On Jan 2 2021, the newsrack service has been shut down permanently.

It has been a nice long run from the Sarai days in 2004 to being hosted on its own domain around 2006. Beside maintenance, there has been no real active development on the code or the features since early 2008. Since 2015, even all that maintenance was pretty bare bones. A lot of news sources no longer provide reliable RSS feeds and since mid 2018, there were growing issues with the service and I only kept it alive to assist a handful of users.

So, it was time to shut this down. The internet world in 2020 is vastly differently from 2003 when I first conceptualized this service. Thanks for using this all these years.

This is an archive of previously crawled content that will be kept around for a few weeks.

 
User: zainab Topic: IFIs
Category: Microfinance
Last updated: Dec 26 2018 20:15 IST RSS 2.0
 
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Mkts end settlement day lower; oil & gas, FMCG, au ... 24.3.2028 CNN-IBN Top Stories
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Mkts volatile; cap goods, metals up, pvt banks dip ... 17.3.2028 CNN-IBN Top Stories
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Rescue acts, growth measures dominate RBI's platter 31.12.2020 Rediff: Business
Delivering a public speech hours after the RBI launched a rescue act for Yes Bank on March 6, Governor Shaktikanta Das reiterated the RBI's affirmation to do whatever was needed to combat the coronavirus impact. On that day, India had only one confirmed COVID-19 infection, the World Health Organisation was five days off from declaring it as a pandemic and the financially debilitating lockdowns were not even on the horizon. Das' promise on efforts to mitigate COVID-19 impact appeared as a footnote in news reports from the event.
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Is Yes Bank out of the woods? 28.12.2020 Rediff: Business
'Infusion of fresh capital, handsome growth in deposits and focus on recovery should bring Yes Bank back on the growth path in the next financial year,' observes Tamal Bandyopodhyay.
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Why PEs may be better source of capital for banks 16.12.2020 Rediff: Business
India may adopt norms similar to the US Federal Reserve model, which regulates conglomerate-led banks in the country.
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LVB comes under Sebi scanner for 'insider trading' 10.12.2020 Rediff: Business
LVB had faced some serious flak in terms of bad loans, earnings and credit rating downgrades, since 2016.
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'Can't book profits in stock markets. Need help' 7.12.2020 Rediff: GetAhead
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
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Lakshmi Vilas Bank had dug its own grave 4.12.2020 Rediff: Business
Its obsession for growth, chasing corporate clients and giving up its original mandate of meeting the needs of local trade and businesses. A quarter of its loan book has gone bad. That's an error of business strategy, points out Tamal Bandyopadhyay.
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'What expertise does DBS have to run an Indian bank?' 3.12.2020 Rediff: Business
'On the evening of the 17th, the RBI said the bank was put on moratorium.' 'Within an hour, the RBI said it would be merged with DBS.' 'How did DBS come to know within an hour that LVB was in trouble?' 'It means, what happened was match-fixing.'
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Just started investing in stocks? Here's some advice 3.12.2020 Rediff: GetAhead
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
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LVB customers can access all services; rates unchanged 30.11.2020 Rediff: Business
DBS Bank India on Monday said customers of Lakshmi Vilas Bank, which has now been merged with it, can continue to access all banking services, and interest rates on savings and fixed deposits are unchanged as of now. Lakshmi Vilas Bank (LVB) has now been amalgamated with DBS Bank India Ltd (DBIL), the wholly-owned subsidiary of DBS Group Holdings Ltd, DBS Bank India said in a statement.
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A 94-year old bank is part of history now 27.11.2020 Rediff: Business
Tamil Nadu-based Lakshmi Vilas Bank (LVB) with pre-independence lineage on Friday lost its identity after its merger with the Indian subsidiary of Singapore's DBS Bank. The debt-ridden 94-year old old bank's fate was sealed with Union Cabinet headed by Prime Minister Narendra Modi approving Scheme of Amalagamation on Wednesday.
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Why India Inc setting up banks is a bad idea 26.11.2020 Rediff: Business
The RBI working group's proposal to allow corporate houses to set up banks is a 'good-looking' step in a 'bad direction' and may lead to crony capitalism and eventual financial instability, former chief economist of World Bank Kaushik Basu said on Thursday. Basu further said that there is a good reason why all successful economies have a clear dividing line between industries and corporations on the one hand, and banks and lending organisations on the other.
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Govt approves merger of Lakshmi Vilas Bank with DBIL 25.11.2020 Rediff: Business
The government on Wednesday approved merger of crisis-ridden Lakshmi Vilas Bank (LVB) with DBS Bank India Ltd (DBIL) and removed restrictions on withdrawal of deposits by depositors. The Union Cabinet has approved the merger of the LVB with DBS Bank India Limited, Union Minister Prakash Javadekar told reporters, adding the decision will provide comfort to 20 lakh depositors and protect the services of 4,000 employees.
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Ask Gaurav: Your stock queries answered 25.11.2020 Rediff: GetAhead
Gaurav Garg, Head of Research, CapitalVia answers readers' stock market queries.
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Raghuram Rajan criticises RBI’s plan to allow corporates in banking sector 24.11.2020 Scroll.in
Rajan and former RBI Deputy Governor Viral Acharya pointed out that the central bank made the proposal despite expert advice against it.
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'Can I invest in the stockmarket now?' 19.11.2020 Rediff: GetAhead
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
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LVB depositors' money safe, to complete merger on time 19.11.2020 Rediff: Business
Lakshmi Vilas Bank has enough liquidity to pay back its 20-lakh depositors and will complete the proposed merger with the Singaporean lender DBS before the deadline, the Reserve Bank-appointed administrator said on Wednesday. The Reserve Bank of India on Tuesday superseded the Lakshmi Vilas Bank board and placed the 94-year-old Chennai based lender under a 30-day moratorium ending December 16, after its net worth turned negative and a quarter of its advances became dud loans and it failed to get capital despite many attempts. The regulator also appointed the former non-executive chairman of Canara Bank TN Manoharan as the administrator of the crippled private sector lender for the 30-day moratorium period.
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Stocks you can hold for the short term 26.10.2020 Rediff: GetAhead
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
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'Is investing in gold, govt bonds better than stocks?' 23.10.2020 Rediff: GetAhead
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
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