Crisil anticipates the outstanding size of India's corporate bond market to surge to Rs 100-120 lakh crore by FY30, a substantial increase from Rs 43 lakh crore in the previous fiscal year
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Major UPI payment apps, including Google Pay, Paytm and PhonePe, have been affected by these instructions
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Razorpay, Cashfree, Paytm and PayU cannot add merchants for their online payments business, this has allowed their rivals to grab market share
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This expansion brings their network to a total of 831 branches across India
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The total outstanding personal loans of commercial banks reached Rs 48.26 trillion as of September-end this year
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The Chennai-based Non-Banking Financial Company (NBFC) has set a target to increase its Assets under Management (AUM) to Rs 600 crore by the next year, aiming to double its current AUM
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Over the past year, the Reserve Bank of India (RBI) has incrementally raised the policy rate by 250 basis points from April 2022 to February 2023 to curb inflation, maintaining a steady rate thereafter
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As per an RBI release, the MoU establishes a framework for the BoE to place reliance on the RBI's regulatory and supervisory activities while safeguarding UK financial stability.
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