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SBI approves 6% stake sale in mutual fund
Currently, SBI holds 63% stake in SBIFMPL and the 37% stake is held by AMUNDI Asset Management through a wholly-owned subsidiary, Amundi India Holding
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LIC can increase stakes in IndusInd Bank: RBI
The state-run insurer holds 4.95% of the total issued and paid-up capital of the bank
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Paytm payments is now a scheduled bank
The bank has witnessed a fast adoption of digital banking services, with users appreciating the new era of banking in India
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KVB cuts base and benchmark lending rates
Shares of KVB were trading at Rs 50.57 apiece on BSE, up 4% from the previous close
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Private lenders fare better in interest rate transmission
The rate reduction has been more than 100 basis points for private sector banks
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Metropolitan centers lead growth in bank credit
It signals broad recovery in economic activities, says the Reserve Bank
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RBI panel for no cap on promoters stake in pvt banks
This may continue as a minimum of 40% of the paid-up voting equity share capital of the bank for the first five years.
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Bank privatisation: Centre may reduce stake to 26%
Two PSBs have been lined up for disinvestment
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Govt proposes changes in law to enable banks pursue defaulters assets abroad
A global model law gives the framework for cooperation between domestic courts and foreign courts
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Niti Aayog proposes full-stack ‘digital banks’
New type of entities can offer full suite of services, including accepting deposits and extending loans
