JM Financial hits 1st close of ₹600cr for its maiden credit fund
Financial service group JM Financial has hit the first close of its maiden performing credit fund - JM Credit Opportunities ...
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Tag: bfsi
PM ups the ante for co-op; askes it to partner govt for a developed India
Addressing the 17th Indian Cooperative Congress at Pragati Maidan in New Delhi on Saturday, Prime Minister Shri Narendra Modi upped ...
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Banks’ net interest margin jumps 46 basis points to 3.3% in March quarter, says report
Banks' net interest margin (NIM), a key profitability gauge, grew 46 basis points to 3.3 per cent in the January-March ...
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Bank of Baroda plans to divest up to 49 pc in credit card arm
State-owned Bank of Baroda (BoB) plans to sell up to 49 per cent stake in credit card business arm BOB ...
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SBI launches fully revamped YONO app; to have UPI features like scan & pay
The State Bank of India (SBI) launched its fully revamped digital banking application ‘YONO for Every Indian’ on Sunday. With ...
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Fintechs seek first loss default guarantee cover for co-lending deals
Digital lenders are set to lobby with the Reserve Bank of India to extend the first loss default guarantee cover ...
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Sundaram Alternates launches Rs 1,500 cr realty private credit fund
Sundaram Alternates, an arm of Chennai-based Sundaram Group, on Thursday launched its fourth high-yield credit fund with a corpus of ...
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India’s indigenous HDFC to seal place in top echelons of world’s most valued banking space
In a remarkable feat, an indigenous Indian company will ascend to the upper echelons of the global banking landscape, as ...
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Banks racked up Rs 71,871 crore of notional bond losses in FY23, one-third of profits
Indian banks might have been poorer by more than ₹70,000 crore, representing close to one-third of their reported profits in ...
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Finance ministry opts to simplify Insurance Act first; industry awaits reforms
Ahead of anticipated major reforms in the Insurance Amendment Bill, the ministry of finance has proposed a separate exercise aimed ...
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