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Archive for the ‘Banking News’ Category:

SBI approves merger with associate banks

State bank of India the country’s largest lender, on Thursday approved the merger of its operations with five of its associate banks. Post approval, State Bank of Travancore, State Bank of Mysore, State Bank of Bikaner and Jaipur, State Bank
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RBI keeps policy rate unchanged

→ The Reserve Bank of India on Tuesday kept the repo rate or the key policy rate unchanged at 6.5% due to hardening of inflation. → This is Governor Raghuram Rajan’s last monetary policy statement of his current term. →
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