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About 16 results for "foreign lender rsquo"

Software robots to perform a fifth of internal jobs at ICICI Bank
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Software robots to perform a fifth of internal jobs at ICICI Bank

Other private banks also planning to employ bots soon ICICI Bank - the country’s largest private sector lender - is employing robots to perform tasks like generating customer IDs, updating addresses and mobile numbers, resolving ATM-related queries, etc. Claiming to be the first Indian bank to use software robotics, ICICI Bank on Thursday said the technology has helped them in reducing response time by up to 60 per cent. Chanda Kochhar, managing director & chief executive officer, ... Rediff.com, 3 weeks ago
ICICI Pru Life IPO to open on Sep 19 Rediff.com, 2 weeks ago
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Markets end at fresh 52-week high

Among key stocks, Tata Motors, Hero MotoCorp, L&T, Wipro, ICICI Bank, Dr Reddy’s Labs and ICICI Bank, all up between 1%-3% Markets extended gains to hit fresh multi-month highs with infrastructure stocks gaining the most after the government on Wednesday new norms for the construction sector that will help in quicker resolution of disputes to kick-start stalled projects and make access to financing easier. The government will release Q1 gross domestic product (GDP) figures later ...
 Rediff.com1 month ago Sensex zooms 440 points to end at fresh 52-week closing high  Rediff.com1 month ago
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RBI ushers in on-tap bank licence

Conglomerates can hold only 10% stake; focus on NBFCs not controlled by large groups In what could be Raghuram Rajan’s last banking reform before he bows out in the first week of September, the Reserve Bank of India on Monday released the final guidelines for on-tap licensing of universal banks in the private sector, under which it ring-fenced the banking system from large industrial houses, excluding them from floating banks in the future. But conglomerates have been allowed to hold up ...
 Rediff.com1 month ago
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World Bank 'commits' to fulfil obligations under Indus Waters Treaty

Pakistan on Wednesday claimed the World Bank has 'committed' itself to 'timely fulfilling its obligations' under the Indus Water Treaty while remaining neutral as Islamabad approached the international lender amid reports that India may revoke the 56-year-old deal. A Pakistani delegation led by the Attorney General for Pakistan, Ashtar Ausaf Ali, met with senior officials of the World Bank at the World Bank Headquarters in Washington, to discuss matters relating to the Indus Waters Treaty that ...
 Rediff.com2 days ago
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FCNR redemptions won't be disruptive, say bankers

There's surplus liquidity and RBI, with plentiful forex reserves, is ready to pump whatever extra is needed Starting the middle of this month and peaking between October and November, foreign currency non-resident (FCNR) deposits worth $26 billion that banks in India raised three years earlier will start maturing. The currency and allied markets are curious as to the impact of this one-of-a-kind phenomenon. Banks have prepared different strategies and say they’re confident the ...
 Rediff.com2 weeks ago
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Profit booking, global cues subdue markets; Nifty holds 8,900

Market participants are now awaiting Thursday's meeting of the European Central Bank Markets ended marginally lower amid consolidation on profit taking after sharp gains in the previous sessions which lifted the benchmark share indices to their fresh 52-week highs supported by strong FII flows. Downbeat US ISM non-manufacturing report for the month of August further reduced the scope of an early rate hike by the US Federal Reserve. Market participants are now awaiting Thursday’s meeting ...
 Rediff.com3 weeks ago Sensex ends 205 points lower; Nifty holds 8,500  Rediff.com2 months ago
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How Nitin Gadkari plans to make Indian roads safe and pollution-free

'Our economy will become river-oriented.' 'I strongly feel the mass rapid transport on electric is our future.' The Centre has accorded top priority for cost-effective, pollution-free transportation modes, such as waterways, which reduce logistic costs and increase road safety. Union minister of roads, highways, ports and shipping Nitin Gadkari, bottom, left, speaks to Sanjay Jog about the government’s strategy. Excerpts: What will be the government’s approach for integrated ...
 Rediff.com1 month ago
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An agenda for Dr Urjit Patel

The mother of all challenges is the balance sheets of banks, and the mess has to be cleared early. There is no lending happening because banks don’t have money. Banks don’t have money because most of the previous lendings are stuck. Unless Dr Urjit Patel starts clearing the balance sheets of banks, the investment cycle will not start. Unless the clog in the drain is cleared, further lending cannot happen. If further lending doesn’t happen, the investment cycle also will not ...
 Rediff.com1 month ago
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Sebi seeks UK's help to nail 'fund diversion' at United Spirits

Wants details of Vijay Mallya's transactions over 4 years The Securities and Exchange Board of India (Sebi) has written to a UK regulator, the Financial Conduct Authority (FCA), for information on alleged fund diversion by Vijay Mallya and his associate companies from United Spirits Limited (USL). In July, Diageo-controlled USL had said an inquiry against Mallya, former chairman, and his companies had revealed Rs 1,225 crore (Rs 12.25 billion) of fund diversion. Market regulator Sebi is probing ...
 Rediff.com1 month ago
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Markets end higher led by SBI; Sensex up 293 points

SBI was the top gainer after it reported lower-than-expected rise in bad loans Benchmark share indices rose for the second straight day with state-owned banks gaining the most led by State Bank of India after it reported lower-than-expected rise in bad loans. The S&P BSE Sensex ended up 293 points at 28,152 and the Nifty50 settled 80 points higher at 8,672. In the broader market, the BSE Midcap and Smallcap indices ended up 0.2%-0.8% each. Market breadth ended weak with 1406 losers and ...
 Rediff.com1 month ago
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