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By Loknath Das On Thursday, August 24th, 2017
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ICICI Bank Cut Interest Rate On Savings Account By 0.5%

Mumbai: Private sector lender ICICI Bank today announced to reduce interest rate on savings accounts by 50 basis points to 3.5 per cent on deposits below Rs. 50 lakh. The interest rate on savings bank accounts More...

By Loknath Das On Tuesday, August 22nd, 2017
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‘India May Become First Nation Using LED For All Lights By 2019’

New Delhi: Power Minister Piyush Goyal today said India will probably be the first country in the world to use LEDs for all lighting needs by 2019, which would help the nation save over Rs. 40,000 crore a year. State-run More...

By Loknath Das On Tuesday, August 22nd, 2017
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PNB, HDFC Bank Cut Interest Rate On Savings Account By 0.5%

New Delhi: Two leading lenders PNB, HDFC Bank today slashed interest rate on savings bank accounts by 50 basis points to 3.5 per cent on deposits up to Rs. 50 lakh. Besides, Punjab National Bank (PNB) has also More...

By Loknath Das On Monday, August 21st, 2017
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GST Improves Transport Sector Efficiency By 30%: PM Modi

New Delhi: Abolition of inter-state check posts after the implementation of GST (Goods and Services Tax) has reduced time for movement of goods by 30 per cent and saved thousands of crores of rupees, Prime Minister More...

By Loknath Das On Thursday, August 17th, 2017
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July Consumer Inflation Data Could Delay Rate Move By RBI, Say Experts

Mumbai: Annual consumer price inflation picked up to 2.36 per cent in July from 1.54 per cent in June, as a decline in food prices slowed sharply, government data showed on Monday. The rise was faster than the More...

By Loknath Das On Monday, August 7th, 2017
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Indian Bank Sets Target Of Gross Bad Loans Under 5% By March

Mumbai: Indian Bank is looking to bring down its gross non-performing assets (NPAs) to below 5 per cent by March from over 7 per cent in the June quarter on the back of better recoveries, upgrades and write-offs, More...

By Loknath Das On Saturday, August 5th, 2017
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After SBI, Bank of Baroda cuts interest on savings account by 50 basis points

Within days of SBI slashing interest rate on savings bank account, another PSU bank — Bank of Baroda — has followed suit, cutting it to 3.5% on deposits of up to Rs 50 lakh. “We wish to inform you More...

By Loknath Das On Wednesday, August 2nd, 2017
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SBI cuts interest rates for savings accounts by 0.5% to 3.5%

New Delhi: India’s largest lender SBI on Monday announced a 0.5 percent (50 basis points) cut in interest rates for savings bank deposits, effective immediately. According to the new structure, for saving More...

By Loknath Das On Saturday, July 29th, 2017
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IDFC Bank aims to triple branches, increase POS by 100% in 36 months

IDFC Bank will pursue its branch expansion plan organically during the current fiscal and won’t wait till Shriram merger happens, a top official said.   Meanwhile, the bank has chalked out its plan for More...

By Loknath Das On Thursday, July 27th, 2017
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Amagi Media will launch Thunderstorm technology in India by October

Ad-tech company Amagi Media Labs is all set to launch its Thunderstorm OTT Ad Insertion service in India by October. The technology which has already been deployed in the US and UK markets will help subvert ad-blockers More...