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Reserve Bank of India will soon define what constitutes deposits for financial entities other than banks and NBFC companies. Deputy governor R. Gandhi said...
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The finance ministry is considering having separate positions of chairman and managing director for public sector banks. This, the ministry feels, will strengthen corporate...
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Orix, a Japan-based diversified financial services firm, is interested in buying the 8.34% stake owned by Central Bank of India in IL&FS. There are...
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The number of South Koreans doing their banking via mobile devices jumped 24% from a year ago and now makes up more than half...
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US private equity firm TPG is acquiring up to 75% of Union Bank of Colombo for $117 million. This will be the largest ever...
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HSBC Holdings has been sued for $250 million for allegedly ignoring red flags that a British entrepreneur, the late David Elias, was committing fraud...
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The Reserve Bank of India said all transactions involving domestic credit cards must follow rules requiring additional verification. While the central bank did not...
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T.M. Bhasin, CMD, Indian Bank, has been elected as chairman of Indian Banks Association for 2014-15. He takes over from K.R. Kamath, who is...
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Protagonists of crypto currencies had a bad experience recently. Their euphoria went for a toss when the market price of bitcoins crashed to sub-...
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U.S. Public Interest Research Group, a taxpayer watchdog group, said the $16.65 billion Bank of America settlement will cost taxpayers at least $4 billion...
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