This article is written by Abhishek Jain,Mutual Fund Distributor
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The net premium earned by the company during the December quarter was up 7.1 per cent
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PB FIntech has Policybazaar and Paisabazaar as their flagship platforms
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The report expects a revival in consumption to offset the impact of lower commodity prices, slower global growth and moderation in government capex
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The acquisition is made at an enterprise Value of Rs 325 crore and is expected to close in the fourth quarter of FY 2023-24
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The action is based on a deficiency in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers
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Net profit for the quarter alone stood at Rs 150 crore in Q3 FY24
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This penalty has been imposed in the exercise of powers conferred on RBI under the provisions of Section 47A(1)(c) read with Sections 46(4)(i) and 56 of the Banking Regulation Act, 1949, the RBI said in a release on Monday
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