Mutual Fund or Bank deposit ?
[ad_1] State-run banks are proposing to create a central talent pool and finalise a three-year business strategy for individual banks, aiming to improve their performance and competitiveness. This talent pool will have senior-level domain experts from all public sector banks (PSBs) and will look to build peer-to-peer collaboration by sharing technology,
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[ad_1] Data shows that private sector banks in India more than tripled their share in loans sanctioned to small businesses in India in FY22. Public sector banks increased their share to 73% in FY21. When competition for credit picked up in FY22, the are of public banks lending to small
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[ad_1] US-based bank Citigroup Inc on Thursday said it has inaugurated two state-of-the-art workspaces in Chennai and Pune under its Citi Solution Centres network that would augment the capacity to serve its global clients. The Chennai and Pune locations provide solutions for technology, operations, analytics, finance, risk and allied services for
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[ad_1] temporarily froze about 100 bank accounts Sunday after those clients reportedly received Rs 13 crore each because of a technical glitch. The incident happened at a branch on Usman Road, Thiyagaraya Nagar in Chennai, during a systems upgrade. The cap was eased later in the evening. “A display error was
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[ad_1] SBI General Insurance on Wednesday said it has set up a task force to manage queries and claims on fast-track mode raised from customers in view of the heavy rainfall in the city over the last few days. A team has set the standard operating procedures in motion, and a
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[ad_1] Private sector leading non-life insurer ICICI Lombard General Insurance has initiated various measures to help customers who were affected by the incessant rains in city, the company said on Tuesday. The company, said it has proactively taken critical measures to support the customers in flood damaged regions in city
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[ad_1] The CBDT on Saturday claimed that the Income Tax Department has detected "unaccounted" income of over Rs 300 crore after it raided two private syndicate financing groups in Chennai. The searches were carried out on September 23 at 35 premises in the capital city of Tamil Nadu. "The searches,
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[ad_1] Abusing technology that is meant to help customers, a gang has stolen Rs 48 lakh from various cash deposit machines of in Tamil Nadu, police said here on Tuesday. The government owned top lender meanwhile said it has halted the facility to withdraw cash from these machines across
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[ad_1] The Indian insurance regulator IRDAI has allowed non-life insurers to offer "homecare/domiciliary treatment" or treatment at home as an add on cover afresh or to their existing policies. In a circular to all non-life insurers including standalone health insurers, the Insurance Regulatory and Development Authority of India (IRDAI) has said
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[ad_1] State-owned Bank of Maharashtra (BoM) has become top performer among public sector lenders in terms of retail and MSME loan growth during 2020-21. The Pune-based lender recorded a 35 per cent growth in MSME loans at Rs 23,133 crore in 2020-21, according to the BoM data. It was followed
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