Bank officers' union extends support to 'Bharat Bandh' by farmers on Sep 27
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The All India Bank Officers' Confederation (AlBOC) on Wednesday extended its support to the 'Bharat Bandh' called by Samyukta Kisan Morcha on September 27
Risk-sensitive currencies perked up by upcoming Evergrande bond payment
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Some of the excitement fizzled, however, after traders realised it was still not known whether the developer would be able to pay the coupon on its offshore dollar bonds, due on Thursday.
Rupee slumps 26 paise to close at 73.87 against US dollar
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Foreign institutional investors were net buyers in the capital market on Tuesday as they purchased shares worth Rs 1,041.92 crore, as per exchange data.
Rupee slips 11 paise to 73.72 against US dollar in early trade
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The Indian rupee depreciated 11 paise to 73.72 against the US dollar in opening trade on Wednesday, tracking a strong greenback in the overseas market.
Forex traders said a positive trend in domestic equities and sustained foreign fund inflows supported the
Govt extends Uday Kotak's term as IL&FS non-exec chairman by 6 months
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Kotak, who is also the managing director and chief executive officer of Kotak Mahindra Bank would continue being the non-executive director on the board of IL&FS until April 2, 2022
Rupee recovers 13 paise to close at 73.61 against US dollar on Tuesday
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The rupee on Tuesday rebounded by 13 paise to close at 73.61 (provisional) against the US dollar following a firm trend in domestic equities and losses in the American currency in the overseas market.
Retail depositors earning negative returns; relook taxes on interest: SBI
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If not for all the depositors, the taxation review should be carried out for at least the deposits made by senior citizens who depend on the interest for their daily needs, the SBI economists said
Rupee surges 15 paise to 73.59 against US dollar in early trade
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The Indian rupee appreciated 15 paise to 73.59 against the US dollar in opening trade on Tuesday, tracking the weakness of the American currency in the overseas market.
At the interbank foreign exchange, the rupee opened at 73.74 against the dollar, then edg
Nabard chief stresses on strengthening IT infra of cooperative banks
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Strengthening of IT infra of cooperative banks, enhancement of agriculture term loans and diversification of credit portfolio are important factors to make them sustainable on a long term basis
RBI to conduct open market purchase, sale of G-secs on Thursday
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The Reserve Bank on Monday said it will conduct an open market purchase of government securities aggregating to Rs 15,000 crore under the G-sec Acquisition Programme (G-SAP 2.0) on September 23.
On a review of current liquidity conditions, the central bank a
Sundaram Finance to create awareness on govt schemes like MSME Samadhaan
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Under MSME Samadhaan, a portal for delayed payment has been created for empowering micro and small entrepreneurs across the country to directly register their cases relating to delayed payments
HDFC Bank, Paytm launch Visa-powered credit cards ahead of festive season
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The partnership aims to provide one of the widest range of offerings across customer segments, with special focus on millennials, business owners and merchants
Rupee slumps 26 paise to close at 73.74 against US dollar today
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The Indian rupee fell by 26 paise to close at 73.74 (provisional) against the US dollar on Monday, tracking a strong American currency in the overseas market and muted trend in domestic equities.
PNB earns Rs 170 cr in FY21 as charges for not maintaining min balance: RTI
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Punjab National Bank collected nearly Rs 170 crore by levying charges on customers for not maintaining the required minimum balance in their accounts during 2020-21, according to RTI information.
Bank loan fraud: ED arrests MD of Mumbai-based agro company
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The Enforcement Directorate (ED) on Monday said it has arrested the managing director of a Mumbai-based agro company in a money laundering probe linked to an alleged multi-crore bank fraud.
Rupee falls sharply after Yellen renews call for raising US debt ceiling
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The rupee opened at 73.8250 a dollar, down from its previous close of 73.48. At 10.50 AM, the rupee was at 73.6750, brought down by nationalised banks selling dollars
Kotak Mahindra Bank to acquire 9.98% stake in KFin Tech for Rs 310 cr
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KFin Technologies provides technology solutions across a broad spectrum of asset classes spanning mutual funds, alternative investment funds and pension funds
IDBI Bank strategic sale: Most merchant bankers indicate 52 weeks' time
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Most of the merchant bankers who had submitted bids for facilitating strategic sale of LIC-controlled IDBI Bank indicated a time-frame of one year to complete the elaborate process, sources said
Muthoottu Mini Financiers launches 3 zonal offices for customer experience
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Muthoottu Mini Financiers Ltd, one of the largest NBFC in India, announced launch of three new zonal offices across India to upgrade operational efficiency and to provide better customer experience.
India's forex reserves down by $1.34 billion to $641.113 billion
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After reaching a record high in the previous week, the country's foreign exchange reserves declined by $1.34 billion to $641.113 billion in the week ended September 10, 2021, according to RBI data
PNB cuts rate on home loan above Rs 50 lakh by 0.5 pc; RLLR by 0.25 pc
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A day after SBI and Bank of Baroda announced festival season offer, Punjab National Bank on Friday slashed the interest rate on home loan above Rs 50 lakh by 0.50 per cent to 6.60 per cent
Asian Americans in finance say racism leads to 'bamboo ceiling' in career
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Asians often fall victim to the «model minority myth,» the view that they are diligent workers who have overcome discrimination to gain a solid foothold in the workplace, according to the AAAIM
