Author: PTI

Cashing in on the growth of the financial technology software industry, Software Technology Parks of India set up by the Ministry of Electronics and Information Technology inaugurated a Centre of Excellence ā€œFinBlueā€ here on Tuesday.

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The troubled shadow banks are not yet out of the woods and the largest lender SBI has stitched a co-origination agreement to finance small businesses-which used to be a major customer-base for the crippled financiers, a top official said Tuesday.

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State-run Central Bank of India is planning to mop up around Rs 3,000 crore in core capital from markets in the next two months, a top official said. This capital is excluding the fund infusion that is likely to come from the government, managing director and chief executive, Pallav Mohapatra told reporters on the sidelines of the annual industry conference Fibac here Tuesday.

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