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Mark Cuban-backed banking app Dave begins trading on the Nasdaq after completing SPAC merger

Dave banking appSource: DaveLos Angeles-based banking app Dave began trading on the Nasdaq on Thursday, becoming one of the first companies to close a SPAC merger and go public in 2022. At the opening price of $8.27, the fintech's implied market cap was approximately $3.1 billion, according to SPAC

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Lack of consistent income key reason for most people being out of financial inclusion: Nabard

Most people are still out of financial inclusion due to the lack of consistent income and there is a need to spread financial awareness and generate income for them to include more people in the formal financial system, Nabard Chief General Manager Goverdhan Rawat said on Wednesday. Rawat was speaking

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Aligning LCR norms for small biz accounts with Basel standards, RBI hikes funds cap by 50 pc

The Reserve Bank has increased the threshold for deposits and other funds of non-financial small businesses by 50 per cent to Rs 7.5 crore for the purpose of maintenance of Liquidity Coverage Ratio (LCR), with the aim to better align its regulations with Basel norms and also enable banks

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DPIIT to come out with revised FDI policy to facilitate LIC disinvestment: Secretary

The commerce and industry ministry is making changes in the foreign direct investment (FDI) policy to facilitate disinvestment of the country's largest insurer LIC, after taking views from the finance ministry, a top government official said on Thursday. Anurag Jain, secretary in the Department for Promotion of Industry and Internal

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