The bank had more than 82,000 employees as of the end of March 2023, and with the layoff, 4 per cent of Morgan Stanley’s staff will be affected
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Currently, the recovery rate from written-off accounts is less than 15 per cent and public sector banks (PSBs) can recover only 14 per cent from the last five years, Rs 7.34 lakh crore as on March 2022
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Financial institutions, particularly banks, mobilised the most money, amounting to Rs 4.2 trillion, a 12 per cent increase over FY22
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According to the data from the National Payments Corporation of India (NPCI), about 1 billion transactions worth approximately Rs 1.37 trillion occurred during the last three days of April
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Uday Kotak said the status of American dollar as a reserve dollar gives it power to regulate international trade, putting other countries in a dependent position while transacting
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The Public sector bank's net profit was Rs 310 crore in January-March 2021-22
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Chand succeeds Sanjiv Chadha, whose term was recently extended for five months till June 30 by the government. The original term of Chadha ended on January 19 of this year
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It added the strong growth in core operating income resulted in quarterly net profit of 134 per cent YOY from Rs. 343 crore in Q4-FY22 to Rs. 803 crore in Q4-FY23
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