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RBI will consider proposals for amalgamation when the state government makes a proposal to amalgamate one or more DCCB/s with the StCB after conducting a detailed study of the legal framework
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MFIs could again see credit costs in the range of 3-6% in FY22, if the early trends of the collection performance were to persist, according to India Ratings
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Canara Bank said the capital is slated to be raised through QIP, follow-on public offer, rights issue, preferential issue or any other means or a combination
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Apart from the gold loans, SBI's Xpress Credit, another retail loan segment, showed a 36.5% growth
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Reserve Bank's circular was inconsistent with the provisions of the Companies Act and would create hardship for businesses in times Covid, says CII
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Exim Bank is "cautiously optimistic" about growth in FY22, and is aspiring to grow its book by 7-12% on a currency neutral perspective
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LIC held 3.09% stake in UBI earlier, representing 19,79,23,251 equity shares of the bank
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The RBI Board also reviewed the current economic situation, global and domestic challenges, and recent policy measures taken by the Reserve Bank
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With a view to inculcate a sense of competition and to reward the performance, the concept of Performance Linked Incentive (PLI) scheme was introduced
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SC upheld the validity of the Centre's notification allowing banks to proceed against personal guarantors for recovery of loans given to a company under IBC.