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Indian stocks edge higher in lackluster trade; ITC up 3%

Rising crude may stretch CAD to 2.5% of GDP in FY19: SBI report  -   21/05/2018 15:58
R ising crude oil prices may worsen the current account deficit (CAD) to 2.5 per cent of the GDP in the current financial year, says a SBI report. The CAD - difference between inflow and outflow of foreign exchange - is estimated at 1.9 per cent for 2017-18. According to SBI Ecowrap, every USD 10/barrel increase in oil price results in additional import bill of USD 8 billion. This in turn will decreas...
Just a third of credit-worthy consumers tapped by banks:Report  -   21/05/2018 14:27
E ven after the increased focus on retail lending for a decade, banks and other lending institutions have been able to tap only into a third of the estimated 220million credit-eligible consumers, a report said. This leaves financiers with 150 million consumers who are eligible for credit but are untapped, credit information company Transunion Cibil said in its report today. Of the eligible population o...
PNB refuses to reveal details on Rs 13,000 cr fraud: Report  -   21/05/2018 13:07
S tate-run Punjab National Bank (PNB) has refused to disclose details of the audit or investigation that led to detection of over Rs 13,000 crore fraud at the company, said media reports. As per reports, the bank has cited a clause that bars any disclosure that can impede the process of investigating or apprehending the offenders. The state-owned bank also declined to share copy of inspection reports rela...
BOB consolidates operational activities at SSC: Reports  -   21/05/2018 13:06
S tate-owned Bank of Baroda has said that it has consolidated all its operational activities at a shared service center (SSC), which employs over 2,000 people, at Gujarat's GIFT City. As per reports, operational services such as retail loan processing, deposit account opening, forex transactions, call center, among others have been migrated to the SSC. Commenting on the issue, an official told...
Govt earns Rs 1,400 cr revenue from e-Visa scheme: Reports  -   21/05/2018 12:00
T he Indian Government has said that it has earned Rs 1,400 crore as revenue from the highly successful e-Visa scheme, offered to citizens of 163 countries visiting India as tourists. Commenting on the issue, Union Home Ministry officials said the popular e-Visa scheme was availed by 19 lakh tourists in 2017 and it is expected that more than 25 lakh tourists will avail the facility in 2018. Since its...
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