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Sunday, November 3, 2024
TopicPrivate banks

Topic: private banks

Higher interest, processing fee — How banks are making hay amid Covid as customers take a hit

Manojit Saha -
From levying charges on cash deposit to processing fee on debt recast, both public and private lenders are finding a way to boost revenue.

Received indicative non-binding offer from Clix Group, says Lakshmi Vilas Bank

ANI -
The bank said that it will continue to share information on material developments as and when they materialise.

After HDFC & ICICI banks, Axis to now give salary hikes while others cut jobs and pay

Suvashree Ghosh -
Axis Bank Ltd. will increase staff salaries between 4% and 12% from October 1 based on performance, according to people with knowledge of the plans.

How government intervention is wrecking India’s banking system

ThePrint Team -
A summary of Episode 407 of #CutTheClutter where Shekhar Gupta explains why the government should move out of India’s banking system.

Private banks are also in trouble, Modi govt must act now to set up resolution capability

Ila Patnaik -
When private banks get into trouble, unsophisticated households lose their bank deposits. To protect them, a resolution corporation needs to be set up.

Rising consumption, enough loan demands — economy is looking up, says Nirmala Sitharaman

PTI -
Finance Minister Nirmala Sitharaman says second-half of fiscal year will be better as private lenders assure that consumption is happening

Millennials are not afraid of EMIs, Nirmala Sitharaman. They are borrowing and spending

Remya Nair -
Younger generation takes loans for everything — from buying an AC, fridge, TV, washing machine to high-valued items like cars.

More banking consolidations in India can lead to higher efficiency, say RBI researchers

Anirban Nag -
Researchers said state-run banks fared better than private ones as they slowed hiring and adopted technology.

Did pvt banks get more new currency during demonetisation? CVC begins probe

Kumar Anshuman -
The Central Vigilance Commission has also started an investigation into deposits made by government officials in the 40-day period of demonetisation.
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On Camera

YourTurn

Opinion

As a Hindu Canadian, I am deeply hurt by cancellation of Diwali. My community is now sidelined

Ritesh Malik -
Canada faces serious foreign interference issues, but these challenges must not be weaponized to unfairly target friendly and important allies like India.

Countdown to 2027 has begun. India must pick strategic alliance with US, balance with old friendships

AI can fix India’s reputation as a TB hub

Economy

Watch CutTheClutter: Flattening INR-USD rate, and debate on pros and cons of a ‘strong’ rupee

ThePrint Team -
In Episode 1544 of CutTheClutter, Editor-in-Chief Shekhar Gupta looks at some top economists pointing to the pitfalls of ‘currency nationalism’ with data from 1991 to 2004.

Defence

Indian firms sanctioned by US didn’t violate laws, says MEA. Hyderabad firm that supplied to Army on list

Keshav Padmanabhan -
Among 19 Indian firms sanctioned by US Treasury Dept was Lokesh Machines Ltd accused of coordinating with 'Russian defence procurement agent to import Italy-origin CNC machines'.

National Interest

Xi wanted to teach India about imbalance of power. We should take a budgetary lesson from it

Shekhar Gupta -
While we talk much about our military, we don’t put our national wallet where our mouth is. Nobody is saying we should double our defence spending, but current declining trend must be reversed.

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