RBI concluded that the charge of non-compliance with the instructions was substantiated and justified the imposition of a monetary penalty. The Reserve Bank of India (RBI) on Tuesday imposed a monetary sanction of Rs 2.50 million on Bajaj Finance for using coercive recovery methods from its borrowers and for violating …
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The September quarter performance of consumer lender Bajaj Finance showed that recovery from the COVID-19 pandemic could be slow and protracted. The net profit of the non-bank finance company fell 36% from the previous year period, as it had to reserve ₹Rs 1,634 crore towards asset quality risks. See full …
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Sensex finished 601 points higher on Tuesday 2 min read . Updated: October 7, 2020 09:51 AM IST Madhumita Sen Choudhury The benchmark indices won with Sensex at 39,801, while Nifty rose to 11,700. Bank Nifty down 1% Welcome to the Mint Live Blog. Follow this space for the latest …
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Here is a list of the top ten stocks that may appear in the news on Wednesday: State Bank of India: The government appointed Dinesh Kumar Khara as SBI president on Tuesday, and Rajnish Kumar resigned at the end of his three-year term. The Board of Banks Bureau had recommended …
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Indian stocks extended gains till the fourth day today when they closed nearly 1.5% higher. Financial shares gained 2.8% with the Nifty Banking Index. The NSE Nifty 50 index rose 1.55% to close at 10,471 on Tuesday and the benchmark S&P BSE Sensex rose 500 points to 35,464. Larsen & …
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[ad_1] After a long sleep for more than a decade, the India’s largest non-bank consumer lender and its investors are coming to terms with a new normal of low growth, and asset quality erosion. Bajaj Finance knows that not much can be done about low growth due to quarantine Indians …
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