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The Reserve Bank of India has switched some 30 banks to risk-based supervision, giving up the existing CAMELS (capital adequacy, asset quality, management, earnings,...
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The law ministry is working on amendments to the Legal Services Authority Act that woudl see setting up of permanent lok adalats by banks...
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Wells Fargo has opened an office in Aberdeen, Scotland as it plans to expand its presence internationally. The bank, which has historically been almost...
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Dubai Islamic Bank, the largest sharia-compliant lender in the emirate, is in talks with a publicly-listed Islamic bank in Indonesia to take a 40%...
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U.S. prosecutors are envisaging filing criminal charges against two large foreign banks – for allegedly skirting economic sanctions against Iran in the case of...
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State Bank of Pakistan has formulated an extensive five-year strategy to promote Islamic banking in the country. Deputy governor of the central bank Saeed...
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State Bank of India has signed up Reliance Money Infrastructure (RMIL), an Anil Ambani Group company, in a business correspondent deal to source a...
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Gold loan company Muthoot Finance has sought permission from the Reserve Bank of India to pre-load part of gold loans in dedicated cards. A...
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The Reserve Bank will shortly issue Rs 100 denomination bank notes incorporating symbol on the obverse and reverse, with inset letter L in both...
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The government’s Foreign Investment Promotion Board (FIPB) has rejected HDFC Bank’s proposal to increase foreign portfolio investment limit for the bank. This could lead...
