NBFCs seek RBI rethink on revolving credit curb

Senior representatives of some of the country’s largest NBFCs met on August 14 to discuss the issues they intend to raise with the RBI. The lenders will make a formal representation through the Finance Industry Development Council, the industry body…

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RBI moves to distance self from bank deposit ratings

The Reserve Bank of India has instructed rating agencies to refrain from categorizing it as the regulator overseeing bank deposits. This recent directive raises the possibility that these credit assessment organizations may halt the evaluation of bank deposits entirely. With…

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IPO Rush: 9 issues to raise around Rs 7,100 crore this week

Mumbai’s primary market anticipates a busy week with seven mainboard IPOs. These offerings aim to collectively raise approximately ₹7,100 crore in capital. Horizon Industrial Parks plans the largest IPO, seeking ₹2,600 crore. Lalithaa Jewellery Mart follows, intending to raise ₹1,700…

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