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Citibank likely to hive off consumer banking business in India

In India, it is not easy to fight it out with the large banks which are nimble-footed and technology-savvy and are continuously innovating on the retail turf with newer products for customer......

Getting compensation for tech glitches could be a tough task for investors

Lawyers say compensation may be an uphill task for investors because of a lack of judicial precedent and broader institutional difficulties. Illustration: Uttam Ghosh/Rediff.com Mahesh Chauhan*......

Borrowers spoilt for choice as banks cut loan rates

Low home loan rates by banks could put large players in an advantageous position over smaller non-bank players, believe analysts. Illustration: Uttam Ghosh/Rediff.com Banking giants State Bank of......

HDFC Sec says tech glitch resolved; mkt operations normal

Leading stock exchanges NSE and BSE on Monday said all their operations are functioning in a normal manner after HDFC Securities flagged that confirmations were not received for orders placed in......

HDFC Sec halts cash trading on NSE for brief while over tech glitch

Domestic brokerage HDFC Securities blocked trading in NSE's cash segment for its clients for a limited period due to a “technical glitch”. Photograph: Danish Siddiqui/Reuters. Largest......

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Citibank likely to hive off consumer banking business in India

In India, it is not easy to fight it out with the large banks which are nimble-footed and technology-savvy and are continuously innovating on the... ...

http://www.rediff.com/money/report/citi-may-hive-off-consumer-banking-business-in-india/20210308.htm

How Paytm has harnessed UPI and merchant transactions for a comeback

Raghav Kumar (name changed), the owner of a small grocery shop in a northern residential suburb of Bengaluru, started using quick-response codes... ...

https://economictimes.indiatimes.com/prime/fintech-and-bfsi/with-merchants-driving-transactions-growth-paytms-payments-bank-may-well-be-rejuvenating-the-brand/articleshow/81379173.cms

India SIR and HDFC Home Loans come together to offer benefit to luxury home buyers

The selection of properties on showcase will comprise of properties from Delhi’s most sought after markets, Jor Bagh, Vasant Vihar, New Friends... ...

https://economictimes.indiatimes.com/industry/services/property-/-cstruction/india-sir-and-hdfc-home-loans-come-together-to-offer-benefit-to-luxury-home-buyers/articleshow/81364030.cms

With spike in gilt yields, FD rates inch up too

Alarmed by the increase in bond yields, Indian Railways Finance Corporation and National Cooperative Development Corporation cancelled bond issues.... ...

https://economictimes.indiatimes.com/wealth/personal-finance-news/with-spike-in-gilt-yields-fd-rates-inch-up-too/articleshow/81361848.cms

Home loan rate cuts by key lenders to help push housing sales momentum further

The country’s largest private mortgage lender HDFC has reduced the interest rate on its home loans to 6.75% from 6.8%. This reduction in home... ...

https://economictimes.indiatimes.com/industry/services/property-/-cstruction/home-loan-rate-cuts-by-key-lenders-to-help-push-housing-sales-momentum-further/articleshow/81352163.cms

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