Wednesday, October 27, 2021

Stabilising Ujjivan Small Finance Bank first priority for new management, other future plans on slow lane

The future strategy of detailed in the annual report has just turned irrelevant. While the bank had listed a slew of digital-centric innovations to increase product suite and improve customer outreach in its latest annual report signed by outgoing chief executive Nitin Chugh, the new management has put stability

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LIC, EPFO make no headway in efforts to sell Reliance Capital papers

Some international distressed asset investors are keen to buy bonds of the bankrupt , but bureaucracy and fear of unwarranted investigations seem to be holding the trades back, market insiders told ET. Life Insurance Corporation of India (LIC) and Employees’ Provident Fund Organisation (EPFO), which own Reliance Capital bonds

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FM Sitharaman says many PSBs have come back to normalcy now

Finance Minister Nirmala Sitharaman on Sunday said that the banking sector, especially public sector banks were in a better position now, while inaugurating Tamilnad Mercantile Bank (TMB)’s Centenary celebrations in Thoothukudi. "Today, the sector is stable after continuous prompt steps that the Government has taken. Many banks in the public

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Banks should embrace digitisation to ensure govt schemes reach needy: Nirmala Sitharaman

Finance Minister Nirmala Sitharaman on Sunday said banks, including private sector should embrace digitisation towards ensuring that government schemes reach the poor and downtrodden, besides adopting financial inclusion for a wider reach. Delivering her address at the centenary celebrations of the city-based Tamilnad Mercantile Bank here, Sitharaman said even

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