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PNB fraud: Assocham calls for privatising PSBs

PNB fraud: Assocham calls for privatising PSBs

New Delhi : In light of the massive Rs 11,300 crore ($1.8 billion) scam allegedly involving jeweller Nirav Modi that has hit state-run Punjab National Bank (PNB), industry chamber Assocham said on Sunday that the government should surrender its majority ...

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Banking stocks depress key equity indices

Banking stocks depress key equity indices

Mumbai : A massive sell-off in banking sector stocks pulled the key Indian equity indices — S&P BSE Sensex and NSE Nifty50 — lower on Wednesday. According to market observers, heavy selling pressure was witnessed in banking, healthcare and automobile ...

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IBM eyeing BFSI, telecom sector for growth in India

IBM eyeing BFSI, telecom sector for growth in India

By Krishna SinhaChaudhury, Mumbai : When it comes to digital transformation, sectors like the Banking, Financial Services and Insurance (BFSI), and telecom, will become the growth engines for India and IBM is ready to meet the technology requirements, a top ...

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Financial system fundamentally wrong: Muhammad Yunus

Financial system fundamentally wrong: Muhammad Yunus

Kolkata : Nobel laureate and micro-finance founder Muhammad Yunus on Tuesday said the existing financial and banking systems in the world have fundamental flaws as they direct people to work only for their own benefit, not caring about society. “I ...

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