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An overwhelming 88 per cent Indians are concerned about the security of online financial transactions and at least a quarter refrain from making payments online for fear of fraud.
IDBI Bank Ltd it will raise Rs 3,771 crore instead of an earlier plan of raising Rs 2,800 crore through qualified institutional plans (QIP) route.
State Bank of India today announced launch of SBI e-Smart SME to offer easy working capital to online e-commerce players.
The Reserve Bank permitted banks to bring down the statutory liquidity ratio securities under held-to-maturity category by 1.25 per cent to 20.50 per cent by 2017.
Strategic Debt Restructuring allows banks to classify the debt in question as "standard", rather than bad, during the 18 month process.
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