The number of fraud cases also increased to 15.51 lakh in March 2024, compared to 11.5 lakh in the previous six-month period, according to RBI data
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FirstCry, supported by investors like SoftBank, TPG and Mahindra and Mahindra in India, specialises in selling baby products such as clothing, diapers and toys, targeting new parents in India
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During the ongoing cycle, corporates are exhibiting better risk management practices compared to the previous debt capex cycle (FY10-FY14), avoiding excessive leverage buildup
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The RBI noted that these entities typically employ local agents to open accounts at various bank branches to collect funds for margin, investment and charges associated with illegal forex trading activities
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Sankar, who assumed office in May 2021 for a three-year term, has been with the RBI since 1990, holding various positions before becoming Deputy Governor
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Although the money was refunded after his tweets went viral, Dewan stated that the bank has not yet provided an official explanation for the initial issues
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Following this announcement, Axis Bank's shares experienced a significant spike, with the stock trading at Rs 1130.20, marking a 6.30 per cent increase from the previous close
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The rate of growth of India's gross domestic product varies across different agencies. How can the average taxpayer decode the implications of varying data points?
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