Repco Bank business crosses ₹15,000 crore

Repco Bank business crosses ₹15,000 crore

Repco Bank, a cooperative bank under the administrative control of the Ministry of Home Affairs, today announced that its business has crossed ₹15,000 crore in FY19, with total deposits of ₹8,669 crore and advances of ₹6,337 crore. Established in 1969 with the prime objective of rehabilitating repatriates from Sri Lanka, Burma and Vietnam, the bank has a unique reputation of catering to the repatriate community. With presence in 108 centres and 10-lakh customers, this cooperative sector bank has a strong financial net worth of around ₹800 crore. In the past five years, it has…

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Operational independence of J-K Bank will remain key objective of admin: Governor Satya Pal Malik

Operational independence of J-K Bank will remain key objective of admin: Governor Satya Pal Malik

Jammu and Kashmir Governor Satya Pal Malik on December 4 allayed fears of J&K bank employees and said safeguarding the autonomy and operational independence of the institution would remain the key objective of the state administration. Malik gave the assurance to a delegation of bank employees who called on him here, an official spokesman said. Last month, the State Administrative Council (SAC) headed by the governor approved a proposal for treating the J&K Bank Limited as a PSU, bringing it under the purview of the Right to Information Act, the…

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Morgan Stanley stays Overweight on India; ICICI Bank, Gail among top 4 stocks in focus list

Morgan Stanley stays Overweight on India; ICICI Bank, Gail among top 4 stocks in focus list

Finally! Some good news for emerging markets which witnessed huge foreign money outflows thanks to the rise in the US Dollar. In 2018, a tricky handoff in growth, policy and inflation drove a rolling bear market. However, for 2019, Morgan Stanley expects a larger turning point in a number of multi-year trends. Emerging Markets (EM) assets should outperform. The global investment bank thinks that the bear market is mostly over for EM, has further to go in US credit and is about to begin for the US dollar. [“source=cnbc”]  

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Job Opportunities At Bharatiya Reserve Bank Note Mudran Private Limited

Job Opportunities At Bharatiya Reserve Bank Note Mudran Private Limited

RBI Recruitment: Job Openings At BRBNMPL, Assistant Manager Post NEW DELHI:  Bharatiya Reserve Bank Note Mudran Private Limited (BRBNMPL) has invited applications for recruitment to the posts of Assistant Manager (Ink Manufacturing and Rajbhasha). A total of 7 vacancies are open for recruitment at upcoming Security Ink Manufacturing Unit at Mysuru in Karnataka and for the positions of Rajbhasha Adhikaris for its units at Mysuru, Salboni and Corporate Office at Bengaluru. Interested and eligible candidates are required to send their application by post. Details of the recruitment are available at the…

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United Bank of India slips into red with Rs 211 crore net loss in first quarter

United Bank of India slips into red with Rs 211 crore net loss in first quarter

State-owned United Bank of India (UBI) on Saturday reported a net loss of Rs 211.46 crore during the first quarter ended June, on rise in Non-Performing Assets (NPAs) and higher provisioning. The bank had registered a net profit of Rs 38.32 crore in the April-June quarter of previous fiscal. Total income of the bank during the reported quarter was marginally up at Rs 2,852.61 crore as against Rs 2,819.37 crore year ago, the bank said in a regulatory filing. Bank’s bad loan proportion rose substantially as gross NPAs rose to…

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Paytm Payments Bank Launched: Cashback on Deposits, ATM Withdrawal Limits, and Other Details

Paytm Payments Bank Launched: Cashback on Deposits, ATM Withdrawal Limits, and Other Details

Paytm has launched the Paytm Payments Bank in India, announcing the new unit via a public notice in newspapers and a blog post. Renu Satti has been appointed the CEO of the new entity, and also sits on the payments bank’s board; Paytm CEO Vijay Shekhar Sharma is the non-executive chairman. With the Paytm Payments Bank finally operational, there are a few changes consumers would be introduced to, primarily the wallets business being transferred to the newly-incorporated entity Paytm Payments Bank Ltd (PPBL). There seems to be some confusion around…

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Singapore’s OCBC Bank eyes ultra rich in Indonesia with set up of new private wealth business

Singapore’s OCBC Bank eyes ultra rich in Indonesia with set up of new private wealth business

Nicky Loh | Bloomberg | Getty Images Singapore’s second largest lender Oversea-Chinese Banking Corporation (OCBC) on Monday launched an Indonesian private banking unit as the bank expands its wealth management presence in the region. The new onshore unit will be run by OCBC NISP, the Indonesian subsidiary that is 85 percent owned by OCBC Bank. Its target clients are Indonesians with assets under management of more than $1 million. OCBC, citing Capgemini’s Asia Pacific Wealth Report 2016, said in a statement there are 48,000 high net worth individuals in Indonesia…

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Truecaller Pay UPI-Based Payments Service Launched in Partnership With ICICI Bank

Truecaller Pay UPI-Based Payments Service Launched in Partnership With ICICI Bank

Caller ID application Truecaller on Tuesday announced a partnership with ICICI Bank, to allow people to send and receive payments through the app. Called Truecaller Pay, it leverages the Unified Payments Interface (UPI) to power payments from your ICICI Bank account. For now, the Truecaller Pay feature will only be available via Truecaller 8 for Android. At the press conference to announce the new features, Truecaller CEO and co-founder Alan Mamedi said that the company is now able to show the true potential of Truecaller. “We have been able to…

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Don’t Bank on Your Good Looks to Get a Fat Pay Cheque, Here’s Why

Don’t Bank on Your Good Looks to Get a Fat Pay Cheque, Here’s Why

Who doesn’t want a fat pay cheque? After all, for all the hard work you have been putting in for the financial year, you do want rewards for the effort. If you have been wondering how to increase your chances of getting a big raise, chances are you have already found numerous ways to crack it by scrolling through various articles on the internet. There are no dearth of advises on how to increase your pay package. But there is a common perception that your pay cheque has much to…

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Heard of India’s First Pasteurised Human Milk Bank?

Heard of India’s First Pasteurised Human Milk Bank?

considered one of India’s biggest sanatorium chains Fortis Healthcare launched the first pasteurised human milk bank, “Amaara”, in Delhi and the country wide Capital vicinity. The milk bank is a result of a collaboration between Fortis los angeles Femme, a specialised sanatorium for ladies and newborns in New Delhi, and the non-earnings corporation Breast Milk basis (BMF), an respectable announcement stated. “The Amaara Milk bank at Fortis la Femme is Delhi-NCR’s first Milk financial institution that will make available pasteurised human milk to babies hospitalised in our neonatal extensive care…

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