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Banks may seek special provisions for MSMEs under RBI draft rules for the infrastructure sector

The communication from the banks is likely to be spearheaded by the Indian Banks Association. ....

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N Vaghul, banker who built ICICI brand, dies at 88

India Business News: N Vaghul, a banking industry pioneer, passed away at 88 in Apollo hospital. He redefined ICICI, India's second-largest bank, and earned the Padma Bhus ....

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Banks report robust treasury income in Q4 on easing bond yields

Bond yields eased due to heavy inflows by foreign investors after JPMorgan said last year it would include Indian bonds in a global bond index. ....

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RBI asks lenders to be fair and transparent in dealing with borrowers

Reserve Bank of India (RBI) has asked lenders to be transparent in their dealings with borrowers and show fairness while charging interest on loans, even as they enjoy complete freedom in the pricing ....

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Indian banks' loans rose 20.2% y/y in two weeks to March 22

Indian banks' loans rose 20.2% in the two weeks to March 22 from a year earlier, while deposits rose 13.5%, the Reserve Bank of India's weekly statistical supplement showed on Friday. Outstanding loans rose 1.21 trillion rupees ($14.54 billion) to 164.35 trillion rupees in the two weeks to March 22. Non-food credit rose 1.30 trillion rupees to 164.12 trillion rupees, while food credit fell 86.23 billion rupees to 230.81 billion rupees. ....

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