According to a report by Jefferies, the profits of AMCs could potentially decline by 30 per cent as a result of the fee caps
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Disbursement volume and value more than doubled, and employee headcount climbed up by 42 per cent since FY21-22
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As per the report, UPI linkage to credit accounts and tie-ups with real-time payments systems of other countries will further increase foreign inward remittance
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The funds raised will be used to repay existing liabilities, primarily from banks, says Managing Director Nirmal Jain
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Higher risk weights would restrict banks' lending capacity in the unsecured personal loan and credit card segments, as it would increase the capital charge
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SBI will raise the funds in rupee or any other convertible currency by issuing debt instruments, including long-term bonds, Basel III-compliant Additional Tier-1 (AT-1) bonds and Tier-2 bonds, the bank said in an exchange filing
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Previously, the RBI had expressed openness to the concept of FLDG in its Digital Lending Guidelines. However, this is the first explicit approval of such a product by the banking regulator
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Around 85 per cent of the Rs 2000 notes are deposited in bank accounts and not exchanged for smaller denominations
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