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Vets in its branch: MSME lender Moneyboxx tries a different approach to lending

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RBI penalises Union Bank of India, Transactree Technologies

RBI penalises Union Bank of India, Transactree Technologies

The Reserve Bank of India (RBI) on Friday announced penalties on Union Bank of India and Transactree Technologies for not following certain regulatory rules. Union Bank of India has been fined Rs 63.6 lakh for not complying with some parts of the Banking Regulation Act, 1949, and for not following...

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Edelweiss Asset Management launches new brand identity ‘altiva SIF’

Edelweiss Asset Management launches new brand identity ‘altiva SIF’

Edelweiss Asset Management announces the launch of altiva SIF, a new brand identity for its Specialized Investment Funds (SIFs) business. altiva SIF will offer differentiated investment solutions across equity, hybrid and fixed income categories, catering to evolving investor needs. The fund house is amongst the first few to foray into...

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Half of India’s vehicles still uninsured, says New India Assurance chief

Half of India’s vehicles still uninsured, says New India Assurance chief

Nearly half of India’s automobiles remain uninsured, posing significant risks to accident victims and the broader insurance ecosystem, despite the availability of data on vehicle insurance, reported TOI citing Girija Subramanian, CMD of New India Assurance, the country’s largest general insurer. “Only 52% of vehicles are insured. Although the data...

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India’s port restrictions on Bangladesh imports to help MSMEs: Experts

India’s port restrictions on Bangladesh imports to help MSMEs: Experts

NEW DELHI: Restrictions imposed by India on certain Bangladeshi goods will help the domestic ready-made garment industry, particularly MSMEs, to enhance their competitiveness, according to experts. On May 17, India restricted imports worth $770 million from Bangladesh, covering nearly 42 per cent of bilateral imports. Key goods like garments, processed...

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