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CSB Bank Profit Nearly Doubles To Rs 115 Cr In Q1; Asset Quality Improves

Private lender CSB Bank on Thursday reported 88 per cent growth in its net profit at Rs 115 crore in the first quarter of FY23 on the back of decline in bad loans

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In Touch With Authorities To Resolve Cooperatives' Concerns On RBI Regulations: Amit Shah

Shah, who also holds portfolio of Home Affairs, was replying to a question in the Rajya Sabha related to the Reserve Bank of India (RBI) regulations on cooperative bodies

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RBI Mandate Leads To Prepaid Card Business Crash

This slowdown in new issuances to its customers is attributed to lack of clarity in regulations

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Phased Implementation Of Digital Currency For Wholesale, Retail Segments At Works: RBI

The passage of the bill has enabled the RBI to conduct a pilot and subsequent issuance of CBDC

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Bank Of Maharashtra Shares Climb Over 2% After Q1 Earnings

The stock gained 1.80 percent to Rs 16.95 on the BSE after a firm start in early trade

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SoftBank Halts Plans For Arm's London IPO

The departures of investment minister Gerry Grimstone and digital minister Chris Philp, following the collapse of UK Prime Minister Boris Johnson's government earlier this month, have led SoftBank to pause discussions about Arm's UK listing next year, the FT reported, citing people briefed on the talks

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UCO Bank Gets Nod To Raise Equity Capital By Issuing Up To 1 Bn Shares

The bank would raise equity capital at appropriate time in the current fiscal to support growth, according to a regulatory filing on Tuesday

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Urban Co-Op Banks Need To Focus On Symmetric Development: Amit Shah

Cooperation Minister Amit Shah on Thursday said urban cooperative banks need to focus on symmetric development and adopt modern banking methods to stay in competition

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Businesses Should Avoid Aggressive Short-term Reward-seeking Culture: RBI Governor

Reserve Bank of India Governor Shaktikanta Das said the single most important aspect that determines the long-term success of a business is corporate governance

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PNB Raises Benchmark Lending Rate By 0.15%; EMIs To Go Up

State-owned PNB raised its marginal cost of funds-based lending rate by 15 basis points or 0.15 per cent across all tenures, a move that will lead to an increase in EMIs for borrowers

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