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Finance

‘RBI’s proposal to regulate bank penal charges could dent lenders revenues’

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MUMBAI (Reuters) - The Reserve Bank of India's (RBI) proposal to discourage banks from capitalising on penal charges and additional interest loan defaults...
Finance

Rupee appreciates 18 paise to 81.93 against US dollar in early trade

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The rupee gained 18 paise to 81.93 against the US dollar in early trade on Thursday tracking the broad weakness of the American...
Finance

UBS Group weighs retaining Credit Suisse’s private banking unit in India

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UBS takes over Credit Suisse: Everything you need to know about the crisisUBS in talks to buy embattled Swiss rival Credit Suisse, says...
Finance

RBI permits Karnataka Bank to collect direct, indirect taxes for CBDT, CBIC

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The Reserve Bank of India has authorised private sector lender Karnataka Bank to collect direct and indirect taxes on behalf of CBDT and...
Finance

Bank of India plans to raise Rs 6,500 crore in FY24 to fund its growth

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State-run lender Bank of India (BoI) will seek approval from its board to raise Rs 6,500 crore capital in the current financial year...
Finance

Bajaj Finance raises Rs 1,955 crore through medium term bonds

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Banks tier II bond issuance surges 3.5 times in FY23, shows dataBajaj Finance net profit jumps 40% in Q3 to Rs 2,973 crore;...
Finance

RBI okays re-appointment of Sanjay Agarwal as MD of AU Small Finance Bank

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Reserve Bank of India has approved re-appointment of Sanjay Agarwal as managing director and CEO of AU Small Finance Bank for a period...
Finance

Reserve Bank of India proposes threshold for penal charges on loans

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The Reserve Bank of India (RBI) has announced draft norms on penal charges levied by banks and non-banking finance companies (NBFCs) on loan...
Finance

Irdai chief urges insurers to increase their capital for faster growth

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Existing insurance companies should go to their boards and augment their capital base so that they can focus on growing at a faster...
Finance

Canara Bank, Bharat BillPay tie up for cross border bill payments in Oman

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Canara Bank and NPCI Bharat BillPay Ltd (NBBL) have announced the launch of cross-border inward bill payment services for Indians based in Oman. NRIs...
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