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RBI allows HDFC Bank group to buy up to 9.5% stakes in ICICI Bank, 5 others
HDFC Bank, the country's largest private lender, will acquire stakes in Axis Bank, ICICI Bank, YES Bank, Suryoday Small Finance Bank, IndusInd Bank, and Bandhan Bank
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India must sustain growth momentum, secure at least 7% growth in FY25: RBI
Earlier this month, India's statistics office forecast annual growth of 7.3%, the highest among major global economies, for the current fiscal year ending in March
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RBI report: Bad assets of banks decline multi-year low to 0.8% in Sept
The gross non-performing assets (GNPA) ratio of banks also declined to a multi-year low of 3.2 per cent, it said
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Stock Market Today: Nifty 50 settles near 21,000 as RBI raises growth forecast; bank, IT stocks shine
This raised expectations that the central bank won't hinder growth and might lower interest rates if needed
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Stock Market Today: Nifty 50, Sensex snap 7-day winning streak; mid, smallcaps outperform; RBI MPC outcome in focus
Nifty 50 today opened at 20,932.40 against the previous close of 20,937.70 and touched its intraday high and low of 20,941.25 and 20,850.80 respectively
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Jio Financial Services seeks RBI approval to convert from NBFC to CIC
CICs are NBFCs that invest in the equity shares, preference shares or convertible bonds or loans of their group companies
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RBI mulls new penalty framework for banks: Report
There is also speculation about the possibility of imposing additional capital charges on regulated entities, as per the report
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