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BusinessToday.In
November 23, 2020
Banking and non-banking shares rose up to 20% in the early morning trade on BSE after RBI's IWG recommended guarded entry of corporate into banking space, and a proposal to once again allow promoters of banks to hold up to 26% stake or non-promoter investors to take up to 15% stake


Ankita Chakravarti
New Delhi, November 23, 2020
India's leading payment services Paytm has announced a new EMI option for its postpaid users.


BusinessToday.In
November 23, 2020
The new feature will not be restricted to Microsoft Account or Microsoft Teams app, but one can join also calls via the web browser


BusinessToday.In
November 23, 2020
YES Bank shares have given almost 3% returns to investors in the last 2 days. In the last one-month period, YES Bank stock rose for 11 days and declined for 7 days, taking the returns to 8.31% for the period


Manali
November 23, 2020
Former Reserve Bank of India's (RBI) governor Raghuram Rajan and deputy governor Viral Acharya in an article he posted on LinkedIn, stated that it is important to stick to the tried and tested limits on corporate involvement in banking


BusinessToday.In
November 23, 2020
Unexplained outage in HDFC Bank data centres led to total disruption in UPI, ATM and card channels of bank for over 12 hours. HDFC Bank customers have faced similar digital disruption for third time in two years


BusinessToday.In
November 23, 2020
India Stock Market Highlights Today: IndusInd Bank, followed by Bajaj Finserv, Bajaj Finance, Reliance Industries, ONGC, NTPC and Tata Steelwere among the top gainerz in the Sensex pack. On the other hand, HDFC, Asian Paints, ITC and Bharti Airtel were among the laggards


BusinessToday.In
November 22, 2020
Share market this week: The Indian benchmark indices may see volatility this week as traders will adjust their F&O positions ahead of November series contracts expiry due on November 26


BusinessToday.In
November 22, 2020
Customers took to Twitter on Satursay to complain about the unavailability of transactional services, as well as issues with linked accounts on other applications like Paytm, Google Pay


PTI
November 22, 2020
On the back of resolution and pick up in advances, the bank aims to bring down the gross NPAs below 10 per cent mark by March


BusinessToday.In
November 21, 2020
In order to allow them to run full-fledged operations, the apex bank may make norms tighter as proposed by deputy governor M Rajeshwar Rao recently.


BusinessToday.In
November 21, 2020
The inflow of funds has risen after the end of election in the United States and weakness in the dollar index


BusinessToday.In
November 21, 2020
The RBI Internal Working Group (IWG), constituted to review corporate structure for Indian private sector banks, has also suggested the conversion of big non-banking finance companies (NBFCs) into banks


Anand Adhikari
November 20, 2020
Sources reveal the private bank has an exposure of Rs 90 crore in one of the loan accounts of Pune-based loss-making firm Bilcare Ltd. This loan was converted into a zero coupon non-convertible debenture (NCD) by the bank with no repayments scheduled for the first five years


PB Jayakumar
November 20, 2020
Since the pandemic, India has created a robust regulatory and collaborative ecosystem and partnerships between various stakeholders under the National Biopharma Mission (NBM) to speed up vaccine development


Rukmini Rao
November 20, 2020
Kiran Mazumdar-Shaw, Chairperson of Karnataka's Vision Group on Biotechnology & Biocon group said that even if the current growth trends continue to be impacted by COVID-19 hiccups, Karnataka is estimated to reach $42 billion by 2025


Niti Kiran
November 20, 2020
Looking at the way demand has come back in the economy and positive sentiments in the market, experts expect the trend to continue for the upcoming quarters to see more companies improving their ability to service debt in the future


BusinessToday.In
New Delhi, November 20, 2020
Rating agency ICRA in its latest report has stated that the contraction in India's Gross Domestic Product (GDP) may narrow down to 9.5 per cent in the second quarter of the current financial year; ICICI Bank has launched a fully digital EMI plan, to be made available at leading retail stores, in partnership with Pine Labs; As COVID-19 cases rise in Delhi, Chief Minister Arvind Kejriwal announced on Thursday that the fine for not wearing a mask in public has been increased from Rs 500 to Rs 2,000. Watch this and more on News Blast.Also Read: RBI to open doors to Tatas, Birlas, Ambanis to set up banks


Rupa Burman Roy
November 20, 2020
Among sectors, barring media and pharma, all the sectors closed in green territory, with banking, financials, IT, and FMCG closing above 1% each


Anand Adhikari
November 20, 2020
Large industrial houses like Aditya Birla group, Bajaj group, Mahindra and Mahindra, and Tata Sons already have large NBFCs with more than a decade of operations. In fact, these NBFCs are bigger than many mid-sized banks in the country


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