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Finance Ministry issues uniform norms for accountability to protect bonafide decision of bankers

To protect the people taking bonafide business decisions, the finance ministry has issued a uniform staff accountability framework for NPA accounts up to Rs 50 crore. These guidelines shall be implemented with effect from April 1, 2022, for accounts turning non-performing assets (NPAs) beginning next financial year. The Department

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Stressed PMC Bank customers not to get Rs 5 lakh deposit cover in first lot: RBI

Customers of stressed Punjab & Maharashtra Co-Operative Bank (PMC Bank) will not get up to Rs 5 lakh insurance cover in the first lot as the multi-state co-operative bank is under the resolution process. Deposit Insurance and Credit Guarantee Corporation (DICGC) in the first lot will pay customers of

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Here are the 3 big ways Democrats’ social plan would expand health coverage

President Joe Biden on Oct. 29, 2021 in Rome, Italy.Antonio Masiello | Getty Images News | Getty ImagesInsurance subsidiesThe measure would expand subsidies for health insurance in two ways, according to Cynthia Cox, director of the Affordable Care Act program at the Kaiser Family Foundation.(The federal assistance helps reduce

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Gold set to sparkle this ‘Diwali’; drop in price, pent-up demand to drive sales: Jewellers

Mumbai: Finally, gold is set to regain its sparkle this Diwali as jewellers are expecting up to 30 per cent sales growth over the pre-Covid levels on the back of a faster-than-expected economic recovery along with lower prices and pent-up demand. The gems and jewellery industry witnessed a near

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Goldman Sachs is giving hedge fund clients crypto research from data firm The Block

Rafael Henrique | SOPA Images | LightRocket | Getty ImagesGoldman Sachs has begun giving its institutional trading clients research reports from crypto news and data firm The Block.Hedge funds and other clients began receiving the reports on Thursday via the investment bank's Marquee digital platform, according to an email

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