According to a report by Jefferies, the profits of AMCs could potentially decline by 30 per cent as a result of the fee caps
Read MoreDisbursement volume and value more than doubled, and employee headcount climbed up by 42 per cent since FY21-22
Read MoreAs 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
Read MoreThe funds raised will be used to repay existing liabilities, primarily from banks, says Managing Director Nirmal Jain
Read MoreHigher risk weights would restrict banks' lending capacity in the unsecured personal loan and credit card segments, as it would increase the capital charge
Read MoreSBI 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
Read MorePreviously, 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
Read MoreAround 85 per cent of the Rs 2000 notes are deposited in bank accounts and not exchanged for smaller denominations
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