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Bank stocks in demand, UCO Bank surges over 12%

Tuesday, January 1, 2019, 10:18 PM

Bank stocks were in demand Tuesday after the government infused Rs.10,882Cr in four public sector lenders, with UCO Bank surging over 12%. Shares of UCO Bank soared 12.10% to close at Rs.22.70 apiece on BSE. Bank of Maharashtra gained 3.83%, Central Bank of India went up by 1.36% and Syndicate Bank rose by 1.27%.
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Paytm takes on Amex, Visa, Mastercard over data storage rules

Wednesday, July 25, 2018, 3:02 PM

US payment firms have successfully pushed India to consider diluting rules on data storage, but their lobbying campaign has sparked bitter industry spat pitting them against local rival Paytm, according to sources and documents seen. India's central bank directed payment firms to store data locally for "unfettered supervisory access" move companies such as Visa, Mastercard and American Express fear would cost millions of dollars.
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PNB, Central Bank, Corporation Bank to get Rs 10,000 crore from govt

Tuesday, July 17, 2018, 4:46 PM

The finance ministry is likely to infuse about Rs.10,000 crore within a few days in some state-owned banks including Punjab National Bank, Corporation Bank and Central Bank of India, to help them meet their regulatory capital requirements, people aware of the matter said. The new round of infusion will be between Rs.8,000 crore and Rs.10,000 crore, people familiar with the matter said.

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