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RBI stays on sideline as rupee hits 20-month low

Traders believe the RBI will step in more strongly, if the rupee starts falling towards 65 The Reserve Bank of India's limited intervention during the rupee's slide to 20-month lows against the......

SBI limits free ATM transactions to 5, will others follow?

Even as State Bank of India, the country's largest lender, has decided to charge its customers for more than five transactions through automated teller machines (ATMs), private sectors banks......

IDBI Bank to arrange $1bn for Air India's jet buy

Public-sector lender IDBI Bank will lead a consortium in arranging $1 billion needed to bail out national carrier Air India. The state-owned airline has been struggling to arrange funds for......

IDBI to hire 2,000 officers in 6 months

The state-owned IDBI Bank is in the process of recruiting 2,000 supervisory officers in the next six months to support the expansion of its branch network, said Chairman and Managing Director......

IDBI Home Finance sale faces hurdles

The IDBI Bank board will meet on Friday to decide if the bank should sell its wholly-owned subsidiary, IDBI Home Finance, to Dewan Housing Finance Corporation at a valuation that is below what has......
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Govt to bring Bonus Act amendment bill

Government will introduce a bill in the ongoing winter session to amend the Bonus Act, 1965, Prime Minister Narendra Modi told Parliament on... ...
Indian companies boost green bond offerings on govt's clean-energy push

* Private and public sector borrowers tap market * Strong issuance growth seen to fund renewable energy needs * Policy push key driver of... ...
Only three students received education loan in last four months

NPAs fear blocked Government's online initiative of education loan disbursement Representational Image Four months ago, the Central... ...
Sensex gains 50 points, reclaims 26K, Nifty tests 7,900; GAIL slips 2%

NEW DELHI: The S&P BSE Sensex reclaimed its crucial psychological level of 26000 in morning trade on Friday, led by gains in L&T, ICICI Bank, Tata... ...
IOB's Rs 3k-cr loans under FinMin scanner

NEW DELHI: The finance ministry is looking into loans worth Rs 3,000 crore that Indian Overseas Bank (IOB) paid out in the first half of this year.... ...

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