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Finance News

Vijaya, Dena to turn out to be Financial institution of Baroda from Monday; to work as BoB retailers

In a primary three-way amalgamation, Vijaya Financial institution and Dena Financial institution will merge with Financial institution of Baroda (BoB) from April 1 to create the third-largest lender of the nation. Because of this, branches of Vijaya Financial institution and Dena Financial institution will operate as BoB retailers from Monday onwards. “Prospects together with depositors …

Finance News

PNB to promote stake in PNB Housing to Normal Atlantic, Varde for Rs 1,851 cr

State-run Punjab Nationwide Financial institution (PNB) Friday mentioned it should promote its partial stake in PNB Housing Finance to world personal fairness agency Normal Atlantic Group and various funding agency Varde Companions for Rs 1,851.6 crore. PNB has entered into agreements in relation to the mentioned transactions Friday, the general public sector financial institution mentioned …

Finance News

Jewellers re-start month-to-month deposit schemes after two weeks of suspension

Even a month after banning unregulated deposits, some questions are nonetheless unanswered whether or not deposits taken by jewellers from clients is suitable particularly when jewellers usually are not regulated. Jewellers initially feared that the ban is relevant to them additionally because the month-to-month deposit schemes run by them remained unregulated. The jewellers have, nonetheless, …