Tag: Reserve Bank of India

Bank of Maharashtra receives regulatory approval for its GIFT City branch

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Mumbai (Maharashtra) [India], February 17: Bank of Maharashtra, a premier public sector bank in India, announced today that it has received approval from Reserve Bank of India to set up an International Financial Services Centre (IFSC) Banking Unit in GIFT City. The branch will function as Bank of Maharashtra’s first international branch carrying out offshore […]

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UGRO Capital to remain unaffected after RBI tighten norms

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New Delhi (India), November 23: After the Reserve Bank of India (RBI) tightened norms for consumer credit, the DataTech driven dedicated MSME lender UGRO Capital said that with its diversified lender base, strong co- lending partnerships and focus on priority sector led MSME, they do not expect any impact of the increased risk weights of Bank lending to NBFCs either on our […]

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