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SBI to raise up to Rs 50,000 crore in FY24 by issuing debt instruments

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BENGALURU (Reuters) -State Bank of India, the country's largest lender, said on Friday it plans to raise up to 500 billion rupees ($6.06...
Finance

India tops world ranking in digital payments with 89.5 mn transactions

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India with 89.5 million digital transactions in the year 2022 has topped the list of five countries in digital payments, according to data...
Finance

Clarification on applicability of TCS on overseas credit card spends soon

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The tax department will soon come out with a clarification in the form of FAQs to distinguish between expenses incurred on personal visits...
Finance

IIFL Finance keen to raise more funds through bond market, says CFO

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Banks tier II bond issuance surges 3.5 times in FY23, shows dataBludgeoned bond markets hope peak inflation to bring revival: AnalysisNo word from...
Finance

Go Digit Life Insurance gets Irdai nod to carry life insurance business

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Regulator Irdai on Friday said it has given permission to Go Digit Life Insurance Limited to carry the life insurance business in India. Go...
Finance

TVS Credit Services raises Rs 480 crore capital from Premji Invest

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TVS Credit Services, a leading non-banking financial company, on Friday announced that it has successfully raised equity capital of Rs 480 crore from...
Finance

EV financing platform Revfin raises $5 million in investment from DFC

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As govt cuts down subsidy, EV two-wheelers may get costlier from June 1EV push, pent-up demand: Why auto exports fell in April amid...
Finance

Go Digit Life Insurance receives IRDAI’s approval to start business

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New tax norm to hurt insurers; stocks attractive for the long run: AnalystsIRDAI asks insurers to suo motu settle claims of Odisha rail...
Finance

RBI notifies 4 key measures to strengthen 1,514 urban co-operative banks

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Aiming to strengthen 1,514 urban co-operative banks, the Centre on Friday said the Reserve Bank has notified four key measures, including giving them...
Finance

India’s forex reserves snap 2-week decline, jump $5.9 bn to $595 bn

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India's forex kitty jumped $5.929 billion to $595.067 billion for the week ended June 2, the Reserve Bank said on Friday. The reserves had...
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