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Topics: Bank

Lakshmi Vilas Bank secures Rs 459 crore through QIP

India's private sector bank, Lakshmi Vilas Bank has announced that "It has raised Rs 459.59 crore through Qualified institutions placement (QIP)." Lakshmi Vilas Bank, in...

Infosys Finacle to develop cross-border trade finance network for Hatton National Bank

Sri Lanka's leading private bank Hatton National Bank (HNB) on Wednesday announced that "It has partnered with Infosys Finacle Trade Connect, a part of...

RBI: No data on demonetised notes used at the petrol pump

The RBI in reply to an RTI query said it has no data on the old 500 and 1,000 rupee notes used to pay...

RBI fines ICICI Bank, SBI and 17 other banks for non-compliance use of SWIFT Network

The Reserve Bank of India (RBI) has fined at least 19 lenders, including top banks such as ICICI Bank and State Bank of India,...

Reserve Bank of India proposes strick compensation norms for Private and Foreign Banks

Seeking to curb excessive salary payout practices, the Reserve Bank of India has proposed strict compensation norms for senior officials of private as well...
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HSBC probe helped lead to U.S. charges against Huawei CFO Meng Wanzhou

The HSBC probe of Huawei came in late 2016 and 2017 as the bank was trying to get the U.S. Department of Justice (DOJ)...

Pakistan may ask for an additional $1.45 billion loan from Islamic banks

Pakistan will likely turn to Islamic banks to borrow another 200 billion rupees ($1.45 billion) to try to ease a financial crunch in its...

Aditya Puri: No plans to cut down HDFC bank’s branch expansion

Largest domestic lender from the private sector space, HDFC Bank, does not intend to cut down on branch expansion, a top official said on...

China blames Washington for trying to block its development

China's government on Monday accused the United States of trying to block its industrial development after Vice President Mike Pence said Chinese equipment poses...

U.S regulators drop fine against Citi Group over fair lending charge

A top US bank regulator has decided not to fine Citigroup for discriminating against minority mortgage borrowers, dropping the public rebuke that some officials...
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Visa to acquire British payment company Earthport for $250 Mn

Visa Inc is paying 198 million pounds ($250.6 million) to buy Earthport Plc, a British firm that facilitates international transactions for banks and businesses,...

India’s largest bank SBI to suspend, internet banking services for few customers

India's largest bank, State Bank of India is planning to suspend the access of internet banking services for some of its customers who have...

NCPI limits UPI’s P2P transactions to 10 per day

The National Payments Corporation of India (NPCI) has announced: "the reduction in maximum number of P2P (peer-to-peer) transactions from 20 to 10 per bank,...
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