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After RBI Crackdown, EPFO To Halt Claims Made Via Paytm Payments Bank
India's state-run social security fund, EPFO, will halt claims made via Paytm Payments Bank accounts from Feb. 23, as the central bank imposed restrictions on the payments bank due to persistent irregularities, a government order said.
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Public Banks In "Real Danger Of Privatisation": Bank Officers Body
All India Bank Officers' Confederation (AIBOC), the top body of bank officers in the country, on Tuesday, said state-run lenders are in "real danger of privatisation" despite playing a crucial role in closing the economic divide in society.
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RBI Officials, Bank Executives To Hold Talks On Supervisory Issues In May: Report
India's central bank will hold separate meetings with the executive of state-run and private banks late next month to discuss supervision, ethics and governance issues, five banking sources said.
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Finance Minister Asks Indian Banks To Assess Risks Amid Global Financial Crisis
Finance Minister Nirmala Sitharaman has asked state-run banks to assess various financial health parameters amid turbulence across the global banking sector.
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PNB Chief Says Bank Has Exposure To Adani Group, But Not A Matter Of Worry
Punjab National Bank has a total exposure of 70 billion rupees to Adani Group, but there is currently no worry pertaining to those accounts, the state-run lender's managing director and chief executive said on Monday.
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Rupee Closes Flat At 82.85 Against US Dollar
Rupee likely rebounded from the day's low on dollar sales by exporters, although the rupee trading near 83-levels made investors nervous, added a state-run bank dealer.
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State-Run Banks May Not Turn Bond Buyers Amid Focus On Lending : Report
"Banks are facing a liquidity crunch, while SLR level is more than adequate. In such a scenario, there will be moderate buying by state-run banks," said Sushanta Mohanty, general manager-treasury at Bank of Baroda (BoB).
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RBI Encouraging State Refiners To Cut Spot Dollar Buying: Report
The Reserve Bank of Indiais encouraging state-run refiners to reduce dollar buying in the spot market to contain a sharp fall in the rupee, two sources said, adding they have been asked to lean on a special credit line instead.
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RBI Likely Sells Dollars As Surging US Yields Hold Rupee Hostage: Report
The Reserve Bank of India likely sold dollars via state-run banks on Wednesday as rising Treasury yields and mounting risk aversion pushed the rupee to a record low, traders said.
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RBI Likely Sells Dollars As Rupee Collapses To New Record Low: Report
The Reserve Bank of India likely sold dollars via state-run banks on Friday after the rupee extended losses to hit a record low, three traders told Reuters.
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Nirmala Sitharaman To Attend Bankers' Conclave In Nagaland Today
Union Finance Minister Nirmala Sitharaman is scheduled to attend a bankers' conclave here on Tuesday, and visit a state-run higher secondary school to interact with students, officials said.
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3 Girls Climb Water Tank At Jaipur College, Demand ATM And Gym
A high drama prevailed in the state-run Maharani College in Jaipur where three girl students climbed an overhead water tank on Monday demanding an ATM machine, a bank and open air gym in the institute.
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Central Bank Of India Says No Plans Yet To Close Large Number Of Branches In 2022-23
State-run Central Bank of India on Saturday said there was no decision yet to close a large number of branches during the current financial year
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No State-Run Bank Staff Found Involved In ABG Shipyard Case: Nirmala Sitharaman
Finance Minister Nirmala Sitharaman on Tuesday said no public sector bank employees were found to be involved in the Rs 14,349 crore bank fraud by ABG Shipyard Ltd (ABGSL), and CBI has registered a case against the company and its directors last month.
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Sensex Tanks 1,024 Points; Nifty Settles Below 17,250; Tata Consumer Products, HDFC Bank Top Drags
The Indian equity benchmarks on Monday plunged heavily, extending their fall to the third straight session amid selling across all sectors. State-run banks, however, surged while riding on the back of strong quarterly results.
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After RBI Crackdown, EPFO To Halt Claims Made Via Paytm Payments Bank
India's state-run social security fund, EPFO, will halt claims made via Paytm Payments Bank accounts from Feb. 23, as the central bank imposed restrictions on the payments bank due to persistent irregularities, a government order said.
-
Public Banks In "Real Danger Of Privatisation": Bank Officers Body
All India Bank Officers' Confederation (AIBOC), the top body of bank officers in the country, on Tuesday, said state-run lenders are in "real danger of privatisation" despite playing a crucial role in closing the economic divide in society.
-
RBI Officials, Bank Executives To Hold Talks On Supervisory Issues In May: Report
India's central bank will hold separate meetings with the executive of state-run and private banks late next month to discuss supervision, ethics and governance issues, five banking sources said.
-
Finance Minister Asks Indian Banks To Assess Risks Amid Global Financial Crisis
Finance Minister Nirmala Sitharaman has asked state-run banks to assess various financial health parameters amid turbulence across the global banking sector.
-
PNB Chief Says Bank Has Exposure To Adani Group, But Not A Matter Of Worry
Punjab National Bank has a total exposure of 70 billion rupees to Adani Group, but there is currently no worry pertaining to those accounts, the state-run lender's managing director and chief executive said on Monday.
-
Rupee Closes Flat At 82.85 Against US Dollar
Rupee likely rebounded from the day's low on dollar sales by exporters, although the rupee trading near 83-levels made investors nervous, added a state-run bank dealer.
-
State-Run Banks May Not Turn Bond Buyers Amid Focus On Lending : Report
"Banks are facing a liquidity crunch, while SLR level is more than adequate. In such a scenario, there will be moderate buying by state-run banks," said Sushanta Mohanty, general manager-treasury at Bank of Baroda (BoB).
-
RBI Encouraging State Refiners To Cut Spot Dollar Buying: Report
The Reserve Bank of Indiais encouraging state-run refiners to reduce dollar buying in the spot market to contain a sharp fall in the rupee, two sources said, adding they have been asked to lean on a special credit line instead.
-
RBI Likely Sells Dollars As Surging US Yields Hold Rupee Hostage: Report
The Reserve Bank of India likely sold dollars via state-run banks on Wednesday as rising Treasury yields and mounting risk aversion pushed the rupee to a record low, traders said.
-
RBI Likely Sells Dollars As Rupee Collapses To New Record Low: Report
The Reserve Bank of India likely sold dollars via state-run banks on Friday after the rupee extended losses to hit a record low, three traders told Reuters.
-
Nirmala Sitharaman To Attend Bankers' Conclave In Nagaland Today
Union Finance Minister Nirmala Sitharaman is scheduled to attend a bankers' conclave here on Tuesday, and visit a state-run higher secondary school to interact with students, officials said.
-
3 Girls Climb Water Tank At Jaipur College, Demand ATM And Gym
A high drama prevailed in the state-run Maharani College in Jaipur where three girl students climbed an overhead water tank on Monday demanding an ATM machine, a bank and open air gym in the institute.
-
Central Bank Of India Says No Plans Yet To Close Large Number Of Branches In 2022-23
State-run Central Bank of India on Saturday said there was no decision yet to close a large number of branches during the current financial year
-
No State-Run Bank Staff Found Involved In ABG Shipyard Case: Nirmala Sitharaman
Finance Minister Nirmala Sitharaman on Tuesday said no public sector bank employees were found to be involved in the Rs 14,349 crore bank fraud by ABG Shipyard Ltd (ABGSL), and CBI has registered a case against the company and its directors last month.
-
Sensex Tanks 1,024 Points; Nifty Settles Below 17,250; Tata Consumer Products, HDFC Bank Top Drags
The Indian equity benchmarks on Monday plunged heavily, extending their fall to the third straight session amid selling across all sectors. State-run banks, however, surged while riding on the back of strong quarterly results.
