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Latest Articles in Banking Finance

New Product Review: LIC Jeevan Utkarsh

Jeevan Utkarsh is a non-linked or ‘traditional’ plan, which means that unlike ULIP’s, returns from the plan are not linked to the securities markets

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How Are SIP Returns Calculated?

The correct way to evaluate returns from your SIP would be to consider the CAGR of each unique SIP tranche in isolation, and thereafter average them

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HSBC Picks Company Veteran John Flint As New Chief Executive

HSBC has chosen John Flint as its next chief executive, with its newly arrived chairman promoting an insider to drive revenue growth at Europe's biggest bank.

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NCLT Route Cannot Be Used Effectively An All NPA Cases: SBI MD

The banks have to use what is the best mechanism in each particular case. The NCLT cannot be the solution for all cases

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SBI's SME Assist To Provide Short-Term Loans To MSME Clients

The new initiative, called SME Assist, would offer loans to MSME customers on the basis of their input credit claims under Goods and Services Tax

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Indusind Bank Net Jumps 25% On Robust Commercial Vehicle Loan Demand

The Hinduja Group promoted bank said its mainstay commercial vehicle loan book grew 25 per cent, helping the overall loan growth to 18 per cent, helping the bank report strong numbers

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Why Dynamic Asset Allocation Funds Make Sense Right Now

DAA funds are a "shut and forget" type of moderate risk fund that will never provide blockbuster returns; but will eventually earn you a tax efficient, rational, risk adjusted return

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Bandhan Bank To Decide On IPO Size Later: CEO

"We are required to come out with the IPO not for money, but to meet regulatory compliance. The size and timing of the IPO will be decided on a later course"

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RBI Governor Urjit Patel Says Growth Important, But Not At Cost Of Inflation

India’s central bank has a medium-term target for annual inflation of 4 percent with the flexbility of plus/minus 2 percent on either side to make room for food price volatility

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Insurance Claim Can't Be Denied Due To Delay In Filing It: SC

The apex court directed Reliance General Insurance Company to pay Rs 8.35 lakh to the Hisar-based customer whose insured truck was stolen but his claim was rejected on the grounds of delay in filing it

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Oriental Bank Says Under Central Bank 'Corrective Action' Over Bad Loans

Oriental Bank is the seventh state-run lender to be put under a corrective action plan, which requires a bank to enact curbs on hiring, branch expansion and taking on new loans

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Outgoing Boss Of SBI Says Credit Growth Is "Unfinished Agenda"

State banks, including SBI, the country's largest, have battled rising bad loans in recent years, a fight that has dampened credit growth and slowed a long-awaited economic revival

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RBI Policy: Key Takeaways For Debt Fund Investors

The RBI's policy wordings suggest that it isn't yet fully confident about inflation figures, citing that the recent fall can be attributed more to transitory factors such as an unexpected fall in food prices. It expects inflation to rise back to 4.6% by the end of the Financial Year

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