Banking services hit as employees of public sector banks go on strike

Banking services hit as employees of public sector banks go on strike

Normal banking operations have been hit as public sector bank employees went on a one-day nationwide strike on Tuesday to protest against the government’s proposed consolidation move, besides raising other demands. Services like deposits and withdrawal at bank branches, cheque clearance,...
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Sensex Down Over 100 Points, Nifty Below 9,550; PSU Banks Weigh

Sensex Down Over 100 Points, Nifty Below 9,550; PSU Banks Weigh

The Sensex fell over 100 points and Nifty was trading below its important psychological level of 9,550 as PSU banking shares came under heavy selling pressure after a report suggested that the strong steps taken by Reserve Bank to resolve...
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The big dreams of small finance banks

The big dreams of small finance banks

If politicians stop spoiling the credit culture, clamouring for loan waivers, the small finance banks can change India’s banking landscape. Photo: Hemant Mishra/Mint All the 10 small finance banks that have got the in-principle licence from the Reserve Bank ...
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One Fifth Of IDBI Bank’s Loans Turn Bad In Q4, Shares Plunge

One Fifth Of IDBI Bank’s Loans Turn Bad In Q4, Shares Plunge

IDBI Bank shares plunged as much as 9 per cent on Thursday after the state-owned bank said that more than one fifth of its advanced turned bad in the March quarter. IDBI Bank, which reported its earnings for the January-March...
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Big Banks Cut Home Loans Rates, Special Discounts for Women

Big Banks Cut Home Loans Rates, Special Discounts for Women

India’s largest private sector lender ICICI Bank cut its home loan rates by 0.3 per cent for loans up to Rs. 30 lakh, a move that was matched by HDFC Bank on Monday bringing them in line with the country’s...
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Vijay Mallya Says Ready To Talk To Banks For One-Time Settlement

Vijay Mallya Says Ready To Talk To Banks For One-Time Settlement

New Delhi: The embattled liquor baron Vijay Mallya today took to Twitter saying he is ready to negotiate with banks to pay a one-time settlement charge on Rs. 9,000-crore loan default. “Public sector banks have policies for one-time settlements. Hundreds...
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