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Google Now Launching – Debit Cards

Google next big product in the market - a co branded debit card with different banks like Citibank or Stanford Federal Credit Union. A report by TechCrunch reported that the Google is developing both physical and virtual debit cards that...

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People’s Bank of China picks up 1% shares in HDFC

The People’s Bank of China (PBoC) has purchased 1.75 crore shares or 1% in one of the largest housing finance lenders in India, HDFC Ltd. China has been buying stakes across major financial institutions in Asia amid the stock market...

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What 3 Months RBI’s moratorium on loan means for the borrowers ?

What does moratorium on loan mean ?  Moratorium period refers to the period of time during which you do not have to pay an EMI on the loan taken. This period is also known as EMI holiday. Usually, such breaks...

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SBI To File FIR Over Leaked Audio Tape of FM Meeting

An audio tape was leaked on Whatsapp and Facebook of FM pulling up SBI Chairman for ill efficient - A day after a controversy erupted over finance minister Nirmala Sitharaman pulling up SBI executives led by chairman Rajneesh Kumar, the...

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DICGC, Bank Deposit Insurance Cover Hiked to Rs 5 Lacs

DICGC Bank Deposit Cover Hiked to Rs 5 Lacs from existing Rs 1 lacs per bank in Union Budget 2020 - Union Finance Minister had proposed to hike the bank deposit insurance in scheduled commercial banks to Rs 5 lakh...

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No NEFT, RTGS Transfer Charges on Saving Accounts across banks, RBI Issues Order

There will not be any charges on NEFT and RTGS done through the saving account. Recently RBI had made National Electronic Funds Transfer (NEFT) system 24x7,in addition to this the Reserve Bank of India (RBI) has now instructed banks to...

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LIC earns over Rs 14,000 crore profit from stock markets

LIC Income zoomed by 14000 crore from Indian Stocks market - Life Insurance Corporation of India (LIC), the country’s largest financial institution with a corpus of over Rs 31 lakh crore, has booked a profit of over Rs 14,000 crore...

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Ex FM Supports Public Sector Banks,Says Private Sector is Full of Scandals

Golden words for Public Sector Banks, Union minister Piyush Goyal batted for PSBs and siad that privatisation is not the panacea for all the ills facing the economy as the private sector is plagued with more scandals than their state-run...

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