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NPCI scrambles to issue RuPay cards as Jan Dhan accounts zoom

Although close to 4 crore bank accounts have been opened under the Jan Dhan scheme so far, there is a huge backlog in the issuance of the Rupay cards by

Rajan frowns on 'subsidising' foreign education loans

Calling for a re-think on easy credit, RBI Governor Raghuram Rajan has said banks are actually subsidising student education loans for overseas studies under the priority sector lending (PSL) segment.

Bajaj Finance housing arm aims to give Rs 2k cr home loans in FY16

Non-banking financial services player Bajaj Finance, which is gearing to launch a dedicated housing finance subsidiary next fiscal, aims to disburse up to Rs 2,000 crore in home loans to

SBI associate banks to raise Rs 33k cr capital in next 5 yrs

Five associates of State Bank of India (SBI) would raise about Rs 33,000 crore capital to meet global risk norms -- Basel III -- in the next five years.

"It

Portable PF account number to be launched on Oct 16

Retirement fund manager EPFO's ambitious project to provide portable universal PF account numbers (UAN) to its subscribers will be launched on October 16.

Besides, the government will launch unified web

J&K floods to have 'minimal' impact on LIC, says its chairman

Life Insurance Corporation, which has nearly 13 lakh customers in flood-ravaged Jammu & Kashmir, has said the financial impact of the massive tragedy would be "very minimal" on the company.

Gold hits 14-month low, dips below 27k level

Extending its losses, gold prices on Saturday dipped below the Rs 27,000-mark by losing Rs 40 to trade at about 14-month low of Rs 26,970 per ten gram in the

Gold hits 14-month low, dips below 27k level

Extending its losses, gold prices on Saturday dipped below the Rs 27,000-mark by losing Rs 40 to trade at about 14-month low of Rs 26,970 per ten gram in the

Bill & Melinda Gates Foundation offers to help monitor PMJDY

Bill & Melinda Gates Foundation (BMGF) has offered to help in monitoring of the progress made with regard to Pradhan Mantri Jan-Dhan Yojana (PMJDY), the flagship financial inclusion scheme of

ING Vysya's heads of operations, retail banking quit

Private sector lender ING Vysya today said its heads for operations and branch banking have quit, and have announced their replacements.
Head of operations A Meenakshi will be leaving the

  • Payout on Franklin Templeton plan

    FT Capital Protection Oriented plan has announced up to 100 per cent of distributable surplus as dividend.

  • Canara Robeco declares dividend

    Canara Robeco Interval Series 2 has declared up to 100 per cent of distributable surplus as dividend.

  • Payout on HSBC MF plan

    HSBC Mutual Fund has declared up to 100 per cent of distributable surplus as dividend on HSBC Fixed Term Series 30.

  • Dividend on Kotak MF

    Kotak Mutual Fund has announced up to 100 per cent of distributable surplus as dividend on Quarterly Interval Plan Series 8.

  • UTI Mutual Fund declares dividend

    UTI MF has declared up to 100 per cent of surplus as dividend on UTI Quarterly Interval Fund Series IV.

  • Payout on Bharti AXA scheme

    Bharti AXA Mutual Fund has declared dividend on weekly frequency on Bharti AXA ST Income Fund.

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