Should Indians be worried about the safety of their bank deposits? What we know (and what we don’t)

Should Indians be worried about the safety of their bank deposits? What we know (and what we don’t)

The Finance Ministry in a series of tweets earlier this week clarified that rights of depositors will not be compromised by the Financial Resolution and Deposit Insurance Bill, 2017, or FRDI Bill, expected to be tabled in the Parliament in...
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27 Percent of Small Business Owners Use Same Bank Account for Business and Personal (Infographic)

27 Percent of Small Business Owners Use Same Bank Account for Business and Personal (Infographic)

Managing finances is a key priority for small businesses. Yet many business owners make financial mistakesthat may cost them dearly. For example, a new study has revealed 27 percent of small business owners use the same checking account for personal and busi...
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Punjab National Bank Q2 Profit Beats Estimates, Shares Surge

Punjab National Bank Q2 Profit Beats Estimates, Shares Surge

State-run Punjab National Bank, the country’s fourth-biggest lender by assets, reported a 2 per cent rise in second-quarter profit, beating forecasts. Its shares rose over 5 per cent to Rs. 208 at day’s high. Net profit rose to Rs. 561...
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Modi govt’s Rs 2 trillion recapitalisation plan spurs bank stocks

Modi govt’s Rs 2 trillion recapitalisation plan spurs bank stocks

Key benchmark indices Sensex and Nifty were trading higher by up to 1% in late morning trade, pulling back from their life-time highs, as select banking, IT, auto and pharma stocks gained. The government on Tuesday announced various measures to spur...
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RBI Says Linking Aadhaar Number To Bank Accounts Mandatory

RBI Says Linking Aadhaar Number To Bank Accounts Mandatory

Mumbai: The Reserve Bank of India (RBI) on Saturday dismissed media reports that it was not necessary to link national identity card numbers, known as Aadhaar numbers, to bank accounts. It said in a statement the requirement remained in force...
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Fed’s ‘Great Unwinding’ Lifts Dollar, Yields And Bank Stocks

Fed’s ‘Great Unwinding’ Lifts Dollar, Yields And Bank Stocks

London: Signals the Federal Reserve will hike U.S. interest rates again this year and begin the ‘Great Unwinding’ of a decade of aggressive stimulus, drove the dollar to a two-month high versus the yen on Thursday and sent bonds and...
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