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Job cuts loom as RBS to shut Indian branches, only 8 hubs to remain
The move will result in job cuts. The bank has about 500 executives in India. #RBI #NewsTracker #HSBC #RBS #Branches #Banking License
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RBI may ease hedging norms for exporters, importers
Padmanabhan did not explain why the RBI was contemplating taking this measure. In July RBI had allowed only exporters to cancel and rebook forward contracts up to 25 percent of hedged exposure. #Reserve Bank of India #NewsTracker #hedging norms
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Bad loans surge: Why SBI stock crashed to 7-month low post Q4 earnings
The results of all PSU banks reveal a phenomenon of interest reversals due to the large restructuring and chunky bad loans. #SBI #EarningsShow #Q4Results #State bank of Indis
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10 things you need to know before the market opens
Wall Street slipped on Thursday but finished sharply off their session lows as a rally in Hewlett-Packard's shares offset worries about weak Chinese manufacturing data and the prospects of the Federal Reserve reducing its monetary stimulus. #Stock market #Tata Steel #State Bank of India #Ranbaxy #MarketWatch
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Govt approves for Rs2,550 cr HIV/AIDS control project
The primary objective of the project is to increase safe behaviour among high risk groups. #World Bank #HIV/AIDS #PolicyWatch #CCEA
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Did Subbarao go against panel suggestion of no rate cut in May?
The RBI cut the key policy repo rate for a third straight time in 2013 to 7.25 percent on 3 May, pulling it to a two-year low, in a bid to revive slow growth and taking into account benign inflation reading. #Reserve Bank of India #D. Subbarao #didyouknow #Repo Rate Cut
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SBI's Q4 profit falls to Rs 3299 cr, disappoints market
State Bank of India, the country's largest lender, posted its first quarterly net profit drop in two years, missing market estimates after being dragged down by lower interest income and higher provisions for loan losses. #State Bank of India #Q4 results #EarningsShow
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Former Indian Bank chief gets 1-year rigorous imprisonment in cheating case
A CBI court today convicted former Chairman and Managing Director of Indian Bank M Gopalakrishnan and two others in an 18-year-old cheating case, causing Rs 3 crore 'wrongful loss' to the bank and sentenced him and another person to one year rigorous imprisonment. #NewsTracker #Indian Bank #M Gopalakrishnan
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Banks make base rate scapegoat for not reducing lending rates
According to a report published in The Economic Times today, banks are blaming base rate for interest rates not falling in line with the Reserve Bank of India�s (RBI) cuts. #RBI #GoodReads #bank rates
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Markets snap 4-day winning streak, pharma biggest loser
The BSE Sensex closed at 20235.97, down 0.25 percent while the Nifty closed at 6161.75, down 0.41 percent. #Sensex #nifty #ICICI Bank #Apollo Hospitals #MarketClose