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Follow instructions in letter and spirit while funding infra projects of government entities: RBI to banks

Concerned over violation of its norms, the RBI on Tuesday asked banks to follow its instructions in "letter and spirit" while extending loans to government-owned entities for infrastructure and housing projects. In a circular, the RBI said it has come across instances where banks have not been strictly complying with

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IDBI Bank raises interest rates on retail term deposit by up to 25 basis points

today announced an increase in the interest rate by up to 25 basis points on term deposits less than Rs. 2 Crores. With effect from June 15, 2022, the revised rates would be applicable across various tenors for domestic term deposits, Non-Resident Ordinary (NRO) and Non Resident External

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Capital markets will be completely dead for a long time, says former NYSE president

ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailTom Farley, former NYSE president and currently the CEO of Far Peak, a special-purpose acquisition company expected to merge with Bullish, a crypto exchange, joins CNBC's 'Squawk Box' to break down his expectations for capital markets, crypto

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Novogratz says crypto going through a ‘Long Term Capital Management moment’ but nearing a bottom

Michael NovogratzAnjali Sundaram | CNBCCrypto investor Michael Novogratz is drawing parallels between crypto and Long Term Capital Management, a highly leveraged hedge fund that blew up in the late 1990s."We are going through what feels to me a little bit like a Long Term Capital Management moment in crypto," Novogratz

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Rs 18 lakh crore NBFC debt set to become dearer by 85-105 bps this fiscal

Borrowing costs for non-banking financial companies (NBFC) are expected to become costlier by 85-105 basis points in the current financial year due to an increase in policy rates by the Reserve Bank of India (RBI), CRISIL Ratings said in a report released on Tuesday. However, the overall profitability of NBFCs

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Stocks making the biggest moves in the premarket: Continental Resources, Oracle, National Vision and more

Take a look at some of the biggest movers in the premarket:Continental Resources (CLR) – The oil and natural gas producer's stock rallied 7.4% in the premarket after receiving a $70 per share "take private" bid from Chairman Harold Hamm and his family. The company's board will establish an

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Profitability for NBFCs may remain stable despite squeeze in margin

Borrowing costs for non-banking financial companies (NBFCs) are seen rising 85-105 basis points (bps) this fiscal. However, overall profitability is expected to remain steady cushioned by a reduction in credit costs, Ratings said. “Last fiscal, many NBFCs had released their provisioning buffers partially, which had reduced their credit costs.

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