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SBI reduces savings rate, sets stage for RBI rate cut

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Mumbai: State Bank of India (SBI) cut the interest rate on savings accounts with balance of up to Rs1 crore by 50 basis points to...

Bandhan Bank Q1 net profit up 35% but stressed assets double

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Kolkata: Bandhan Bank’s stressed assets at the end of June almost doubled on a sequential basis, as loan waivers in Uttar Pradesh and Maharashtra triggered...

Axis Bank gets burnt yet again by divergence explosion

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Not more than six months ago, banks were caught with red on their ledgers when the Reserve Bank of India (RBI) forced lenders to...

Bandhan bank – Deposit franchise holding up well, but asset quality...

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 Bandhan has witnessed minimal disruption as of now in retail/institutional deposits, mainly due to inflows in one a/c to offset outflows from another. In...

China Forex Reserves Fall to Lowest Since May 2012

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Beijing: China's foreign reserves fell for a third straight month in January, as the central bank dumped dollars to defend the yuan and prevent...

cCost of credit, NPA positioning restricting banks to cut MCLR: SBI

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MUMBAI: The SBI on Thursday said that though the Marginal Cost of Funds-based Lending Rate (MCLR) is expected to be in tandem with the...

10 Public Sector Banks Have Submitted Turnaround Plans: Government

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New Delhi: As many as 10 state-owned banks including Bank of India, IDBI Bank and Union Bank, have submitted their turnaround plans to the...
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