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Banks to bear cost of frauds via cards


New Delhi: Refusing to give further extension to banks for complying with security norms, the RBI on Friday said that banks will have to bear the cost of fraudulent card transaction through point of

RBI appeals against currency garlands, says poor can also open zero balance account in foreign banks

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Mumbai: Making garlands of currency notes, a practice followed in Indian marriages and political rallies, has been sought to be discouraged by the Reserve Bank.
"The Reserve Bank of India has appeale

Link home loans to stages of construction: RBI tells banks


Mumbai: The Reserve Bank of India (RBI) on Tuesday asked banks to link the disbursal of home loans to stages of construction to protect the interests of buyers and contain the fallout of “innovative”

Steps to attract inflows likely in a week, says Finance Ministry


Mumbai: After discussions between Finance Minister P. Chidambaram and FIIs and banks, the Finance Ministry on Saturday said steps to attract capital flows to fund the current account deficit can be e

All about closing credit cards


Enough can’t be said on the diligent care one must take when handling a credit card. Sometimes, you may feel that a particular card is not of much use to you, or you may realise that you are holding

‘Bias against arts courses frustrating’

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Thiruvananthapuram: He is a mechanical engineering graduate of the College of Engineering Thi­r­uv­ananthapuram who switched to animation as a career choice, in the process giving up a job with Acc

PSU banks to hire 50k employees this fiscal: FM

Finance minister P. Chidambaram today said public sector banks plan to hire 50,000 persons and open 10,000 branches in the current fiscal.

Banks to focus on top defaulters: Chidambaram

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New Delhi: Concerned over rising bad loans, Finance Minister P Chidambaram on Wednesday asked banks to focus on top defaulters and take action against them.
"You focus on the top defaulters, as well

Rupee down 4 paise vs dollar in late morning deals


Mumbai: Erasing all its early gains, the rupee on Tuesday fell by four paise in the late morning trade due to fresh dollar demand from banks and importers on the back of firm global cues.
The rupee

Private banks step up hiring; top-five add over 15,000 staff


New Delhi: Leading private sector lenders are in top gear when it comes to expanding their headcount and just five of them, including ICICI Bank and HDFC Bank, added more than 15,000 employees to the

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I want to begin with a little story that was told to me by a leading executive at Aptech. He was exercising in a gym with a lot of younger people.

Shekhar Kapur’s Bandit Queen didn’t make the cut. Neither did Shaji Karun’s Piravi, which bagged 31 international awards.