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CCI approves DHFL merger and two subsidiaries

CCI approves DHFL merger and two subsidiaries

The merger is not likely to have appreciable adverse impact on competition in India. CCI has initiated a separate proceeding on imposing a penalty under the Competition Act as the…

Banks going to cut automobile loan rates

Banks going to cut automobile loan rates

An aggressive public sector competitor and hopes of a possible rate cut by the central bank in the new year have prompted top auto financial companies to either cut auto…

RBI cut rate by 50 bps in Jan to March

RBI cut rate by 50 bps in Jan to March

The Reserve Bank of India is likely to lower key interest rates by 0.75 per cent next year with a strong possibility of a 0.50 per cent cut during the…

NBFCs allowed to migrate: New standard cheques till March

NBFCs allowed to migrate: New standard cheques till March

Borrowers from non banking finance companies now have time till March 31 to replace their old system bank cheques with new ones, with added security features for their EMI payments.…

Banking services partially affected by Flash strike

Banking services partially affected by Flash strike

Banking services were partially affected on thursday across the country as more than six lakh public sector employees went on flash strike as part of their protest against the clearing…

In Mumbai: Vijaya Bank conducts loan mela for MSMEs

In Mumbai: Vijaya Bank conducts loan mela for MSMEs

The purpose for the mela was to encourage the Micro, Small and Medium Enterprises sector and boost the Indian economy. Public sector lender Vijaya Bank organized a MSME loan mela…

With in two days: HDFC Bank commissioned six branches

With in two days: HDFC Bank commissioned six branches

HDFC Bank commissioned six branches in Jammu with in two days taking its branch network to 49 in J and K with 130 ATMs. The branches were commissioned at Poonch,…

RBI leaves key rate unchanged: shifts focus to growth

RBI leaves key rate unchanged: shifts focus to growth

The Reserve Bank of India left the key policy rate unchanged in its mid quarter monetary policy. With this status quo in the policy action, repo rate stood at 8…

Kisan Credit Smart Card: From IDBI Bank

Kisan Credit Smart Card: From IDBI Bank

A public sector universal bank,in association with National Payment Corporation of India has launched the Kisan Credit Smart Card. KCSC is a credit delivery innovation for providing adequate and timely…

In 2013:Australian Banks to see off slowdown

In 2013:Australian Banks to see off slowdown

Australian banks are in a strong position to see off a slowdown in the economy in 2013, based on their strengthened balance sheet and solid profitability. This is reflected in…