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] State-run UCO Bank will soon open open a special rupee account with Russia’s Gazprombank to facilitate growing trade between the two countries, a top official said. The bank has received the necessary approval from the regulator -- the Reserve Bank of India -- to open a special rupee vostro account,
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[ad_1] The government is in favour of banks working closely with the non-banking financial companies (NBFCs) and fintech companies for co-lending and also push forward the digital route, an official said. Speaking at a CII event here on Friday, Hardik Mukesh Sheth, director (banking operations) of the department of financial
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[ad_1] After setting it up and running it for six years since inception, Sujoy Bose, the managing director and chief executive officer of the National Investment and Infrastructure Fund (NIIF), has decided to move on, said multiple people aware of the development. His departure, however, comes at a time when
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[ad_1] Public sector banks are fast adapting to digital means as they have cleared digital lending of Rs 83,091 crore in the financial year ending March 2022. As part of EASE 4.0 reforms, state-owned banks were asked to focus on digital lending, co-lending with non-banking firms, agriculture financing, and technological
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[ad_1] State Bank of India (SBI) on Friday said SBI Global Factors Ltd has become its 100 per cent subsidiary as the country's biggest lender has acquired about 14 per cent stake from other shareholders. SBI has acquired 13.82 per cent equity of existing shareholders i.e., SIDBI (6.53 per cent),
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[ad_1] State Bank of India (SBI), India's largest lender, on Thursday clarified that it has not been identified as a nodal bank for handling Russia-related transactions. The clarification by the bank came in response to reports in certain sections of media that it had been identified as nodal bank for looking
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[ad_1] The country's largest lender, State Bank of India (SBI), raised the Benchmark Prime Lending Rate (BPLR) by 70 basis points (or 0.7 per cent) to 13.45 per cent on Wednesday. The announcement would make loan repayment linked to BPLR costlier. The current BPLR rate is 12.75 per cent. It
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[ad_1] A State Bank of India branch in Haliyal, Karnataka will have to pay a fine of Rs 85,177 for dishonouring a cheque as they failed to properly recognise a Kannada numeral on it. Vadirajacharya Inamdar issued a SBI cheque for Rs 6,000 to Hubli Electricity Supply Company Limited (HESCOM)
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[ad_1] At least five local banks including and are in talks with Singapore’s DBS Bank to begin a real-time remittance system with the city-state using the ubiquitous Unified Payments Interface (UPI) as the backbone, said people familiar with the matter. This will become a common remittance platform in collaboration
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