On May 3rd, Bajaj Finance witnessed a remarkable surge of 7.5%, reaching Rs 7,400 per share, following the Reserve Bank of India’s (RBI) decision to lift curbs on its two digital lending products, ‘eCOM’ and online ‘Insta EMI Card’, effective immediately. Brokerages maintained a bullish stance on the NBFC giant, foreseeing a positive trajectory for … Read more
The Reserve Bank of India (RBI) announced the rejection of applications from Dvara Kshetriya Gramin Financial Services Private Limited and Tally Solutions Private Limited for setting up small finance banks. The decision was revealed in a press release issued by the central bank on April 12, 2024. Under the guidelines for ‘on tap’ licensing of … Read more
In a decisive move towards ensuring adherence to regulatory standards, the Reserve Bank of India (RBI) announced on April 8th that it has imposed monetary penalties on five cooperative banks for violations of established rules and guidelines. The banks facing penalties include The Uttarakhand Grameen Bank, Nagar Sahkari Bank, The Raj Laxmi Mahila Urban Co-operative … Read more