The company announced the closure of a USD 400 Million equity investment round led by Mitsubishi UFJ Financial Group, Inc. with participation from existing investors including Sumitomo Mitsui Trust Bank Limited
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BFSI segment accounts for about 30 per cent of the sector's revenues, followed by retail and consumer packaged goods with 15 per cent
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It may be recalled that the merger between two of the largest banks of Switzerland was arranged by the Swiss government on 19 March this year after receiving concerns about the global financial crisis
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The RBI's working group report found that the amount of loans disbursed between 2017 and 2020 increased from Rs 11,671 crore to Rs 1,41,821 crore, representing a twelvefold rise
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Furthermore, Sebi has authorised a framework to strengthen the role and accountability of mutual fund administrators in order to protect the interests of unitholders
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According to an exchange notification, the company will issue 29 new equity shares for every 54 shares of its existing shareholders. Earlier the housing finance board had nodded to the rights issue in March 2022
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Another set of data underlined the PSBs managed to recover a little over Rs 1 out of Rs 5 in written-off accounts for the financial year 2022, picking up a pace of recovery from around 8 per cent in 2017-18 to a little over 21 per cent in FY22
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The Minister also stated that Crypto assets are currently unregulated in the country, however, transactions in cryptocurrencies are subjected to provisions of various laws like the Prevention of Money Laundering Act, 2002 and Income-Tax Act, 1961
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