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Business: World Bank approves USD 1 billion additional aid to India for this purpose

The World Bank on Friday approved USD 1 billion for India linked to Central government's programmes.
CRIME: ED arrests Wadhawan brothers in Yes Bank case

The Enforcement Directorate (ED) on Thursday arrested DHFL promoters Kapil and Dheeraj Wadhawan in connection with its money laundering probe against...
Business: SBI complains to CBI after Rs 411 crore loan defaulter flee country

Three promoters of Ram Dev International, recently booked by the CBI for allegedly cheating a consortium of six banks to the tune of Rs 411 crore, hav...
Banks not following RBI directive on gold margin calls: Mehrasons

Amid spreading coronavirus and subsequent lockdown, borrowers of a gold metal loan (GML) are facing excessive heat as the price of the yellow metal ha...
Business: World Bank sees outbreak taking a big toll on Asia's economy

The World Bank is estimating that the cornavirus outbreak will cause economic growth to slow significantly this year in China and other East Asian-Pac...
Business: Moratorium on Yes Bank to be lifted on March 18

The government has notified the Yes Bank reconstruction scheme as per which the moratorium on the troubled private sector lender will be lifted on Mar...
Business: Anil Ambani to pay USD 100 mn in conditional order for Chinese

A UK court on Friday directed Reliance Group chairman Anil Ambani to pay USD 100 million towards a conditional order granted to three Chinese banks pu...
Bank unions call two-day strike from January 31

Bank unions on Wednesday called for a two-day nationwide strike on January 31 and February 1 after talks over wage revision failed to make headway wit...
In a big relief to exporters, SBI withdraws e-BRC charges

In what can be termed as a major relief to exporters, the State Bank of India (SBI) has decided to withdraw charges levied on the issuance of Bank Rea...
Business: GNPA, NPA expected to come down by March 31: SBI Chairman

State Bank of India (SBI) Chairman Rajnish Kumar on Sunday said that the gross non-performing assets (GNPA) and non-performing assets (NPA) of all the...
Vistara, SBI launch co-branded credit card

The State Bank of India (SBI) and full-service carrier Vistara on Tuesday launched a premium, co-branded credit card, which lets users avail benefits...
Equity indices flat in early trading, PSU banks gain

Equity benchmark indices swung between gains and losses during early hours on Monday with government-owned bank showing marginal gains.
No claimants for dormant Swiss accounts of Indians; some may get liquidated soon

No claimants have come forward for about a dozen dormant Swiss bank accounts linked to Indians, leaving the funds lying in these accounts at the risk...
SBI Q2 profit surges six-fold to Rs 3,375 crore

The country's largest lender SBI on Friday reported a nearly six-fold jump in its consolidated net profit to Rs 3,375.40 crore for the second quarter...
On Dhanteras, scam-hit women depositors of PMC bank hold protest in Mumbai

Several women depositors of crisis-hit Punjab and Maharashtra Co-operative Bank on Friday staged a protest in West Mumbai's Andheri.
PMC Bank depositor dies of heart attack after protest

A man, whose family has a deposit of over Rs 90 lakh with the troubled Punjab and Maharashtra Bank Cooperative (PMC) Bank, died due to a heart attack,...
Will be personally following up with Centre on PMC bank issue, says Fadnavis

Chief Minister Devendra Fadnavis on Tuesday said that after assembly elections in the state, he will take up the issue of Punjab and Maharashtra Co-op...
SBI lowers rates on non-repo-linked loans by 10 bps

State Bank of India on Wednesday announced reduction in its marginal cost of fund based lending rate by 10 basis points across all tenors, effective O...
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