use phone
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Govt pumps Rs 23K crore lifeline into 13 public sector banks for FY17
Jul 19, 2016, 04:55 PM ISTNew Delhi: The Ministry of Finance today allocated Rs 22,915 crore capital to as many as thirteen public sector banks including SBI, PNB and IOB to give a boost to their lending operations and ensure
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RBI directs banks to exchange upto 20 soiled currency notes free of charge
Jul 15, 2016, 06:11 PM ISTMumbai: In an effort to provide better services to customers, the Reserve Bank of India today asked banks to swap up to 20 pieces of soiled currency notes with a maximum value of Rs 5,000
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Arun Jaitley bats for lower interest rates on deposits
Jul 09, 2016, 08:42 PM ISTNew Delhi: Finance Minister Arun Jaitley has questioned the high interest rate regime for domestic savings, especially when the propensity to park funds in banks is high in India and the corporate sector constantly complains
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SBI named in 'Hall of Shame' list of banks funding cluster bomb makers
Jun 19, 2016, 08:42 PM ISTNew Delhi: State-run banking behemoth State Bank of India (SBI) has been given a spot in a 'Hall of Shame' list of 158 banking and financial institutions globally that have invested heavily in companies making
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Arun Jaitley promises greater capital support to lenders, says defaulters won't be able to sleep well
Jun 05, 2016, 04:30 PM ISTOsaka: As ten state-run banks have been swept by a wave of loss in the March quarter, Finance Minister Arun Jaitley vowed to provide greater capital support to lenders while warning that defaulters will not
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India to have 8-10 competitive public sector banks: Jayant Sinha
National | May 27, 2016, 11:34 PM ISTIndia will have 8-10 very competitive public sector banks once the "dust settles" and the consolidation phase ends, Union Minister Jayant Sinha said on Friday.
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Top 50 defaulters owe up to Rs 1.2 lakh crore to state-run banks
May 03, 2016, 10:20 PM ISTNew Delhi: The top 50 defaulters of public sector banks (PSBs) had exposure in excess of Rs 1.21 lakh crore as on December 2015, parliament was told today. "The total exposure of top 50
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Vijay Mallya not cooperating with probe, banks tell Supreme Court
Apr 25, 2016, 09:58 PM ISTNew Delhi: The consortium of banks on Monday alleged in the Supreme Court that Vijay Mallya, who has been in United Kingdom, is not cooperating in the investigation of cases lodged against him and was
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All defaults are not wilful, neither all lending corrupt: Vinod Rai
Apr 21, 2016, 10:08 AM ISTPune: Former Comptroller and Auditor General of India and Banks Board Bureau chairman Vinod Rai on Wednesday said not all loan defaults are willful and not all lenders are corrupt as he stressed that ongoing