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Government May Privatize Few Public Sector Banks

ET Prime has reported that Government May Privatize Few Public Sector Banks. It is believed that a selected group of top government officials has begun discussions on the proposal that originated from government think tank Niti Aayog. There are possibility...

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SBI Cuts 0.15% in Interest Rates, ‘SBI Veecare Deposit’ For Senior Citizens

SBI Rate Cuts by 0.15% - State Bank of India (SBI) has reduced its Fund's Marginal Cost Based Interest Rate (MCLR) by 0.15 per cent. Apart from this, this country's largest bank has also started a special deposit scheme with...

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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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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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No MSME Loan will be NPA Till 31st March 2020

Amazing ! Get a MSME loan from Public Sector Banks and don't pay interest for six months. Bank will not ask you anything. Whereas if you have taken a need based loan i.e. Personal or consumer loan or any other...

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Syndicate Bank, Only PSB Listed in CX+ Top 10 Retail Banks in India 2019

Kantar Releases CX+ India Retail Banking Report 2019 - The Kantar CX+ study on performance of Indian Banks were analyzed on the basis of 7,280 retail banking customers in India to find out which banks have the experience advantage. Syndicate...

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Government is considering tax on cash withdrawal

Government of India is considering introduction of tax on cash withdrawal on persons who withdraw more than Rs 10 lakh in a year. Government is also mulling implement ation of an Aadhaar based authentication for high-value cash withdrawals. Cash transaction...

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FM Said India needs Fewer and Bigger Banks

Finance Minister Arun Jaitley has once again advocated for the merger of more Public Sector Banks. He batted for merger at RBI Central Board post-budget meeting. He said that India needs fewer banks and mega banks which are strong to help...

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