What are BPLR and MCLR, and how do they impact your home loan rates?
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If you are planning to take a home loan from a bank, BPLR and MCLR are some of the terms you would come across. What are BPLR and MCLR and how do they impact home loan rates? Let's take a look
RBI report says stressed asset sales should take place earlier
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All lenders including banks must make a list of non-performing assets which they intend to sell to eligible entities including ARCs at the start of each year: Report
RBI to use cutting-edge tech to boost supervisory efficacy: Dy Governor
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The apex bank is now much more engaged with management of firms and discussions are getting intense, says M K Jain in keynote address at Business Standard BFSI Insight Summit
Banks lend Rs 63,574 crore to 1.38 mn borrowers via outreach programme
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Both public and private banks have extended credit through 10,580 camps under the programme. Loans are over and above those under various central government loan guarantee schemes
New rules enough to protect genuine business decisions of bankers?
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The govt has issued a uniform staff accountability framework for NPAs of up to Rs 50 cr to protect bankers taking bonafide decisions. But is that enough to assuage concerns?
Insurance claim to be rejected if lapsed on premium not paid: SC
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An insurance claim can be rejected if the policy has lapsed on account of non-payment of premium, said the Supreme Court which stressed that the terms of an insurance policy have to be strictly interpreted.
The apex court observation came while setting asid
What does Shaktikanta Das' reappointment mean for markets?
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A three-year extension for Shaktikanta Das as RBI Governor signals the govt's endorsement of his policies. Now, what does his extension mean for the markets? This report examines
PMC Bank customers not to get Rs 5 lakh deposit cover in first lot
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Customers of stressed Punjab & Maharashtra Co-Operative Bank (PMC Bank) will not get up to Rs 5 lakh insurance cover in the first lot as the multi-state co-operative bank is under the resolution process.
Deposit Insurance and Credit Guarantee Corporation (DI
Fino Payments Bank raises Rs 539 cr from anchor investors ahead of IPO
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Fino Payments Bank on Thursday said it has garnered Rs 539 crore from anchor investors ahead of its initial share sale that opens for public subscription on Friday
RBI approves appointment of Baldev Prakash as J&K Bank MD & CEO
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Jammu & Kashmir Bank on Wednesday said the Reserve Bank has approved the appointment of Baldev Prakash as its next Managing Director and CEO from the next year.
The Reserve Bank of India has vide letter dated October 26, 2021 accorded approval to the candida
ADB to provide $100 mn loan for agribusiness development in Maharashtra
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The Asian Development Bank will provide a $100 million (around Rs 749 crore) loan to promote agribusiness network to boost farm incomes and reduce food losses in Maharashtra
Punjab National Bank quarterly profit jumps 78% to Rs 1,105 crore
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State-owned Punjab National Bank (PNB) on Wednesday reported a 78 per cent increase in net profit at Rs 1,105 crore for the second quarter ended September 30
SFBs a proven success, emerged stronger after note ban and Covid: Industry
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This was the conclusion on the fourth day of the Business Standard BFSI Insight Summit where the country's top SFB chiefs brainstormed the future of small finance banks
