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Under this capital raise approval, Canara Bank will raise equity capital amounting up to Rs 2,500 crore by way of QIP during the current fiscal
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HDFC Bank is planning to set up 20 oxygen plants in hospitals besides three 100-bed Covid care facilities as part of the plan
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The Canara Chikitsa healthcare credit facility will offer loans from over Rs 10 lakh to Rs 50 crore to registered hospitals, nursing homes, medical practitioners, diagnostic centers, pathology labs etc.
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For the full-year 2020-21, UCO Bank reported a net profit of Rs 167.04 crore. There was a net loss of Rs 2,436.83 crore in FY2019-20
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If a bank account is found inactive for over 12 months, the banks are directed to inform those customers in writing and understand the rationale behind it
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The RBI last month announced an ontap liquidity window of Rs 50,000 crore with tenors of up to three years at the repo rate was opened till the end of 2021-22
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RBI expressed confidence that banks are better positioned than before in managing stress in their balance sheets in view of higher capital buffers, improvement in recoveries and a return to profitability
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The value and volume of banknotes in circulation increased by 16.8% and 7.2%, respectively, during 2020-21, as against an increase of 14.7% and 6.6%, respectively, witnessed during 2019-20
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Microfinance institutions further the cause of financial inclusion as they lend to those who are often too poor to get loans according to conventional banking norms
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Under the scheme, collateral-free loans up to Rs 10 lakh in three categories for income-generating activities in manufacturing, trading and services sectors and activities allied to agriculture are provided
