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SBI Card cautions customers against Bitcoin investment

SBI Card cautions customers against Bitcoin investment

SBI Card cautioned customers of risks associated with bitcoin and other crypto-currencies, but did not ban use of its credit card for such investments. With a customer base of over…

Will honour ‘bonafide commitments’, says PNB on Nirav LOUs

Will honour ‘bonafide commitments’, says PNB on Nirav LOUs

Punjab National Bank (PNB) said it will honour all its ‘bonafide commitments’ under the Letters of Undertaking (LOUs) and Foreign Letters of Credit (FLCs) in connection with the colossal banking…

Will take full capacity action against guilty: PNB

Will take full capacity action against guilty: PNB

The Punjab National Bank (PNB) said it will take “full-capacity” action against the wrong doers in the Rs 11,400-crore Nirav Modi fraud case, which started in 2011. The state-owned bank…

PNB detects $1.77 bn fraud

PNB detects $1.77 bn fraud

In what could be the biggest banking fraud in India, state-owned Punjab National Bank said it has detected a USD 1.77 billion scam in which billionaire jeweller Nirav Modi allegedly…

15 months after note ban, RBI still processing returned notes

15 months after note ban, RBI still processing returned notes

The RBI has said that Rs 500 and Rs 1,000 notes, returned to banks when the government demonetised high value currency 15 months ago, are still being “processed for their…

SBI reports Q3 net loss of Rs 1,887 cr

SBI reports Q3 net loss of Rs 1,887 cr

The SBI reported a massive Rs 1,886.57 crore net loss for the December quarter of current fiscal as its bad loans and provisions spiked. It had, in contrast, reported net…

Home loans taken prior to April 2016 may become cheaper

Home loans taken prior to April 2016 may become cheaper

Old home loans are likely to become cheaper with the RBI asking banks to link from April 1 the base rate with MCLR, which is more sensitive to policy rate…

RBI keeps policy rate unchanged

RBI keeps policy rate unchanged

The Reserve Bank kept the key policy rate unchanged at 6 per cent for the third consecutive time in view of firming inflation. The Monetary Policy Committee (MPC), headed by…

Banks to get Rs 5 lakh cr leeway via recap plan

Banks to get Rs 5 lakh cr leeway via recap plan

Public sector banks (PSBs) will get an additional leeway of Rs 5 lakh crore because of the government’s Rs 2.11 lakh crore recapitalisation plan coupled with the “ambitious reforms agenda”,…

Govt mulls Aadhaar like unique identity for biz: FM

Govt mulls Aadhaar like unique identity for biz: FM

The government will evolve a scheme to provide a unique identity to every enterprise in India on the lines of Aadhaar, Finance Minister Arun Jaitley said. “Aadhaar has provided an…

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