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RBI imposes monetary penalty on 2-Co-operative Bank
RBI monetary Penalty on The Bapunagar Mahila Co-operative Bank Ltd., Ahmedabad, Gujarat
The Reserve Bank of India (RBI) has, by an order dated May 8,...
RBI’s bond buyback yields only Rs 2,069 crore out of the notified Rs 60,000 crore.
RBI's bond buyback
The RBI repurchased only ₹2,069 crore of government bonds from a notified amount of ₹60,000 crore, as banks were unwilling to sell...
China’s retail sales and investment figures for April fell short of expectations
China's retail sales and investment data:
On Friday, China reported data indicating slower consumer growth while industrial activity remained robust. Retail sales increased by 2.3%...
FinLocker raises $17 million in Series B funding to enhance the homeownership journey
FinLocker Secures $17M in Series B to Improve Homeownership
Radian Group led the investment in FinLocker, with continued support from existing shareholders, marking a significant...
HDFC Life Insurance announces a bonus of Rs 3,722 crore for its policyholders
HDFC Life Insurance announcement:
HDFC Life Insurance announced its highest-ever bonus of Rs 3,722 crore on participating plans for nearly 22.23 lakh policyholders on Wednesday....
LIC Housing Finance Q4 Results: Net profit decreases by 7.5%, amounting to Rs 1,091 crore
LIC Housing Finance Q4 Results:
On Wednesday, mortgage financier LIC Housing Finance reported a 7.5% decline in its net profit, which stood at Rs 1,091...
The RBI advises NBFCs to remain vigilant against potential risks at all times.
RBI's Warning to NBFCs
During an interaction on Wednesday, RBI Deputy Governor Swaminathan J urged Non-Banking Financial Companies (NBFCs) to bolster their governance and assurance...
Cipla’s promoters sell a 2.53% stake via a block deal valued at Rs 2,750 crore
Cipla Promoters Sell 2.53% Stake
Cipla's Promoters Sell 2.53% Stake to Facilitate Philanthropic Endeavors Cipla's main shareholders, including Shirin Hamied, Samina Hamied, Rumana Hamied, and...
HDFC Bank allocates 5-7% of its total expenses to technology investments
HDFC Bank news update:
HDFC Bank allocates 5-7% of its overall expenses to technology, according to Parag Rao, Country Head of Payments, Liability Products, Consumer...
SBI boosts interest rates for retail and bulk fixed deposits by a substantial 0.25% to 0.75%
SBI rates boost:
SBI, the largest lender in the country, increased interest rates for retail and bulk fixed deposits by 0.25% to 0.75% on Wednesday,...
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