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In the fortnight ended May 8, 2020, bank advances stood at Rs 102.52 lakh crore and deposits at Rs 138.50 lakh crore, according to RBI's Scheduled Banks' Statement of Position in India as on May 07, 2021
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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