Mutual Fund or Bank deposit ?
[ad_1] Country's biggest lender SBI has moved the National Company Law Tribunal (NCLT) against Jaiprakash Associates Ltd for initiation of insolvency proceedings against the debt-ridden company. State Bank of India (SBI) in its plea filed before the Allahabad bench of NCLT has claimed a total default of Rs 6,893.15 crore
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[ad_1] India's central bank is unlikely to extend a Friday deadline for businesses to set up an additional layer of security for consumers' credit card data even after some concerns remain over payments failing and revenue losses, say bankers and merchants. Despite a demand by smaller merchants to delay the compliance
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[ad_1] Zee Business Top Picks 28th Sep'22: LIVE: RBI Monetary Policy Review Meeting Begins - MPC to recommend another hike? Date, Time, Expectations, Possible Outcomes - Latest News, Updates. Among other top news, Government hikes Dearness Allowance by 4 per cent to 38 per cent. Also know the top gainers and losers on the
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[ad_1] With less than a week remaining for implementation of Reserve Bank of India's (RBI) tokenisation mandate, top merchants have once again approached the regulator to direct banks, payment aggregators and card networks to ensure that recurring payments are tested widely to avoid disruptions. Without directly seeking an extension, the Merchant
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[ad_1] Banks have more than doubled their market borrowings to lend as core deposit growth has lagged behind the demand for loans as consumers are witnessing huge income erosion due to inflation impacting deposit growth. Such borrowings which are in addition to interbank and RBI borrowings essentially comprising various kinds of
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[ad_1] The Reserve Bank of India (RBI) has rejected reconsidering Sberbank’s pay-related requests for its India CEO Ivan Nosov, ordering the Russian lender to recover the excess sum paid to him as bonuses in 2021 and comply with the directive within two weeks. “The explanation provided by the bank in the
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[ad_1] The Reserve Bank of India (RBI) on Monday said it has imposed a monetary penalty of Rs 1 lakh on Surat-based Varachha Co-operative Bank for contravention of directions issued by RBI on loans and advances to directors. The RBI has issued an order in this regard dated September 16, 2022. Varachha
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[ad_1] High defaults of about 8 per cent in the education loan portfolio have made banks cautious and go slow on the sanction of such credit. Non-performing assets (NPAs) in the education loan category including public sector banks' (PSBs) were 7.82 per cent at the end of June quarter of
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[ad_1] Kolkata: Central Bank of India, the latest lender to extricate itself from regulatory curbs, has set a target of reducing bad loans to the tune of ₹6,000 crore in the next three months to bring the gross non-performing assets ratio below 10%. The state-owned bank is carrying a gross NPA
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[ad_1] The Reserve Bank of India (RBI) on Thursday directed Mahindra & Mahindra Finance Services Ltd, Mumbai (MMFSL), to immediately cease carrying out any recovery or repossession activity through outsourcing arrangements, till further orders. In other words, the company was directed not to use services of any outside agency for
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