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BT Online
September 21, 2017
Private sector lender Yes Bank has cut around 2,500 jobs which constitute more than 10 per cent of its workforce. The bank said it has a process of identifying bottom performers every year as part of its normal appraisal cycle.
Niti Kiran
New Delhi, September 20, 2017
E-commerce, real estate, banking and telecom sectors brought in large PE investments in 2017 contributing over 65 per cent of total values, while volumes continued to be dominated by the start-up sector.
BT Online
New Delhi, September 20, 2017
SBI has asked customers to submit applications for new cheque books for replacement of the old cheque books. IFSC codes of these banks will also become invalid from September 30.
Rajeev Dubey
New Delhi, September 21, 2017
Normally, when governments need to revive economic growth, the broad objective must be to reinvigorate four major elements of the economy: Capital, Labour, Entrepreneurship and Land/Farming.
Nidhi Singal
New Delhi, September 19, 2017
The iOS 11 will come installed on the new iPhone X, iPhone 8 and iPhone 8 Plus. It can also be installed on some old generation devices as well.
BT Online
September 19, 2017
On Monday, Google became the latest entrant into India's already burgeoning digital payments market by launching its own mobile payments app 'Tez'.
PTI
New Delhi, September 19, 2017
According to the draft papers, the government will sell 9.6 crore shares, whereas the company itself will sell 2.4 crore shares through the IPO. Thus a total of 12 crore shares of the non-life insurer would be sold through the share sale offer, constituting around 14.56 per cent of the company's post issue share capital.
Reuters
New Delhi, September 19, 2017
India could be forced to cut spending on key infrastructure such as railways and highways as lower-than-expected tax collections and sluggish growth have upset the government's budget calculations, two finance ministry officials said.
Reuters
New Delhi, September 18, 2017
The big worry is that economic growth, which slipped to a three-year low in the last quarter, could take a further hit if the public spending that largely underpinned expansion were to be slashed.
PTI
September 18, 2017
The initial share sale offer of ICICI Lombard General Insurance Company was subscribed 98 per cent on the second day of bidding today, as per stock exchanges data.
BT Online
New Delhi, September 18, 2017
The application has been made available on both Play Store and iOS' app store. This new application is a big announcement from Google as it's the first payment application it has launched which is specific to Asia.
PTI
New Delhi, September 17, 2017
State Bank of India (SBI) said it is reviewing charges for certain categories of accounts for non- maintenance of monthly average balance (MAB) after receiving feedback from customers.
PTI
New Delhi, September 17, 2017
Country's largest lender State Bank of India (SBI), reeling under huge stressed assets like other banks, is hopeful that going forward it would be able to control fresh slippages.
BT Online
September 15, 2017
The firm is the first general insurer to go public. It is the second insurance company from the ICICI Group to go for an IPO after ICICI Prudential Life Insurance raised Rs 6,000 crore in an initial share sale last year, the first public offering by an Indian life insurer.
BT Online
New Delhi, September 14, 2017
India's biggest public sector bank State Bank of India (SBI) has come up with its own Artificial Intelligence-powered chatbot to take care of customer queries by giving out information on its range of products and services.
BT Online
September 14, 2017
Speeding up the disinvestment of debt-ridden national carrier, the government on Thursday invited applications from investment bankers, law firms and other entities to act as advisers for strategic stake sale of Air Ind
Anand Adhikari
Mumbai, September 13, 2017
There are some experts who are now saying that the Reserve Bank of India (RBI) that tracks the CPI for adjusting its repo rate is likely to press the 'pause' button. But bankers say there is still scope for reducing interest rates marginally.
BT Online
New Delhi, September 13, 2017
Finance Minister Arun Jaitley today said that as many as 30 crore families have got bank accounts since the launch of India's biggest ever financial inclusion drive- Jan Dhan Yojana. 
BT Online
New Delhi, September 12, 2017
Fitch today said that weak capital positions have a major negative influence on banks' Viability Ratings which will come under more pressure if the problem is not addressed.
Aseem Thapliyal
September 11, 2017
IndusInd Bank is the country's sixth-largest private sector lender by assets and has a market value of about $16 billion, while Bharat Financial Inclusion, formerly known as SKS Microfinance, is valued at more than $2 billion. We look at the players and prospects of the merger.
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