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Banning of LOUs not to materially impact all banks: Ashutosh Khajuria, Federal Bank
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Talking to ET Now, Ashutosh Khajuria, Federal BankBSE -1.30 %, says LOU was a supplementary finance that was available where the credit risk on the importer was acceptable to a foreign lender and it was normally for the branches of the Indian banks. LCs and BGs can step in to meet funding needs.
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https://economictimes.indiatimes.com/markets/expert-view/banning-of-lous-not-to-mater..
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15-Mar-2018
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Don't buy term insurance just to save tax, make sure it is the right cover for you
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To err is human, but making a financial mistake can come back to bite you when you least expect it. One such financial mistake made by people is that in their hurry to make last minute tax-saving investments, they miscalculate their insurance needs and overlooking getting a risk cover. People end up buying a life insurance policy just to avail the tax benefit that premium payments can fetch them, without considering their insurance needs.
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https://economictimes.indiatimes.com/wealth/insure/dont-buy-term-insurance-just-to-sa..
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15-Mar-2018
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Don’t privatise PSU banks, make them accountable: Bimal Jalan
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In an interview with Mythili Bhusnurmath of ET Now, Bimal Jalan, Former Governor, RBI, says it is not a question of public versus private. It is a question of governance methodology and ensuring that PSU banks are held accountable and their performance is fully monitored.
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https://economictimes.indiatimes.com/markets/expert-view/dont-privatise-psu-banks-mak..
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15-Mar-2018
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HDFC Bank bans Bitcoin buys citing RBI's warnings: Traders not too worried
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Even as HDFC Bank, India's largest bank by market capitalisation, banned its customers from using debit, credit and prepaid cards to purchase cryptocurrencies such as Bitcoin, stakeholders in the crypto universe are not unduly bothered by the move.
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http://www.business-standard.com/article/markets/hdfc-bank-bans-bitcoin-buys-citing-r..
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15-Mar-2018
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HDFC to launch HDFC AMC IPO in May
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Housing Development Finance Corp. and Standard Life will raise Rs 3,600 crore by selling 12% stake in HDFC AMC through initial public offering in May, valuing the company at around Rs 30,000 crore.
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https://economictimes.indiatimes.com/markets/stocks/news/hdfc-to-sell-4-stake-in-hdfc..
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15-Mar-2018
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ICICI Bank looks to raise Rs 4,020 cr by selling stake in investment banking arm
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ICICI Bank will raise Rs 4,020 crore by selling a 24% stake in its brokerage and investment banking arm, ICICI Securities Ltd in an initial public offer (IPO) which will kick off on March 22 and close on March 26, one person close to the sale told ET.
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https://economictimes.indiatimes.com/markets/ipos/fpos/icici-looks-to-raise-rs-4020-c..
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15-Mar-2018
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LTCG tax: Unlisted companies' shares listed after January 31, 2018 to get indexation benefit
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Giving some relief to investors, the government today extended indexation benefit for computing tax liability on sale of shares listed after January 31, though capital gains arising from such transactions will continue to be taxed at 20 per cent.
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https://economictimes.indiatimes.com/wealth/tax/ltcg-tax-government-extends-indexatio..
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15-Mar-2018
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MF investments from small towns rise 41% to Rs 4.36 trillion in Feb: Icra
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Smaller towns contributed Rs 4.36 trillion to assets under management (AUM) of the mutual fund industry at the end of February 2018, over 41 per cent higher than a year-ago period, said a report.
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http://www.business-standard.com/article/markets/mf-investments-from-small-towns-rise..
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15-Mar-2018
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New premium of life insurers up 27% in February
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Life insurance firms reported an increase of about 27 per cent in new premium collection in February at ?13,698.52 crore, data from insurance regulator IRDAI showed on Wednesday.
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https://www.thehindubusinessline.com/money-and-banking/new-premium-of-life-insurers-u..
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15-Mar-2018
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SBI makes borrowing for corporates tougher: Will the homebuyer be impacted?
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In the wake of the ongoing non-performing assets (NPA) crisis in the banking industry, the State Bank of India (SBI) has decided against funding the interest during the construction period on the loans taken by the corporate sector, including real estate. The decision is aimed at de-risking the bank's loan book, SBI chairman Rajnish Kumar told Economic Times.
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https://economictimes.indiatimes.com/wealth/personal-finance-news/sbi-makes-borrowing..
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15-Mar-2018
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