The RBI allowed invoicing and payments for international trade in Indian Rupee on 11 July 2022
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In comparison to the same quarter last year, the overall premium increased 16 per cent to Rs 11,673 crore
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The Value of New Business stands at Rs 438 crore, accompanied by a VNB margin of 30.0 per cent for Q1-FY2024
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The bank's net profit also experienced substantial growth, increasing from Rs 9,196 crore in the corresponding quarter last year to Rs 11,951 crore in Q1FY24
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In a letter to shareholders, he stated his decision to step down from his whole-time position
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The drop in profit exceeded analysts' expectations, who had predicted a decline of around 14 per cent
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The bank has also launched a UPI QR code interoperable with India's sovereign digital currency
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BOI’s net profit jumped by 18.15 per cent, which went up from Rs.3,405 crores in FY22 to Rs.4,023 crores in FY23
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The fund’s portfolio construction would follow the flexi cap approach from a market cap allocation standpoint and will be actively managed
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According to the CME FedWatch tool, markets are now anticipating an 84 per cent likelihood of a 25 bps rate hike by the Fed in the upcoming July 2023 meeting
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