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South Indian Bank was beset with bad loans after its loans to companies such as DHFL and IL&FS soured. Under Ramakrishnan who took charge about two years ago, the bank raised its provisioning and put in place processes that improved underwriting. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/mOA4riP via IFTTT

The meeting would review the performance of public sector banks (PSBs) and financial institutions to provide credit to people belonging to the SC community and other welfare measures under implementation, they said. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/gYlbkA2 via IFTTT

By BY RON LIEBER from NYT Your Money https://ift.tt/KGxwb0N via IFTTT

Several people were cheated in the last few years by cyber frauds because they have stored their card data on the merchants website for future payments. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/QxYLvRG via IFTTT

SBI paid Rs 67.84 crore for the acquisition of 13.42 per cent stake in SBI Global Factors Ltd (SBIGFL), it said. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/hmqW9ME via IFTTT

from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/fU8sh7J via IFTTT

Also, there have been changes like larger reliance on corporate bonds and a structural shift in the economy towards the services sector, he said. A few years ago, banks were persuaded by policy makers to not to give so much loans to the industrial segment given the experience of lumpy sour loans, and rather focus on retail credit to serve the financial inclusion priority. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/2CwlDh1 via IFTTT