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State Bank of India has ceased processing trade and foreign currency transactions for Nayara Energy due to potential US sanctions following recent tariff increases. This decision aims to prevent SBI from facing US and European Union restrictions. The move follows EU sanctions restricting Russian fuel imports and a price cap on Russian crude, impacting banks with international operations.
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The warning comes after the watchdog announced it would set up a compensation scheme for motorists who were sold car finance deals that were unlawful.
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The watchdog is setting up a compensation scheme for motorists sold unlawful car finance deals.
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News and Media
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