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Banks and borrowers to settle NPAs, hints Lavasa

Banks and borrowers will have to find credible ways between them to resolve the problem of bad loans, a top finance ministry official has said, hinting that the government might

Rupee declines 69 paise over Trump’s mounting troubles

The rupee on Thursday tumbled 69 paise against the dollar on concerns that US president Donald Trump could face an impeachment that triggered worldwide profit booking on riskier assets.

ZOMATO hacked, 17m user records stolen

Online restaurant guide and food ordering app Zomato on Thursday said about 17 million user records have been stolen from its database. The stolen information contains user email addresses

Britain’s state-rescued Lloyds bank back in private hands

British bank Lloyds, bailed-out by the UK government at the height of the financial crisis, said Wednesday that it had returned to full private ownership.
"Lloyds Banking Group has

Rs 2.6L cr of bank credit may slip in 12-18 months: Report

Domestic rating agency India Ratings and Research said on Wednesday the banking system has Rs 7. 7 lakh crore of unrecognised stressed loans in corporate and SME sector and expects

AllBank to restructure loan portfolio

After scripting a turnaround in March quarter of the previous fiscal, Kolkata-headquartered public sector lender Allahabad Bank (AllBank) is working on re-balancing its loan book by bringing down its exposure

NSEL investors get SFIO mail

The Serious Fraud Investigation Office (SFIO) has sent a detailed set of questionnaire to all the 1,300 investors in the National Spot Exchange (NSEL) as part of its investigation into

EPFO reduces claim settlement period to 10 days

Retirement fund manager EPFO has reduced the stipulated period for settlement of various claims such PF withdrawal, pension and insurance to 10 days from 20 at present.
In July 2015,

Banking clean up; hits and misses

In the last three years, the BJP government led by Narendra Modi initiated several banking sector reforms, which were a mix of hits and misses.
The government launched a massive

New policy assures 8% annual return

LIC on Tuesday launched a long-term endowment policy Jeevan Umang, that covers up to 100 years and offer a combination of income and protection, including an assured 8 per cent

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