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A day after three PSU banks were removed from Prompt Corrective Action (PCA) framework of the RBI, Finance Minister Piyush Goyal Friday expressed hope that other remaining 8 lenders will be out of the list soon. Various steps taken by the government has helped the banks significantly and as a...
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February 1, 2019 Loknath Das
Banking
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It already provided Rs 51,533 crore to a clutch of state-run banks by end-December. The government has indicated to state-run banks that it will finalise the infusion of over `54,000 crore into public sector banks (PSBs) once their results for the December quarter are out in February, banking...
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January 29, 2019 Loknath Das
Banking
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HDFC Bank launched its new mobile banking app with revamped UI. Ever since the app was launched on Tuesday, has been down for 3 days.Users have not been able to log in. The app shows an error due to heavy load. New Delhi: HDFC Bank recently launched its...
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November 30, 2018 Loknath Das
Banking
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Education loans: One need to fill out just one form to apply for loans at any of the banks If you have managed to procure the much sought-after offer letter from any Ivy League University or a top institution in India or abroad, there might be chances that...
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April 13, 2018 Loknath Das
Education Loans
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NEW DELHI: The government has made it mandatory for banks to sanction education loans only though online process and asked them not to consider any application submitted in the physical form, so that the education loan disbursement process becomes transparent and more efficient. “The Department of Financial Services...
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February 10, 2018 Loknath Das
Education Loans
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Asset quality concerns continue to plague India’s banks, especially those owned by the government, and analysts expect June quarter’s pain to remain in 2017-18. Thirty-seven of the 38 listed banks that reported June quarter earnings till Saturday have posted a 24.3% rise in aggregate gross bad loans to...
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August 14, 2017 Loknath Das
Banking
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