Search For "bank"
M&M Finance tanks 14 per cent as RBI bars it from using third-party re
Updated : 3 years, 6 months ago IST
Mumbai (Maharashtra) [India], September 23 (ANI): The share price of Mahindra & Mahindra Financial Services Limited crashed by more than 14 per cent on Friday a day after the Reserve Bank of India (RBI) barred it from using third-party recovery agents.
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Delhi Court remands ABG Shipyard's ex-promotor Rishi Agarwal to CBI for 4
Updated : 3 years, 6 months ago IST
New Delhi [India], September 23 (ANI): A Delhi Court on Thursday remanded Rishi Agarwal, the former promoter of ABG Shipyard Ltd, for four days in connection with India's biggest bank loan scam of over Rs 22,000 crores.
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RBI bars Mahindra Finance from using third-party recovery agents
Updated : 3 years, 6 months ago IST
Mumbai (Maharashtra) [India], September 22 (ANI): The Reserve Bank of India (RBI) on Thursday said it has barred Mahindra & Mahindra Financial Services from using third-party recovery agents.
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US Fed signals aggressive rate hike: how will it impact Indian economy?
Updated : 3 years, 6 months ago IST
New Delhi [India], September 22 (ANI): The Federal Reserve, the central bank of the United States, on Wednesday hiked policy interest rate by 75 basis points. This is the third straight increase in interest rate by the Federal Reserve since June and it has signalled more large increases in t
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RBI cancels the licence of Maharashtra-based Laxmi Co-operative Bank
Updated : 3 years, 6 months ago IST
New Delhi [India], September 22 (ANI): The Reserve Bank of India on Thursday cancelled the licence of Maharashtra-based Laxmi Co-operative Bank on the basis of weak financials. The central bank also mentioned that the bank consequently ceases to carry on banking business, with effect from Th
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RBI cancels licence of Laxmi Co-operative Bank, Solapur
Updated : 3 years, 6 months ago IST
New Delhi [India], September 22 (ANI): The Reserve Bank of India (RBI) on Thursday said it has cancelled the licence of The Laxmi Co-operative Bank Limited, Solapur, Maharashtra.
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Pakistan economy to slow to 3.5% in FY23: ADB report
Updated : 3 years, 6 months ago IST
New Delhi [India], September 22 (ANI): Pakistan's economy is forecast to slow to 3.5 per cent in the financial year 2022-23 due to reasons like devastating floods and policy tightening, the Asian Development Bank (ADB) has said in its latest report.
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Utkarsh Small Finance Bank Limited expands its presence
Updated : 3 years, 6 months ago IST
Varanasi (Uttar Pradesh) [India], September 22 (ANI/PNN): Utkarsh Small Finance Bank Limited (USFBL), today on its 13th Foundation Day announced the inauguration of 22 branch outlets in the country.
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Techurate introduces Smart Branch to enhance Customer Experience
Updated : 3 years, 6 months ago IST
Bengaluru (Karnataka) [India], September 22 (ANI/GPRC): Techurate Systems Pvt Ltd, a Global Smart Banking technology company has launched its Smart Branch WORK in the Indian market. Techurate identified an opportunity in the Indian market to meet the needs of customers that expect a paper-fr
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South Korea ranks 11th in number of billionaires
Updated : 3 years, 6 months ago IST
Seoul [South Korea], September 22 (ANI/Global Economic): Last year, the number of millionaires, people with assets worth more than USD 1 million (about 1.394 billion won), was 1.29 million. The global investment bank "Credit Suisse" released the "Global Wealth Report 2022" on the 20th. The f
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Concerns over recession grow in South Korea due to inverted yield curve
Updated : 3 years, 6 months ago IST
Seoul [South Korea], September 22 (ANI/Global Economic): Short-term interest rates have recently risen above long-term interest rates for the first time since the 2008 financial crisis.
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CBI arrests CMD of ABG Shipyard in Rs 22,842 crore bank fraud case
Updated : 3 years, 6 months ago IST
New Delhi [India], September 21 (ANI): The Central Bureau of Investigation (CBI) on Wednesday arrested the Chairman and Managing Director of Surat-based ABG Shipyard for allegedly cheating a consortium of banks led by State Bank of India of over Rs 22,842 crore.
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