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For ASBA: Use your account in other banks

For ASBA: Use your account in other banks

The Securities and Exchange Board of India has asked banks providing Application Supported by Blocked Amount facility for public offers to use their accounts in other registered banks while making…

RBI Draft released: Working Group on Gold

RBI Draft released: Working Group on Gold

The Working Group was assigned with the task of studying whether large gold imports of India are a threat to external stability. The Working Group was also asked, among other…

Loan restructuring plan for SMEs: Dena Bank

Loan restructuring plan for SMEs: Dena Bank

Dena BankBSE 1.46 % will work out a loan restructuring package for small and medium enterprises, the lifeline of the mid sized state run lender, as it attempts to regain its…

Mobile wallet Mobicash Easy launched by SBI

Mobile wallet Mobicash Easy launched by SBI

State Bank of India on Monday launched Mobicash Easy, a mobile wallet in Mumbai and Delhi with service offerings like funds transfer and bill payment among others. We have launched…

HDFC Bank Reduces Lending Rates by 0.1%

HDFC Bank Reduces Lending Rates by 0.1%

  HDFC Bank has become the first bank to cut lending rate ahead of RBI’s quarter review of monetary policy on January 29 . RBI has already indicated that it…

April 1 to January 1- 2013 :RBI postpones Basel III implementation date

April 1 to January 1- 2013 :RBI postpones Basel III implementation date

The Reserve Bank of India has rescheduled the start date for implementation of Basel III to April 1,2013 from January 1,2013. India will also closely monitor the progress on Basel…

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.…