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The parliamentary standing committee headed by former finance minister Yashwant Sinha has proposed a unified and independent regulator to govern microfinance institutions (MFIs), along...
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PNC Financial Services Group, the second-largest U.S. regional bank, is expanding its commercial banking services in Canada. The Canada’s Office of the Superintendent of...
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Credit Suisse is scrapping a scheme that linked bonuses to risky assets after the plan clashed with capital regulations. The 5,500 senior bankers who...
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Property loans given by Ulster Bank will be acquired by Hibernia REIT. The total value of these loans is €67 million. The portfolio features...
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Dubai-based Mashreq group is to allow foreign investors own up to 49% of its capital. The move is part of the bank’s preparation for...
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Public sector banks hired nearly 3 lakh personnel, 94,000 of them officers, in the last four years. The Indian Banks Association, which released data...
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The World Bank Findex Survey (2012) says only 35% of Indian adults had access to a formal bank account and 8% borrowed formally in...
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Citigroup has ruled out establishing a separately capitalized subsidiary in India in the light of regulatory changes allowing foreign banks to set up subsidiaries...
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HDFC Bank has launched its toll-free banking service which will help customers in carrying out six basic banking transactions just by dialling the numbers....
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The government has committed to infuse an additional capital of around Rs 800-Rs1,000 crore into United Bank of India, which is facing a major...
