financial products

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    IPO-Bound Turtlemint Boosts Infrastructure for Expansion

    New Delhi, March 26 Turtlemint Fintech Solutions Ltd, which is expected to launch its initial public offering (IPO) in May, plans to invest over ₹218 crore in cloud and server-related infrastructure, as well as strengthening its technology and product development teams, as it looks to drive...
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    Jio Financial Services Launches New Features in Finance App

    Mumbai, February 27 Jio Financial Services announced on Friday the expansion of its app to function as a marketplace, which will also sell products from third-party companies.The new JioFinance app, powered by artificial intelligence, machine learning, and neural networks, will eventually...
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    Finance Minister Calls for Customer-Centric Banking, Focus on Loans and Deposits

    New Delhi, Feb 23 – Finance Minister Nirmala Sitharaman on Monday strongly criticized banks for mis-selling financial products, including insurance, to customers, urging them to focus on their core business instead."Banks should concentrate on their core business...My main concern has always...
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    RBI Issues Guidelines on Mis-Selling, Banks Face Stricter Rules

    New Delhi, February 23 Finance Minister Nirmala Sitharaman on Monday strongly criticised banks for mis-selling financial products, including insurance, saying it is a violation of the Bharatiya Nyaya Sanhita (BNS)."Banks should focus on their core business... My biggest concern has always...
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    Crisil Upgrades Si Creva Capital Services Amidst Strong Growth

    New Delhi, February 17 Digital lending platform Kissht, operated by Onemi Technologies, announced on Tuesday that its NBFC arm, Si Creva Capital Services, has received a credit rating upgrade from Crisil Ratings, reflecting strong business momentum and a healthy capital position.Crisil...
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    Indian Overseas Bank Introduces 444-Day Term Deposit with Attractive Rates

    New Delhi, February 14 Caspian Debt has been rebranded as Udhyam Debt under the BlackSoil Capital banner, marking a new phase for the platform as it deepens its focus on financing India's micro, small and medium enterprises (MSMEs).Building on Caspian's strong underwriting legacy in the MSME...
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    Banks to Limit Incentives, Enhance Customer Consent Under RBI Proposal

    Mumbai, February 11 Banks should refrain from offering any incentives that could lead to the mis-selling of products or services, the Reserve Bank proposed on Wednesday.In its draft amendment directions for advertising, marketing, and sales of financial products and services by regulated...
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    BoB Announces New Car Loan Rates and Offers

    New Delhi, February 9 State-owned Bank of Baroda (BoB) announced on Monday a 30-basis-point reduction in its car loan interest rates, effective immediately.The bank's floating rate now starts from 7.6 per cent per annum, BoB said in a statement.The bank also offers an attractive fixed...
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