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States' loan guarantee more than triples since FY17 to Rs 9.4 lakh crore in FY23

States' loan guarantee more than triples since FY17 to Rs 9.4 lakh crore in FY23

Sun, Jan 21, 2024

The total loan guarantees extended by the 17 major states to their entities have more than tripled to Rs 9.4 lakh crore as of FY23 from Rs 3 lakh crore in FY17.

Citigroup profit to take $3.8 billion hit on charges, reserves

Citigroup profit to take $3.8 billion hit on charges, reserves

Thu, Jan 11, 2024

The company recorded a charge of about $1.7 billion to replenish a Federal Deposit Insurance Corp fund that was drained after the collapses of Silicon Valley Bank and Signature Bank.

Citi expects lower stress in financial sector but sees risk build-up in consumer credit

Citi expects lower stress in financial sector but sees risk build-up in consumer credit

Fri, Dec 29, 2023

Recently, the RBI, to mitigate the heightened systemic risk amid the unprecedented growth in unsecured loans, has increased the risk weights associated with unsecured loans by 25 per cent for both banks as well as NBFCs.

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Final Trade: Know how market performed on 4th February , 2019

Final Trade: Know how market performed on 4th February , 2019

Mon, Feb 04, 2019

Know how the market performed on 4th February , 2019. Watch this segment to get all updates related to stocks and shares.

Money Alert! ATMs, bank branches hurting rural India; this is how

Money Alert! ATMs, bank branches hurting rural India; this is how

Thu, Jul 19, 2018

Rural people are struggling to enjoy welfare benefits announced by the government due to shortage of ATMs and bank branches, a Bloomberg report said.

Rs 16,000 cr scam: How Bharana duped banks; who lost and how much revealed here

Rs 16,000 cr scam: How Bharana duped banks; who lost and how much revealed here

Tue, Apr 17, 2018

Bank details and documents forwarded to the Enforcement Directorate (ED) by the Prime Minister’s Office (PMO) accessed by DNA has revealed that Delhi-based industrialist Hem Singh Bharana (55) duped almost all leading Indian banks in the country.

How CIBIL score can ruin your chance of getting loan?

How CIBIL score can ruin your chance of getting loan?

Sat, Feb 03, 2018

Personal loans being unsecured, which makes them more risky for banks, a good CIBIL score is main requirement .

These rules of SBI will change from October 1

These rules of SBI will change from October 1

Sat, Sep 30, 2017

India's biggest bank SBI has changed some of its rule to give some benefit to its customers. These changed rules will come in effect from October 1. Watch to know these rules. About Zee Business --------------------------

ICICI Bank launches 'Mera iMobile' app for rural customers; here's how it works

ICICI Bank launches 'Mera iMobile' app for rural customers; here's how it works

Mon, Mar 20, 2017

Chanda Kochhar, Managing Director & CEO of ICICI Bank said, “ With the new ‘Mera iMobile’, we will offer our rural and semi-urban customers a unique and unparalleled experience in their interactions with the bank. "

Lloyds looks to move 1,900 staff to IBM to cut costs

Lloyds looks to move 1,900 staff to IBM to cut costs

Mon, Mar 13, 2017

Chief Executive Officer Antonio Horta-Osório is looking to shed thousands of jobs to streamline the business, support dividend payments and boost the share price as the government prepares to sell down its remaining stake in the bank this year.

HSBC's India headcount rises by 4,000 despite global drop

HSBC's India headcount rises by 4,000 despite global drop

Sun, Feb 26, 2017

"Our main centres of employment were the UK with approximately 45,000 employees, India 37,000, Hong Kong 29,000, mainland China 24,000, Mexico 16,000, the US 13,000 and France 9,000," HSBC has said in its latest annual report.

EPFO introduces common form for different types of withdrawal

EPFO introduces common form for different types of withdrawal

Wed, Feb 22, 2017

"To add further convenience, these forms (different form for various advances and withdrwals) now have been further simplified and replaced with a single page Composite Claim Form (Aadhar). This new Composite Claim Form (Aadhar), can be submitted without the attestation of employers," EPFO said in statement.

IDBI Bank employees to strike on Monday

IDBI Bank employees to strike on Monday

Sun, Feb 05, 2017

"The conciliation meeting was held in Mumbai for the past three days but despite the reasonable stand of the Union (All India IDBI Employees Association) to find an amicable solution, the IDBI management took a negative approach. As a result there was no agreement forcing the union to go on strike," C.H.Venkatachalam, General Secretary, AIBEA told IANS on Sunday.

Tax dept scans 1-crore accounts under 'Operation Clean Money'

Tax dept scans 1-crore accounts under 'Operation Clean Money'

Sun, Feb 05, 2017

"We have initially matched 1-crore accounts with the profile in our database and identified 18 lakh people with suspicious deposits of over Rs 5 lakh. We will expand the scope of data analytics further and match the profiles with our data base," the source told PTI.

Deutsche Bank says 'sorry' in full-page German newspaper ads

Deutsche Bank says 'sorry' in full-page German newspaper ads

Sun, Feb 05, 2017

The ad, signed by CEO John Cryan, ran today in German newspapers including the Frankfurter Allgemeine Zeitung and the Munich-based Sueddeutsche Zeitung. The bank said its past conduct "not only cost us money, but also our reputation and trust."

Edmond de Rothschild to close Hong Kong operations

Edmond de Rothschild to close Hong Kong operations

Thu, Dec 08, 2016

Swiss private bank Edmond de Rothschild is closing its Hong Kong operations, according to three people familiar with the matter, more than two decades after it opened shop in the former British territory and as costs in the wealth management industry bite.

IndusInd Bank's Q1FY17 net profit rises by 26% to Rs. 661 crore

IndusInd Bank's Q1FY17 net profit rises by 26% to Rs. 661 crore

Mon, Jul 11, 2016

The bank reported net profit of Rs. 661.38 crore, witnessing growth of 26% yoy (year-on-year) and 6.61% qoq (quarter-on-quarter) led by strong performance from retail banking.

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