private sector banks

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    Financial Sector Consolidation: A Need for Flexibility

    Mumbai, March 18 Former Reserve Bank Deputy Governor M Rajeshwar Rao on Wednesday called for a "re-evaluation" of the criteria for investors.Rao, who retired in September last year, said that a growing economy aspiring to accelerate economic growth will need strong financial institutions to...
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    Financial Stress from Bank Accounts: A Parliamentary Concern

    New Delhi, March 17 – Aam Aadmi Party (AAP) Rajya Sabha MP Raghav Chadha raised the issue of penalties for minimum account balance in the Upper House of Parliament on Tuesday, urging the Union government to abolish such charges on small bank accounts, saying that they disproportionately affect...
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    IDBI Bank Strategic Sale Fails to Meet Reserve Price

    New Delhi, March 13 The strategic sale of IDBI Bank is likely to have been scrapped as the financial bids submitted by potential buyers were below the reserve price, sources said on Friday.The government and LIC were jointly looking to sell 60.72 per cent in IDBI Bank and had floated an...
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    BLS E-Services Strengthens Banking Reach with Atyati Technologies Acquisition

    New Delhi, February 16 BLS E-Services announced on Monday that it will acquire a 100% stake in Atyati Technologies for ₹154 crore.In a regulatory filing, the company stated that the acquisition will be a fully cash transaction and is expected to be completed by March 31, 2026.The acquisition...
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