Banks
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Banks yet to restrict free ATM transactions in metros
Nov 02, 2014, 05:19 PM ISTNew Delhi: Even as RBI allowed banks to charge ATM transcations beyond five in metros, the lenders are yet to restrict the number of free withdrawals for their own customers at home automated teller machines.Leading
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NBFCs to work as business correspondents for Banks: RBI
Jun 24, 2014, 09:49 PM ISTNew Delhi: The Reserve Bank of India today permitted non-banking finance companies to act as business correspondents (BCs) of banks, allowing them to offer limited services with the aim of spreading financial inclusion."It has been
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Pre-Budget meeting with banks, financial institutions on June 10
Jun 26, 2014, 07:12 PM ISTNew Delhi: Amidst concerns over rising bad loans, Finance Minister Arun Jaitley will hold pre-budget consultations with heads of banks and financial institutions on June 10 to deal with the situation.The meeting with CMDs and
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Extended Basel III deadline to ease pressure on banks: India Ratings
Mar 28, 2014, 04:34 PM ISTKolkata: India Ratings on Friday said that deferment of Basel III by the Reserve Bank of India (RBI) till March 2019 would ease pressure on banks. “The Reserve Bank of India's (RBI) deferral of the Basel
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Banks, income tax offices to remain open from March 29 to 31
Mar 28, 2014, 09:16 AM ISTNew Delhi: All major banks dealing with Income Tax payers and Income Tax offices snall remain open from March 29, Saturday til March 31 to facilitate payment of taxes at the end of the financial
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Markets having cracker of a time; Nifty hits 6,300, banks lead
Oct 31, 2013, 09:41 PM ISTMumbai: Pre-Diwali fireworks continued unabated in the stock market as robust buying amid growing confidence about economic recovery propelled the benchmark index Nifty to its highest level in three years on the National Stock Exchange
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Banks set for tepid earnings season: Analysts
Oct 06, 2013, 03:45 PM ISTMumbai: Weak economic environment, rising non-performing assets and higher cost of funds will keep margins of banks under stress in the second quarter, say analysts.“Broadly, all banks are going to see pressure in the second
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Banks to pay for fraud on transactions made by card
Sep 30, 2013, 10:40 AM ISTNew Delhi: In a notification, the Reserve Bank of India (RBI) has said that from October, banks should bear the full cost of fraudulent transactions happening at point of sales terminals that don't comply with
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Banks could mobilise up to $10 billion from abroad: Experts
Sep 05, 2013, 04:26 PM ISTNew Delhi: The Reserve Bank's move to allow a special window to swap foreign currency non-resident (FCNR) dollar funds for boosting foreign fund inflows is likely to fetch around $10 billion, say experts.The newly-appointed Governor
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Banks ban loans for borrowers if gold on mind
Sep 02, 2013, 10:14 AM ISTNew Delhi: With a view to curb appetite for gold, banks are sanctioning advances, including personal loans, only if borrowers agree not to use the proceeds to buy the metal beyond permitted levels.Banks have placed
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Banks approving loans on condition borrowers don't buy gold
Sep 01, 2013, 04:41 PM ISTNew Delhi: With a view to curb appetite for gold, banks are sanctioning advances, including personal loans, only if borrowers agree not to use the proceeds to buy the metal beyond permitted levels.Banks have placed
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TRAI threatens action against operators, banks on pesky calls
India | Aug 22, 2013, 06:33 PM ISTNew Delhi: Coming down heavily on pesky callers, telecom regulator Trai today said phone connections of banks, insurance firms and realty players will be disconnected if rules of unwanted calls and messages are flouted by
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Banks to 'name and shame' guarantors for loan defaulters
Jul 09, 2013, 03:07 PM ISTNew Delhi, July 9: Tightening their noose on loan defaulters, banks have decided to 'name and shame' the guarantors of such borrowers as well by publishing their photographs and other details in newspapers and at
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FM asks banks to discourage customers from buying gold
India | Jun 07, 2013, 08:15 AM ISTMumbai, Jun 7 : Worried over surge in gold imports, Finance Minister P Chidambaram Thursday said RBI has already advised banks against selling gold coins and banks on their part should dissuade customers from buying
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Cobrapost expose: 23 banks, 4 insurance companies figure in money laundering, Finance Ministry orders action
May 06, 2013, 09:09 PM ISTNew Delhi, May 6 : An investigative website Cobrapost Monday alleged that at least 23 top public and private banks and insurance companies have been doing large-scale money laundering. Several of the firms named denied
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Banks to own 19 pc of Suzlon by Apr, 32 pc by Sept 2014
Mar 09, 2013, 06:19 PM ISTMumbai, Mar 9: Debt-laden wind turbine maker Suzlon today said its board has agreed to allot over 78 crore fresh shares, constituting about 32 per cent of equity, worth about Rs 1,451 crore to banks
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Switzerland mulls new bill to check black money flow to banks
India | Dec 16, 2012, 02:48 PM ISTNew Delhi/Berne, Dec 16: Often accused of providing safe havens to black money from India and other countries, Switzerland has proposed a new bill to prevent its banks and other institutions from accepting "untaxed assets"
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Banks say no word from Kingfisher even as deadline ends
Nov 30, 2012, 06:52 PM ISTNew Delhi, Nov 30: Lenders to Kingfisher Airlines said they are yet to hear from the grounded airline even as the deadline set by the bankers to bring in fresh equity of $1 billion ended
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RBI Tighten Bank Lending Norms For Gold Finance Cos
Apr 17, 2012, 08:34 PM ISTMumbai, Apr 17: Concerned over spurt in gold imports, RBI today asked banks to reduce exposure to NBFCs giving loan against the precious metal and has set up a working group to suggest ways to
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Home Loan Rates Cut Only For New Borrowers
Apr 02, 2012, 08:26 AM ISTNew Delhi, April 2 : Banks are offering reduced home loan rates only for new borrowers, and this is not being applied in the cases of existing borrowers. On Sunday, Canara Bank slashed home loan