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SBI to sell Rs 230-crore NPAs with up to 79% haircut
State Bank of India (SBI) on Tuesday put on sale four non-performing assets (NPAs) worth Rs 230 crore on a 100% cash basis, with reserve prices implying haircuts of up to 79% for the accounts.
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Central Bank of India MD says looking at profitability in FY20
Central Bank of India, still under the prompt corrective action (PCA) framework, is working towards profitability in FY20, and making efforts to turn a profit in Q1FY20, managing director and CEO Pallav Mohapatra tells Mitali Salian.
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RBI turns down small finance banks request to dilute listing norms - Business Standard
RBI turns down small finance banks request to dilute listing norms Business StandardThe Reserve Bank of India (RBI) has put its foot down and told small finance banks (SFBs) that it will not relax listing norms for them. The current norms stipulate ...
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Six personal-finance hacks that aren’t easy but promise a big payoff - MarketWatch
via marketwatch.comSix personal-finance hacks that aren’t easy but promise a big payoff MarketWatchCollaborative Fund's Morgan Housel on how to move the needle when it comes to your money.
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Opinion: Six personal-finance hacks that aren’t easy but promise a big payoff - MarketWatch
via marketwatch.comOpinion: Six personal-finance hacks that aren’t easy but promise a big payoff MarketWatchOUTSIDE THE BOX By Morgan Housel Collaborative Fund’s Morgan Housel on how to move the needle when it comes to your money Attending a state college is an example of a high-efficiency service that students should take advantage of. AP (This column was published with the permission of Morgan Housel, a partner at Collaborative Fund. Follow him on Twitter @morganhousel.) Hacks are hard bec
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Workday's 35% Surge to Record Faces Key Test on Finance Results - Bloomberg
via bloomberg.comWorkday's 35% Surge to Record Faces Key Test on Finance Results BloombergWhile Workday Inc. is best known for its human resources software, Wall Street's focus will be on the momentum behind its finance products when the company ...
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RBI extends RTGS timing from 4.30 pm to 6 pm
Timings for fund transfer through RTGS have been extended by one-and-a-half hours to 1800 hrs for the general public from June 1, the Reserve Bank of India said Tuesday.
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Lakshmi Vilas Bank Q4 net loss narrows to Rs 264 crore
Private lender Lakshmi Vilas Bank Tuesday reported a lower net loss of Rs 264.43 crore for the quarter ending March 2019 compared to Rs 622.25 crore in the year-ago period due to a decline in provisioning for bad loans.
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Blackstone Majority-Owned Indian Tech Firm Partners With Bitfury on Trade Finance Project - Cointelegraph
Blackstone Majority-Owned Indian Tech Firm Partners With Bitfury on Trade Finance Project CointelegraphIndian tech firm Mphasis — majority-owned by the American multinational private equity firm Blackstone Group — has partnered with blockchain tech giant ...
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CCI dismisses complaint against Indiabulls Housing Finance - Moneycontrol.com
via moneycontrol.comCCI dismisses complaint against Indiabulls Housing Finance Moneycontrol.comThe Competition Commission has dismissed a complaint alleging unfair and discriminatory trade practices by Indiabulls Housing Finance and several of its ...
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Auxilo Finserve enters Gujarat with finance of Rs 100 crore in education - The Hindu BusinessLine
Auxilo Finserve enters Gujarat with finance of Rs 100 crore in education The Hindu BusinessLineIt offers loans that cover up to 100 per cent of the financing for pre-admission requirements, tuition fees, pre-visa disbursal as well as air-travel fare.
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Auxilo Finserve enters Gujarat with finance of Rs 100 crore in education - BusinessLine
Auxilo Finserve enters Gujarat with finance of Rs 100 crore in education BusinessLineAuxilo Finserve Private Limited, an education ecosystem non-banking financial company (NBFC), on Tuesday, announced its foray into Gujarat to cater to burgeoning education financing market. A Reserve Bank of India (RBI) registered and approved NBFC, the Mumbai-based firm has earmarked Rs 100 crore to be disbursed as education loans by FY 2021 to fulfil two major education financing requirements, namel
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World Bank to invest $35 million in Manapurram Finance - Economic Times
World Bank to invest $35 million in Manapurram Finance Economic TimesMUMBAI: International Finance Corporation (IFC), a member company of the World Bank group, will invest $35 million in Manappuram Finance in a bid to tap ...
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SBI Student Scholar Loan Offers 100% Finance for Pursuing Higher Education; More Benefits for Students Inside... - Krishi Jagran
via krishijagran.comSBI Student Scholar Loan Offers 100% Finance for Pursuing Higher Education; More Benefits for Students Inside... Krishi JagranThe country's largest lender, State Bank of India (SBI) offers different types of education loans to cover various needs of the students. Some of them are Scholar ...
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World Bank arm IFC to loan $35 mn to Manappuram Finance - Moneycontrol.com
via moneycontrol.comWorld Bank arm IFC to loan $35 mn to Manappuram Finance Moneycontrol.comWorld Bank arm IFC May 28 announced maiden help for a gold loan company, committing $35 million to Manappuram Finance in a three-year loan.
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IFC to invest $35 million in Manappuram Finance - Livemint
via livemint.comIFC to invest $35 million in Manappuram Finance LivemintMumbai: IFC, a sister organisation of the World Bank, will invest $35 million in Manappuram Finance Limited (MFL) to help low-income households and small ...
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Brexit helps New York take top finance spot from London: survey - Reuters
via in.reuters.comBrexit helps New York take top finance spot from London: survey ReutersFallout from Brexit has helped New York overtake London to become the world's pre-eminent financial center, a survey of financial executives by Duff & Phelps ...
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Tougher liquidity norms may help HDFC, Bajaj Finance and L&T Fin to outperform - Economic Times
Tougher liquidity norms may help HDFC, Bajaj Finance and L&T Fin to outperform Economic TimesThe central bank's proposal to enforce strict liquidity norms on NBFCs should help companies backed by large parent groupings and strong credit rating, such as ...
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Piyush Goyal may become full-time Finance Minister, Arun Jaitley ‘Minister Without Portfolio’: Report - The Financial Express
Piyush Goyal may become full-time Finance Minister, Arun Jaitley ‘Minister Without Portfolio’: Report The Financial ExpressPiyush Goyal, one of the best performing ministers in the previous Modi government, had presented the interim Budget during his term as Finance Minister.
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Deposit rates, lending rates expect to remain stable over the near term
As per the latest data by RBI, term deposit rates were flat m-o-m in March 2019 at 6.9%.