[ad_1] The story goes so far: In a bid to force a possible redemption of the mutual fund industry after implementing the Franklin Templeton Mutual Fund’s six-day loan scheme, the Reserve Bank of India (RBI) announced a special liquidity window on Monday. Rs 50 billion for mutual funds. Under the …
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[ad_1] The Reserve Bank of India (RBI) on Saturday canceled the license of Mumbai-based CKP Co-operative Bank Ltd. The license of CKP Co-operative Bank Ltd was canceled with the impact of the closure of the company on April 30, 2020, because the monetary place of the financial institution had worsened. …
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[ad_1] RBI Archive Image | (Photo credits: PTI) Mumbai, May 2: Fear and panic seized the clients of the CKP Cooperative Bank in Mumbai after the Reserve Bank of India (RBI) canceled the bank’s license due to poor financial health and growing debt. Reports report that the central bank revoked …
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[ad_1] Coronavirus Outbreak LATEST Updates: A 68-year-old patient who had tested positive for COVID-19 had passed away in Pune. The cause of death is reported to be an acute respiratory failure due to ARDS with Myocarditis with COVID-19 infection. Meanwhile, Reserve Bank of India Governor Shaktikanta Das is expected to …
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[ad_1] New Delhi: Axis Bank posted a net loss of Rs 1,387.78 million on Tuesday for the quarter ending March 31 against a net gain of Rs 1,505.06 million in the same period last year. Analysts in an ET NOW survey had projected the number at Rs 1.9 billion rupees. …
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[ad_1] NEW DELHI: The Modi government has waived Rs 68,607 crore from the top 50 bank loan defaulters, including Nirav Modi, Mehul Choksi and Vijay Mallya, Congress alleged Tuesday, citing an RTI response from the Reserve Bank of the India (RBI). Congress also alleged that the government gave up loans …
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[ad_1] Axis Bank’s board has approved the purchase of an additional 29% stake in Max Life Insurance, which will raise the private lender’s total stake in the insurer to 30%. Max Financial Services currently owns a 72.5% interest in Max Life and Mitsui Sumitomo Insurance (MSI) has a 25.5% interest. …
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[ad_1] NEW DELHI: Equities indices rose on Monday with benchmark BSE sensex rising more than 600 points in opening trade led by gains in banking, automotive and pharmaceutical stocks amid positive global signals. The 30-share BSE index rose 630 points or 2.01 percent to 31,958; while the broader NSE Nifty …
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[ad_1] Top 5 / Top 10 Modified on April 24, 2020, 23:35 IST Will King Corbin win a second chance to rewrite history? In 2017, Baron Corbin earned the money at the bank. He planned to cash out his contract with Jinder Mahal, who was in a match against John …
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[ad_1] Mumbai: UBS has cut target price of banks by 5-41% as it believes risk-reward remains unfavorable in the sector while risks to collections and credit culture are rising. The brokerage has downgraded its rating on HDFC Bank to neutral from buy and cut target price on it to Rs …
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