Latest News for: New delhi bank

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Axis Bank trades at 30% discount to ICICI. Analysts see up to 64% upside

The Times of India 01 Dec 2021
NEW DELHI. Axis Bank's valuation discount to ICICI Bank ... Axis Bank logged its highest quarterly profit at Rs 3,133 crore (up 86 per cent YoY) in the September quarter and reported its lowest ...
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India’s cryptocurrency enthusiasts call New Delhi’s bluff on ban

Al Jazeera 01 Dec 2021
New Delhi, India – Saurabh Shah, a 26-year-old ... In a world, where currencies are constantly getting debased, investment in crypto makes for an obvious hedge.” New Delhi has proposed the creation of a new digital currency issued and regulated by the Reserve Bank of India [File.
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Food producers need a greater voice in global climate forums,

Business Ghana 01 Dec 2021
She has held various positions at the Finnish Ministry for Foreign Affairs, including as Director-General for Development Policy, Director for the Unit for Development Finance, and at Finland's embassies in New Delhi and Dar es Salaam. She was also Executive Director at the World Bank, where she represented Nordic and Baltic countries.
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Reliance Capital welcomes RBI's decision, blames complexity of litigation for defaults

Beijing News 30 Nov 2021
New Delhi , November 30 (ANI). Reliance Capital Limited welcomed the Reserve Bank of India's (RBI) decision to resolve the company's debt in accordance with the Insolvency and Bankruptcy (IBC) Code ... As per RCL, the company has no outstanding loans from banks and approx 95 per cent of its debt is in the form of debentures.
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LIC gets RBI approval to raise stake in Kotak Mahindra Bank

Sify 30 Nov 2021
New Delhi. Life Insurance Corporation (LIC) has received approval from the Reserve Bank of India (RBI) to increase its stake in the Kotak Mahindra Bank ... The approval of the central bank will be valid for one year.
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Bank officers’ union launches nationwide movement against privatisation

Indian Express 30 Nov 2021
Bank Bachao Desh Bachao Rally’ was held at New Delhi’s Jantar Mantar on Tuesday attended by officers and other stakeholders from various parts of the country, the All India Bank OfficersConfederation (AIBOC) said in a statement.
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MP asks why netas are denied bank loans for being ‘politically exposed’, FM says no such stated policy

The Times of India 30 Nov 2021
NEW DELHI. Flagging how banks are reluctant to give loans to politicians including MPs as they fall under the category of “politically exposed people”, BJP MP G V L Narsimha Rao on Tuesday urged the finance ministry to remove this stigma, which is also an “insult”.
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RBI imposes Rs 1 crore penalty on Union Bank of India for non-compliance with certain ...

Beijing News 30 Nov 2021
New Delhi , November 29 (ANI). The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs 1 crore on the Union Bank of India (UBI) for non-compliance with certain provisions of its directions relating to fraud classification and reporting and sale of stressed assets.
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SAT quashes NSE's directive to Axis Bank in Karvy case

The Times of India 30 Nov 2021
New Delhi, In a relief to Axis Bank, the Securities Appellate Tribunal (SAT) has quashed a direction issued by NSE that funds lying in the bank account of Karvy Stock Broking are the assets of the exchange's defaulter committee. The order came after Axis Bank challenged the ...
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Paytm Payments Bank launches Paytm Transit Card

Live Mint 29 Nov 2021
NEW DELHI. Paytm Payments Bank Limited on Monday announced the launch of Paytm Transit Card, keeping in mind the vision of one nation, one card ... “The launch of the transit card is aligned with the bank’s initiatives to bring out products that make banking and transactions seamlessly operable for all Indians," Paytm Payments Bank said in a statement.
photo: Creative Commons / Pixabay/ Sajad Nori
Bitcoin is a decentralized digital currency, without a central bank or single administrator, that can be sent from user to user on the peer-to-peer bitcoin network without the need for intermediaries, May 21, 2021.
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RBI working on introducing central bank digital currency: finance ministry

Live Mint 29 Nov 2021
New Delhi. The Reserve Bank of India (RBI) is working on a plan to introduce a central bank digital currency in phases, given its benefits, the finance ministry told the Lok Sabha on Monday ... Premium Premium Delhi ... Premium How dangerous is Omicron variant? WHO shares new varian ...
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RBI's recent norms may spike NPAs for NBFCs, says ICRA

Sify 29 Nov 2021
New Delhi. The Reserve Bank of India's recent notification on income recognition, asset classification, and provisioning norms for banks, non-banking financial institutions, and all-India financial institutions may lead to a sharp spike in the non-performing assets (NPAs) for non-banking finance companies, ICRA said.
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IndusInd Bank gains 4% as RBI’s new pvt lender norms pave way for Hindujas to up stake

The Times of India 29 Nov 2021
NEW DELHI. Shares of IndusInd Bank ... promoter holding of up to 26 per cent in private sector banks.
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RBI supersedes Reliance Capital board, to start insolvency process

Beijing News 29 Nov 2021
New Delhi , November 29 (ANI). The Reserve Bank of India ... The bank said it will also move NCLT, Mumbai, for appointing the Administrator as the Insolvency Resolution Professional.
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PNB to pick up 9.5% stake in Open Network for Digital Commerce

The Times of India 29 Nov 2021
New Delhi. Public sector Punjab National Bank ... The Delhi-headquartered lender said its participation in ONDC is 9.5 per cent ...
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