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Nationwide strike affects banks, transport; unions warn of more protests
 
 India's financial sector, including public-sector banks, were shut and transport affected in large parts of the country during the concluding day of a two-day nationwide s...    
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Citigroup net income down to $468 mn
 
New York, Oct 16, 2012 Citigroup Inc., the third largest bank in the US, Monday said that its net income for the third quarter of 2012 dropped to $468 million. The decline in ...    
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United Bank to finance Hindustan Motors' cars
 
Kolkata, Sep 19, 2012 Public sector lender United Bank of India Wednesday signed a memorandum of understanding (MoU) with Ambassador car maker Hindustan Motors Ltd to finance the...    
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US banks continue recovery from financial crisis
 
Washington, Sep 15, 2012 US banks continued to make gradual but steady progress in recovering from the 2008 financial crisis and the ensuing severe recession, a senior banking re...    
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Development banks pledge $175 bn for sustainable transport
 
Rio de Janeiro, June 21, 2012 Eight largest multilateral development banks (MDBs) Wednesday announced that they will invest $175 billion to finance more sustainable transportatio...    
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Fitch downgrades 18 Spanish banks
 
New York, June 12, 2012 Ratings agency Fitch cut another 18 Spanish banks' long-term credit ratings Tuesday. The cut comes just one day after Fitch downgraded the country's two...    
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China to end state monopoly in banks
 
Beijing, April 5, 2012 China's top leadership has agreed to reduce, if not break, the state's banking monopoly, Premier Wen Jiabao has said. This is the first time Beijing ackn...    
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Rate cuts unlikely as RBI reviews policy this week
 
Rate cuts unlikely as RBI reviews policy this week  (16:28)  Mumbai Jan 22, 2012 India Inc's hopes of a rate cut may not happen, atleast this time, even though ...    
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PNB's total business reaches Rs 6.21 lakh crore
 
Kolkata, Jan 22, 2012 State-run Punjab National Bank Sunday said its total business reached Rs 6.21 lakh crore at the end of the third quarter of fiscal 2011-12, registering a ye...    
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RBI gives banks draft guidelines on capital regulation
 
New Delhi, Dec 30, 2011 The Reserve Bank of India (RBI) Friday released draft guidelines for implementing Basel III capital regulation in India aimed at improving the banking sec...    
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