Indian rupee posts biggest monthly fall in 15 months amid high crude prices
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Traders said month-end demand for dollars from oil importers was one of the main factors driving the unit lower, while weak local equities also hurt sentiment
Axis Bank sees 10-times growth in daily volumes in online shopping fest
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Even as policy makers grapple with ways to revive demand, an online sale fest launched by Axis Bank offering 15 per cent discounts is witnessing a 10-times surge in daily volumes
Rupee depreciates 5 paise to 74.28 against US dollar in early trade
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The Indian rupee depreciated 5 paise to 74.28 against the US dollar in opening trade on Wednesday as firm American currency and rising crude oil prices weighed on investor sentiment.
At the interbank foreign exchange, the rupee opened at 74.23 against the do
Banks so far lent 90% of Rs 3 trn under emergency credit scheme: Report
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Banks have so far lent 90 per cent of the Rs 3 lakh crore under emergency credit line guarantee scheme announced last year to help small businesses tide over the pandemic
Half of India's working population of 400 mn people credit active: Report
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Credit institutions are fast approaching a saturation level in new customers as over half of the borrowers are from the existing customer base of a bank: report
A $27 billion pile of stressed debt looms over India's new bad bank
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The new institution, which is set to start operations by end of June, is likely to handle stressed debt worth $27 billionover time, which would be about a quarter of non-performing debt load
Moneyboxx Finance aims to triple loan disbursal to Rs 180 cr in FY22
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NBFC firm Moneyboxx Finance Ltd, which provides small-ticket loans in tier-2 and tier-3 cities, said it aims to triple loan disbursement to Rs 180 crore during 2021-22 by expanding its operations.
Panel meets to thrash out regulatory issues, speed up bank privatisation
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A high-level panel headed by the cabinet secretary recently held a meeting to cut regulatory and administrative issues so that the proposal could be placed with the group of ministers on disinvestment
Cabinet secy-led panel holds crucial meeting on bank privatisation
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A high-level panel headed by the cabinet secretary recently held a meeting to cut regulatory and administrative issues so that the proposal could be placed with the group of ministers on disinvestment
Longer wait for depositors as RBI extends curbs on PMC Bank till Dec 31
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There was considerable buzz among depositors after RBI gave in-principle nod to Centrum Financial Services and BharatPe to set up an SFB in lieu of a restoration scheme of PMC Bank
Rupee opens on flat note, inches 4 paise higher to 74.14 against dollar
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The Indian rupee started on a flat note this Friday against the greenback and inched 4 paise higher to 74.14 against the US dollar in early trade tracking a muted trend in the domestic equity market.
At the interbank foreign exchange, the domestic unit opene
Regulatory wrinkles should be ironed out to give HFCs a better deal: Parekh
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Parekh said his personal view was that Regulation and supervision are critical functions in any financial system and it is important that trust between a regulator and regulatee is never compromised.
Have redoubled efforts to fix problem of tech outages: HDFC Bank CEO
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Irked by repeated outages that the bank faced, RBI had barred it from issuing new credit cards last December and stopped it from going ahead with new digital launches
ED attached assets more than money due to banks: Mehul Choksi's lawyer
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Vijay Mallya, Nirav Modi, and Mehul Choksi had allegedly defrauded various PSBs by siphoning off the funds through their companies, resulting in a total loss of Rs. 22,585.83 crore to the banks.
'Money is being thrown' at them but millennials don't want to be bankers
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For those who want to stay in finance, non-bank financial institutions, growth equity firms and other, smaller financial-services businesses have become better options.
Rupee surges 12 paise to Rs 74.25 against US dollar in early trade
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The Indian rupee strengthened by 12 paise to 74.25 against the US dollar in early trade on Wednesday even as the domestic equity market was trading with significant losses
