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More banks head for destination digital wallet

Having seen consumers’ preference for new-age banking tools, there is an increasing trend in the banking sector to go for digital payment systems, most...

Finance Ministry to invest Rs5,000cr into PSBs

The Ministry of Finance will invest Rs500cr in public sector banks (PSBs) to boost their capital. However, it will depend on improvements in performance...

PSU banks slack in acting against wilful defaulters

Cases of wilful defaults are on the rise, with the number of such defaults in public sector banks (PSBs) reaching 7,265 until the middle...

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