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Sunday, May 27, 2018

Mobilising deposits will be a major challenge in FY19: Shikha Sharma

Retail business is the bedrock of our financial performance, says Axis Bank CEO

from Business Line - Money & Banking https://ift.tt/2ISxNGE
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Basic Savings Bank Deposit Account: How banks overcharge, penalise no-frills a/c holders without letting them know

No-frills account holders are facing penalty for exceeding the limit of four withdrawals in a month as several banks are using the 5th debit as a trigger to convert the Basic Savings Bank Deposit Account (BSBDA) into a regular one, says a report.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2xkJBjK
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Nirav Modi may soon lose Rs 7000 crore assets as ED plans new move in PNB fraud case

The ED is set to move a special court in Mumbai to seek permission for "immediate confiscation" of about Rs 7,000 crore assets of designer diamond jeweller Nirav Modi under the recently promulgated Fugitive Economic Offenders Ordinance.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2xhDZ9O
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No-frills account holders pay heavy penalty for exceeding withdrawal limit: Report

The key restriction on a BSBDA is that the a/c holder can't make more than four withdrawals in a month, though there is no such limit on number of deposits.

from Banking/Finance-Industry-The Economic Times https://ift.tt/2shdcof
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New India Assurance looks to lower health-loss ratio to 95%

State-run New India Assurance is looking at bringing down its health-loss ratio to 95 per cent in the current financial year and hopes to break-even

from Business Line - Money & Banking https://ift.tt/2KZckwg
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