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Ujjivan Small Finance Bank, after facing headwinds amid the COVID-19 pandemic, is charting out a more balanced growth path by increasing its secured loan book to 50 per cent of total assets over the next two-three years. As part of its asset diversification strategy, the lender has already resumed
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Shoppers walk in front of a Target store at the Lycoming Crossing shopping plaza in Muncy, Pennsylvania.Sopa Images | Lightrocket | Getty ImagesCheck out the companies making headlines in midday trading.Target – Shares plunged 25.6% after the retailer reported disappointing quarterly results, citing high fuel costs and inventory troubles.
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Sod Tatong | Moment | Getty ImagesScammers are exploiting a nationwide baby formula shortage, tricking consumers into paying hefty prices through fraudulent online stores, the Federal Trade Commission said Wednesday.The con artists lure "desperate parents and caregivers" via fake websites or social media profiles with images and logos of
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“He advised the banks to remain watchful of the recent geopolitical developments and take mitigating measures proactively, including raising of capital for ensuring that the potential impact on their balance sheets are minimised,”RBI Governor Shaktikanta Das said. Source link
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on Wednesday said it has divested its entire stake of over 19 per cent in ARCIL to Avenue India Resurgence Pte. The lender, however, did not disclose the deal value. "...IDBI Bank has sold its entire holding of 6,23,23,800 fully paid-up equity shares constituting 19.18 per cent of
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Twitter CEO Jack Dorsey addresses students during a town hall at the Indian Institute of Technology (IIT) in New Delhi, India, November 12, 2018.Anushree Fadnavis | ReutersBlock executives no longer want the firm to be seen as a payments pure play.The San Francisco-based company held its first investor day
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Mass market life insurer, Shriram Life Insurance has set a target of 30% growth in overall gross premium in the current year as it drives deeper into rural markets and makes investments in digital channels to reach out to prospective customers. Shriram Life has well over 40% of its business
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UCO Bank on Wednesday said it has designated Sujoy Dutta as the new chief financial officer with immediate effect. "Sujoy Dutta, deputy general manager of our bank, has been designated as new Chief Financial Officer (CFO) of the bank with immediate effect in place of Shashi Kant Kumar, general
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Goldman Sachs CEO David Solomon is advising his clients to be more cautious with their finances because the Federal Reserve's moves to combat inflation could result in recession or other negative consequences.Higher interest rates and a reversal in the Fed's bond-buying programs are "going to have an impact on
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A decline in bets on startups led to a 27 per cent drop in investments by private equity and venture capital funds in April 2022 at USD 5.5 billion, as per a report released on Wednesday. However, the overall investment was 11 per cent higher than the USD 5
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