Hinduja in the driver's seat as RBI is likely to extend the payment deadline for them, since they had bid Rs 1200 crore more than Torrent Group
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Banks and financial institutions have been investing in IT infrastructure to manage operations, but compliance depends on many parameters
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The rating agency noted that the advisories being put out by the RBI concerning non-bank financial institutions (NBFIs) in the recent past have highlighted the compliance gaps in the sector
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The proposed guidelines require lending service providers (LSP) to digitally share information about all available loan offers from willing lenders with whom they have lending arrangements
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Within days of its launch in the capital, the book has evoked strong emotions and critiques. Duvvuri Subbarao talks to BW Businessworld about both his book and its critics. Excerpts of a conversation with Madhumita Chakraborty
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The guidelines suggest provisioning for project loans from the current rate of 0.4 per cent to a range of one to five per cent without mentioning a lower threshold of financing
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Bank of Baroda reported a 2.3 per cent growth in net income at Rs 4,886 crore for the March quarter
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The RBI typically conducts six bimonthly meetings in a financial year, where it deliberates interest rates, money supply, inflation outlook
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While some eastern cities have been spared, many parts of the country are experiencing severe heatwaves, prompting people to avoid going out during the hottest hours of the day
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RBI instructs both NBFCs to rigorously abide by the Income Tax Act's (IT) cash distribution provisions
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