The credit rating agency is optimistic about the adequate capitalisation of banks, allowing them to absorb the impact of RBI measures on anticipated credit losses and unsecured personal loans
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The shares were acquired at an average cost of Rs 197.99, with the transaction completed on 20 November, totaling approximately Rs 48.3 crore in acquisition cost
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Among the offerings is "Corporate ai1," an application providing a comprehensive 360-degree view of dashboards, forex transactions, and trade finance services like LCs and BGs, along with a bulk payment option
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Finance Minister Nirmala Sitharaman proposed in the budget that insurance policies with an aggregate premium over Rs 5 lakh and a taxable maturity amount would not be exempt from tax, effective 1 April 2023
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The partnership is expected to bring a range of benefits to customers seeking financial security and life protection
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RBI slaps Rs 25,000 penalty on Pudukkottai Co-operative Town Bank for non-compliance
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Central bank has given 'no-objection' for Rs 10,000 crore resolution plan by IIHL
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The impact is expected to be minimal on the 'buy now, pay later' and merchant loan segments
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