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Category : Finance
JM Financial Shares Surge 6% as RBI Lifts Restrictions...
JM Financial shares soared 6?ter the RBI lifted a 10-month ban on its subsidiary, JM Financial Products, allowing it to resume financing...
Kotak Mahindra Bank to Acquire Standard Chartered’s Rs...
Kotak Mahindra Bank will acquire Standard Chartered Bank's Rs 4,100 crore personal loan portfolio in India, strengthening its position...
Dhanlaxmi Bank Reports Rs 26 Crore Net Profit for Q2 FY25
Dhanlaxmi Bank posts a net profit of Rs 26 crore in Q2 FY25, with a 16.25% rise in total income. The bank's asset quality improved...
Public Sector Banks Likely to Slow Infrastructure Lending...
Public Sector Banks in India are expected to reduce lending to infrastructure projects following guidance from Finance Minister Nirmala...
Indian Payments Industry Poised to Reach $49 Trillion by...
The Indian payments industry is expected to grow to $49 trillion by 2028, according to BCG. While fund transfers and credit cards...
RBI Imposes Ban on Loan Sanction and Disbursal by Four...
The Reserve Bank of India has imposed a ban on four NBFCs, including Navi Finserv and DMI Finance, from sanctioning and disbursing...
Quarter-End Deposit Surge Temporarily Eases Pressure on...
Indian banks temporarily contained the rise in the credit-deposit ratio with a quarter-end deposit push, but long-term challenges...
RBI Halts Loan Sanctions for Four Finance Firms Over High...
The RBI has banned four finance companies, including Navi Finserv and DMI Finance, from sanctioning new loans over excessive interest...
BlackRock in Discussions with Jio Financial to Launch Private...
BlackRock Inc. is in discussions with Jio Financial Services Ltd. to establish a 50-50 private credit venture aimed at tapping into...
Indian Rupee Stays Close to 84 Against Dollar Amid Weakening...
The Indian rupee hovered near 84 against the US dollar as Asian currencies declined and local stock indices faced pressure amid significant...
Direct Tax Collections Surge 182% Over Decade Reaching...
Direct tax collections in India have surged by 182 percent over the past decade reaching over Rs 19.60 trillion in FY24. Corporate...
Surge in Term Insurance Sales to Self-Employed: 10-15X...
Term insurance sales among self-employed individuals surged by 50% in September 2024. Customised plans without traditional income...