Banks have collected around Rs 10 trillion in deposits during the note ban period and expect almost 40 per cent of that fresh deposits to remain with them
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Country's banking sector is likely to recover very marginally over next few quarters due to low capacity utilisation in corporate segment and wait and watch approach of borrowers in some sectors, says a report
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Branches of public banks remained either closed or non-operational on Tuesday (February 28) as staffers and officers went ahead with their day-long strike pressing for various demands, including accountability of top executives in the wake of mounting bad loans
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Operations at state-owned banks will be impacted on Tuesday as most unions under the aegis of UFBU will go on strike to press for various demands including those related to wages
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The response given by the Finance Ministry on an RBI report about the introduction of Sharia banking in India cannot be disclosed, the central bank has said
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In the investing world, stories can prove especially dangerous, and can even serve to kick start a multitude of other firmly embedded behavioral biases
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Global banking giant HSBC has disclosed being probed by tax authorities in India and several other countries, including against its Swiss and Dubai units, for allegedly abetting tax evasion of four Indians and their families
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Thrust on digital economy requires banks to go for digitisation but the banking sector should not be clogged with unnecessary regulations
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