Governance, transparency in Indian banks weak by global standards: S&P
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The lack of improvement in risk management and corporate governance in the coming growth cycle could produce a new crop of sour loans, the rating agency said
Understanding provident fund and public provident fund
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Those working in the private sector don't have retirement benefits like pension. The retirement corpus they build over the years is through provident fund (PF). But what are PF and PPF? Let's find out
Rupee plunges by 23 paise, slips below 75 a dollar on Omicron worries
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The rupee on Monday plunged by 23 paise to close at 75.12 (provisional) against the US dollar, as investors turned cautious in view of a new variant of COVID-19.
NBFC fragile assets likely to rise to 5-6% by March 2022: Crisil
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Asset quality pressures vary across asset classes. While home and gold loans have been relatively less affected, unsecured credit and SME loans faced brunt
IndusInd Bank's subsidiary defers review of decision to relieve top 2 execs
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Last week, the bank had said that the two top executives of BFIL cannot be relieved from their positions until the review of certain transactions at the company is completed
Officials hope tough regulations could eventually let NBFCs into banking
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RBI accepted 21 of 33 recommendations of internal working group, the key being allowing promoters to hold 26% in the bank they floated. RBI did not mention corporate and NBFC issues in its guidelines
RBI panel for higher cap on promoter stake in pvt banks at 26% after 15 yrs
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According to the RBI's current norms, a promoter of a private bank needs to pare holdings to 20 per cent within 10 years, and to 15 per cent within 15 years
Rupee plunges by 37 paise against dollar on new Covid-19 variant worries
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The rupee on Friday plunged by 37 paise against the US dollar as investors turned cautious in view of massive selloffs in domestic equities and worries over a new variant of COVID-19.
Bank of Baroda raises Rs 1,997 cr via Basel III-compliant bonds
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State-owned Bank of Baroda on Friday said it has raised Rs 1,997 crore by issuing Basel III-compliant bonds.
The bank had come out with a Rs 2,000 crore issue of additional tier-I bonds on November 24.
«The bank has received total bid amount of Rs 5,3
Most of us must have heard about FDIs and FPIs, and know that they refer to investments from foreign countries. But what exactly are they? We find out in this report
Rupee slips 15 paise to 74.55 against US dollar in early trade
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The Indian rupee depreciated by 15 paise to 74.55 against the US dollar in opening trade on Thursday, as a muted trend in domestic equities and a firm American currency weighed on investor sentiment.
At the interbank foreign exchange, the rupee opened on a w
NITI floats idea of full-stack digital banks, seeks comments by Dec 31
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Government think-tank Niti Aayog on Wednesday proposed setting up of full-stack 'digital banks', which would principally rely on the internet and other proximate channels to offer their services and not physical branches, to mitigate the financial deepening c
RBI puts curbs on Malkapur Urban Co-op Bank; caps withdrawals at Rs 10,000
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The RBI imposed several restrictions, including a Rs 10,000 cap on withdrawals, on Malkapur Urban Co-operative Bank in Maharashtra due to deterioration in its financial position
Indian Overseas Bank, Central Bank of India clarify on privatisation buzz
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The clarification comes a day after Centre's legislative agenda for Winter Session hinted at tabling of Banking Laws (Amendment) Bill 2021 bill for privatisation of two public sector banks
JM Financial floats digital investment platform for corporate bonds
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Aims to create an ecosystem whereby retail investors can easily participate in the securities market that has so far been dominated by institutional investors
Rupee slips 12 paise to 74.54 against US dollar in early trade
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The Indian rupee depreciated by 12 paise to 74.54 against the US dollar in opening trade on Wednesday, tracking stronger American currency in the overseas market.
ICICI Bank aims to grow Exim Trade transaction market share as exports rise
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ICICI Bank has improved its market share in Exim trade transactions this fiscal and aims to grow it further as the exports from the country rise, a senior official said
Citigroup to make 100 roles focused on digital assets including blockchain
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Citigroup is looking to create 100 roles focused on digital assets including blockchain and digital currencies at its institutional division, the U.S. bank said on Tuesday.
