Wednesday, September 22, 2021
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Lenders hire specialist agencies to analyse default probability of borrowers

Risk-averse lenders wary of large exposures in the post-Covid era are hiring consultants and specialist agencies to analyse the default potential of all proposals in excess of Rs 500 crore. Lenders want to ensure that they have a clear perspective of the borrower’s future default risks and cash flow situation

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Banks Board Bureau invites applications for post of Deputy MD in Exim Bank

The Banks Board Bureau (BBB) has invited applications for the position of Deputy Managing Director of Exim Bank of India (Exim Bank). The Bureau invites applications from qualified candidates for the post of Deputy Managing Director (DMD) of Exim Bank on a full-time basis, BBB said in an advertisement.

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Retail depositors earning negative returns; relook taxation on interest: SBI economists

Retail depositors are earning negative returns on their bank deposits and hence, there is a need for reviewing taxes on interest earned, economists at the country's largest lender SBI have said. If not for all the depositors, the taxation review should be carried out for at least the deposits

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HDFC launches festive offer; home loan at 6.7 pc

Country's biggest mortgage lender HDFC on Tuesday announced a festive offer in line with peers like SBI with home loans starting from 6.70 per cent. Last week, SBI as part of festival bonanza offered a concessional home loan rate of 6.70 per cent under its festive offer. This was

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Telangana HC slams IRDAI Chairman for appointing official without jurisdiction

The Telangana High Court has passed an order against Insurance Regulatory and Development Authority (IRDAI) Chairman’s decision to appoint a senior official without jurisdiction. In 2014, the IRDAI chairman had relaxed the minimum qualification requirement from a fellow chartered accountant (FCA) to the chartered financial analyst (CFA) for an

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