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US, India, and Global Connect: Partners in making affordable internet a re
Updated : 8 years, 7 months ago IST
New Delhi [India], Sept. 15 (ANI): The Institute of Electrical and Electronics Engineers today hosted a workshop here with leaders from government, development banks, the IT sector, civil society and private industry to discuss digital connectivity and broadband access as part of the Global
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Banks should increase provision coverage ratio, says RBI Deputy Governor
Updated : 8 years, 7 months ago IST
New Delhi [India], Aug 30 (ANI): In view of rising Non-performing assets of banks, the provision coverage ratio (PCR) of banks should be increased, Deputy Governor of the Reserve Bank of India (RBI), N. S Vishwanathan said at an ASSOCHAM event held in New Delhi today.
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SC asks consortium of banks to reply to Mallya's plea
Updated : 8 years, 7 months ago IST
New Delhi, Aug 29 (ANI): The Supreme Court on Monday asked a consortium of banks led by the State Bank of India (SBI) to reply to liquor baron Vijay Mallya's plea seeking recall of an order asking him to disclose his assets.
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RBI issues clarification on S4A norms for NPAs to banks
Updated : 8 years, 7 months ago IST
New Delhi, Aug. 25 (ANI): The Reserve Bank of India (RBI) has issued a clarification with respect to norms of its Scheme for Sustainable Structuring of Stressed Assets (S4A), which allows the bankers to restructure debt of companies in default.
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Deutsche Bank downgrades Axis Bank, indicates high stress
Updated : 8 years, 7 months ago IST
New Delhi, Aug 25 (ANI): Deutsche Bank has downgraded Axis Bank to hold but not changed the target to Rs. 590 per share. The firm has warned the stock to lack near-term triggers as it remains one of the structurally strong banks considering a weak transitionary phase.
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RBI Governor calls levelling imbalances in PSB staff pay scales
Updated : 8 years, 7 months ago IST
Mumbai, Aug.16 (ANI): Reserve Bank of India (RBI) Governor Raghuram Rajan on Tuesday appealed to the government to take steps to ensure a levelling of imbalances in pay scales in public sector banks (PSBS) to ensure greater fiscal efficiency and effectiveness.
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NAREDCO organizes 13th National convention, exhibition in Delhi
Updated : 8 years, 7 months ago IST
New Delhi, Aug 13 (ANI-NewsVoir): At a time when the Indian banks are adopting a cautious approach for funding real estate projects, Private Equity (PE) funds and Non-Banking Financial Companies (NBFCs) seems to have come to the rescue of the Indian real estate market.
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Implementation of Insolvency and Bankruptcy code will help in debt recover
Updated : 8 years, 7 months ago IST
New Delhi, Aug.8 (ANI):The Third FICCI-IBA Bankers survey was conducted during July 2016 for the period January-June 2016. The survey saw a participation of 20 banks including public, private and foreign banks.
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RBI issues bank licence norms, bars conglomerates
Updated : 8 years, 7 months ago IST
New Delhi, Aug 2 (ANI): The Reserve Bank of India (RBI) on Monday released guidelines for 'on tap' licensing of universal private sector banks under which the applicants can apply for a banking licence anytime as opposed to a limited-period window that the central bank previously u
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Time to scale up cyber security to meet emerging threats: Deputy Governor,
Updated : 8 years, 7 months ago IST
New Delhi, July 30 (ANI): Banks need to put in place preventive measures such as appropriate controls framework around the systems, reconciliation of transactions in on real / near real time basis, controls over the message creation and transmission, applying timely security patches to the i
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Bank employees strike to hit operations today
Updated : 8 years, 7 months ago IST
New Delhi, July 29 (ANI): Normal banking operations may take a hit today, as public sector bank employees will be on a one-day strike against the proposed merger of associate banks with the State Bank of India (SBI). They are also opposed to the banking reforms announced by the government re
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SC issues notice to Mallya over petition filed by banks for not disclosing
Updated : 8 years, 7 months ago IST
New Delhi, July 25 (ANI): The Supreme Court on Monday issued a notice to liquor baron Vijay Mallya over the contempt petition filed by a consortium of banks against him for not disclosing his assets as directed.
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