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Finance

Indian banks to gain $36 bn in deposits as mutual funds get taxed

By Ruchi Bhatia and Preeti SinghIndia’s decision to tax returns from fixed-income mutual funds is set to bolster its lenders’ efforts to lure...

10% of folios yet to comply as March 31 deadline for MF nomination looms

Even as the deadline for filing mutual fund (MF) nomination or opting out is drawing closer, a fairly large number of investors are...

Government asks state-run banks to conduct more robust stress tests

FM Sitharaman reviews PSBs' performance amid banking crisis in US, EuropeIndian Rupee has performed much better, says FM Nirmala SitharamanFM Sitharaman meets President...

Trickle of foreign inflows to bonds may not speed up in next FY: Analysts

Foreign inflows into Indian government bonds, which showed signs of a pick-up late last year, may not sustain as yields are unlikely to...

No charge on normal UPI payment; interchange fee for PPI transactions: NPCI

National Payments Corporation of India (NPCI) on Wednesday said there is no charge for the bank account to bank account-based UPI payments or...

Punjab National Bank board nod to raise Rs 12,000 cr in capital in FY24

Public sector lender Punjab National Bank (PNB) plans to raise upto Rs 12,000 crore in capital through additional tier I bonds (AT1 bonds) and...

Punjab National Bank to raise $1.5 bn through bonds in one or two tranches

BENGALURU (Reuters) - Indian state-run lender Punjab National Bank said on Wednesday it would raise up to 120 billion rupees ($1.46 billion) in...

Account-to-account transfers on UPI fully free for customers, vendors: NPCI

The National Payments Corporation of India (NPCI), which operates India’s flagship payments platform, Unified Payments Interface (UPI), on Wednesday clarified that about 99.9...

UBS brings back Sergio Ermotti as CEO with Credit Suisse deal ahead

UBS said Wednesday that it's bringing back former CEO Sergio Ermotti to lead the Swiss bank as it moves forward with a government-orchestrated...

Here is how interchange fees on wallet payments will work

The National Payments Corporation of India (NPCI) recently announced that from April 1, an interchange fee of up to 1.1 per cent on...

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