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BusinessToday.In
June 19, 2021
SBI customers will not be able to avail internet banking and UPI services and YONO and YONO Lite apps will also not be operational during this period


BusinessToday.In
June 18, 2021
RBI approval came after Centrum Financial Services, along with Bharat Pe, submitted an expression of interest to take over PMC Bank. PMC Bank was put under several restrictions in September 2019. Curbs included restrictions on withdrawals of cash and investigation into accounting lapses


BusinessToday.In
June 18, 2021
The customised crash course training will be imparted to people in six customised job roles, namely home care support, basic care support, advanced care support, emergency care support, sample collection support, and medical equipment support


BusinessToday.In
June 18, 2021
Mohan says there is a mismatch between the performance of the real sector and financial markets. RBI this month revised its real GDP projection from 10.5 per cent to 9.5 per cent in 2021-22 amid second Covid-19 wave


BusinessToday.In
June 18, 2021
Paytm has roped in some of the most influential investment bankers for its proposed IPO. JP Morgan, Morgan Stanley, Goldman Sachs and ICICI Securities are likely to lead issue, touted to be largest IPO in financial sector


BusinessToday.In
June 17, 2021
Earlier this month, Paytm's board had given an in-principle approval to raise around Rs 22,000 crore through its IPO


Reuters
June 16, 2021
North Korea has not officially confirmed any COVID-19 cases, a claim questioned by Seoul officials. But the reclusive country has imposed strict anti-virus measures including border closures and domestic travel restrictions


PTI
June 13, 2021
In April this year, the Pune-based lender had received board approval to raise Rs 5,000 crore by way of QIP/rights issue/ preferential issue or by issuing Basel III bonds


Anand Adhikari
New Delhi, June 9, 2021
From disrupters to partners, the Fintech-bank relationship has come a long way. What is the next level of this partnership?


Rajeev Dubey
New Delhi, June 9, 2021
Anywhere Tech is BT's special annual compilation to showcase tech-novation across the country. Take the case of the financial services industry where the big Q has long been whether banks of the future will be traditional banks as we know them or will technology finance firms such as Google, Facebook or Amazon dominate tomorrow's banking industry


Anand Adhikari
New Delhi, June 8, 2021
The second covid wave has already impacted the pace of economic recovery as seen from the GDP downgrades by the Reserve Bank of India, global rating agencies, and other global institutions. Given the widening fiscal deficit and higher public debt, there is now a threat of a sovereign rating downgrade if another Covid wave hits the economy. The risk of a downgrade comes from a slowing growth momentum, widening fiscal deficit, higher inflationary pressure, and a stressed banking sector. The RBI's ability to pump in another liquidity bonanza like 8 per cent of GDP in the first pandemic year 20-21 is also not possible. The current fiscal deficit at 9.3 per cent of GDP for 20-21 is one of the highest in recent decades. The banking sector has entered the crisis with 8 per cent gross NPAs Post the second wave, the real stress in banks, NBFCs, and other entities are hidden because of regulatory forbearances especially loan moratorium, govt guarantees, and one-time loan restructuring. There is a lot on the government's shoulders to avoid a rating downgrade as it would have serious implications.Also Read: World Bank cuts India's FY22 GDP growth forecast to 8.3% from 11.2%


BusinessToday.In
June 7, 2021
Share of YES Bank climbed up to 10.63% at Rs 15.19 against previous close of Rs 13.73 on BSE


BusinessToday.In
June 7, 2021
Stocks in news: Tata Consumer, IndusInd Bank, PNB, MRF, Reliance Infrastructure, Dewan Housing, Bank of Baroda, Dr Reddy's and more


PTI
June 5, 2021
The bank will be increasing the allocation of capital towards climate finance to 3.5 per cent of its loan book over the next two years, which is currently at 2.7 per cent, IndusInd Bank said on the occasion of the World Environment Day


BusinessToday.In
June 4, 2021
The RBI, on May 31, said that its 2018 circular was no longer valid and barred banks from citing it. \"Such references to the above circular by banks or regulated entities are not in order as this circular was set aside by the Hon'ble Supreme Court on March 04, 2020,\" it said


BusinessToday.In
June 3, 2021
Edelweiss ESG Scorecard & Ratings assessed companies across 15 sectors on 40 critical ESG data points and their time series. Weights are equally divided across E, S & G (broadly 33.3 per cent each) and companies are given scores from 0 to 100, with 100 being highest


BusinessToday.In
June 2, 2021
The fears of firming inflation are also likely to abstain the MPC from fiddling with the interest rate in its bi-monthly monetary policy result, to be announced on June 4


BusinessToday.In
June 2, 2021
The public sector bank informed its customers that if they have not linked their PAN with their Aadhaar till June 30, their PAN card will be rendered inoperative and cannot be used for online transactions


BusinessToday.In
June 1, 2021
It has gained 921 per cent in the last 12 months and risen 256 per cent since the beginning of this year


BusinessToday.In
May 31, 2021
Magma Fincorp also said that Vijay Deshwal, a seasoned banker with a track record of over two decades, will take charge as the company's CEO from the first week of July.


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