Banks
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SBI cuts home loan interest rate to 9.45 %
Apr 07, 2016, 11:42 PM ISTNew Delhi: State Bank of India has lowered its lending rate for home loans to 9.45 per cent and further to 9.4 per cent for women customers following implementation of a new interest rate calculation
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RBI asks banks to remain open full day on March 30, 31
Mar 18, 2016, 02:35 PM ISTMumbai: The Reserve Bank of India (RBI) has asked banks to keep their branches, which conduct government business, open for full day on March 30 and till 8 pm on March 31 to facilitate the
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Hackers spelling error prevented Rs 6000 cr bank heist; still got away with Rs 537 cr
Life | Mar 11, 2016, 06:50 PM ISTNew Delhi: Cyber criminals allegedly hacked the Bangladesh Central Bank's computer system and stole Rs 537 crores ($80 million), amounting to one of the biggest bank thefts of all times. Though, a bigger heist of
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Tata Mutual Fund plans scheme on 'Make in India', 'Digital India' drive
Sep 17, 2015, 06:55 PM ISTNew Delhi: Taking a cue from Prime Minister Narendra Modi's ambitious 'Make in India' and 'Digital India' programmes, Tata Mutual Fund plans to launch two new schemes based on these initiatives.Besides, Tata MF plans to
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Strike affects clearing business at banks
Sep 02, 2015, 06:18 PM ISTNew Delhi: Normal working at banks was affected today due to a nationwide strike called by 10 central trade unions, although the staff of SBI, IOB, ICICI Bank, HDFC Bank and Axis Bank stayed away
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Public banks' NPAs up at Rs 2.67 lakh crore in FY 2015: Jayant Sinha
Jul 21, 2015, 09:50 PM ISTNew Delhi: Bad loans at public sector banks have increased to Rs 2.67 lakh crore at the end of March 2015 from Rs 2.16 lakh crore a year ago, minister of state for finance Jayant
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Greek banks re-open after three weeks
Jul 20, 2015, 02:39 PM ISTAthens: Banks in Greece re-opened on Monday after three weeks of closure sparked by the deadlock over the country's debt, a media report said.People will be now able to withdraw up to 420 euros (about
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Greek banks to reopen Monday but cash restrictions remain
World | Jul 19, 2015, 05:51 PM ISTAthens, Greece: Greek banks are reopening Monday after a forced 3-week closure but restrictions on cash withdrawals will remain.In a decree Saturday, the Greek government kept the daily cash withdrawal limit at 60 euros ($65)
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Govt has not decided on recapitalisation figures for banks: Arun Jaitley
Jun 23, 2015, 01:35 PM ISTStanford (California): Praising the positive role being played by public sector banks, Finance Minister Arun Jaitley today said the government has not yet decided on the exact recapitalisation figures for them. “I have not decided
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Selection of chief executives at 5 state-run banks from today
Jun 15, 2015, 09:54 AM ISTNew Delhi: As many as 26 shortlisted candidates, including executives from private sector banks, are to appear for interviews here for two days from Monday, for the posts of chief executive and managing director at
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Greater interest rate cuts by banks in offing: Arun Jaitley
Jun 12, 2015, 11:00 PM ISTNew Delhi: Public sector banks today gave an assurance that they will make “greater” cuts in interest rates in the coming days and weeks, Finance Minister Arun Jaitley said.He disclosed this after a meeting with
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Banks fined $2.5 billion, to plead guilty to market rigging
World | May 20, 2015, 09:50 PM ISTWashington: Four big banks will pay $2.5 billion in fines and plead guilty to criminally manipulating global currency market going back to 2007.JPMorgan Chase, Citigroup, Barclays and The Royal Bank of Scotland conspired with one
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Delhi govt asks banks to engage only licensed pvt security agencies
India | Mar 22, 2015, 10:18 AM ISTNew Delhi: To ensure that banks and ATMs in the city have foolproof security, the Delhi government has asked them to hire the services of only licensed private security agencies.The government has also directed private
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International hacking ring steal up to $1 billion from banks
Feb 16, 2015, 06:56 AM ISTNew York: A report from a cybersecurity firm says an international hacking ring has stolen up to $1 billion from banks around the globe in what would be one of the biggest banking breaches known.The
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RBI permits banks to act as insurance brokers
Jan 16, 2015, 10:43 AM ISTMumbai: Seeking to increase insurance penetration in the country, the Reserve Bank on Thursday allowed banks to act as brokers for insurers, set up their own subsidiaries and also undertake referral services for multiple companies.“Banks
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Banks start cutting lending rates following RBI's move
Jan 15, 2015, 07:23 PM ISTNew Delhi: Within hours of rate cut announced by RBI, United Bank has reduced the benchmark lending rate by 0.25 percent, while other banks including market leader SBI have indicated that they would follow suit.EMIs
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RBI cuts interest rates: Here's how they affect you
Jan 15, 2015, 07:20 PM ISTNew Delhi: The Reserve Bank of India today slashed repo rates, the level at which it lends to commercial banks, by 25 basis points to 7.75 per cent with immediate effect. While it will certainly
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Arun Jaitley promises more autonomy to PSU banks
Jan 03, 2015, 03:45 PM ISTNew Delhi: India needs to "conceive" several reforms in the banking sector, Finance Minister Arun Jaitley told reporters on Saturday on the sidelines of a two-day banking retreat.Jaitley added that there is a need to
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Banks chase borrowers big time in 2014, but to recover loans
Dec 30, 2014, 02:01 PM ISTNew Delhi: Burdened with rising bad loans, mostly given to big corporates, banks learnt it hard way in 2014 that 'if you owe the bank 100 dollars that's your problem, but if you owe the
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Come with proof, not for fishing expedition: Switzerland to India on black money case
India | Dec 07, 2014, 01:59 PM ISTMumbai: As India continues its pursuit of black money allegedly stashed abroad, Switzerland has said it would not entertain any ‘fishing expedition' and authorities cannot ask for names of all Indian account holders in Swiss