RBI
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Franchise India Bureau Mar 19 2019 - 1 min readThe Reserve Bank of India (RBI) has provided the Renewal of Authorization for Vakrangee Limited. RBI has extended the validity of Authorization issued to Vakrangee limited to set up, own and operate the White Label ATMs in India. The validity has been extended till March 31, 2020. Under Scheme “B” opted at the time of ...
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Franchise India Bureau Dec 11 2018 - 1 min readUrjit Patel has resigned as the Governor of the Reserve Bank of India (RBI), citing personal reasons. He took over as the 24th Governor of the central bank on September 5, 2016. Urjit's resignation comes against the backdrop of increasing tensions between the Finance Ministry and the Reserve Bank of India. He had the shortest tenure ...
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Sneha Santra Dec 07 2018 - 2 min readThe emerging innovations in digital space have changed the way we manage and handle our finances. Digital payment has become the most preferred choice of payment among the millennials. After the famous demonetisation, the usage of online transactions has considerably increased. Because of the government’s unrelenting ‘Digital India’ push, digital transactions in the country reached a ...
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Franchise India Bureau Jul 03 2018 - 0 min readManappuram Finance Ltd said on Wednesday it has agreed to acquire an 85.39% stake in Indian School Finance Company Pvt. Ltd (ISFC) for Rs 212.20 crore. Hyderabad-based ISFC is a non-banking financial company that lends mainly to the education sector. The transaction is subject to approval of the Reserve ...
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Franchise India Bureau Apr 19 2018 - 1 min readThe UK-based Liberty House is likely to bid for debt-laden ABG Shipyard Ltd for the third time after creditors invited fresh proposals. Liberty’s bid in the first round was rejected as the offer was below ABG Shipyard’s liquidation value of Rs 2,200 crore. In the second round, it failed to comply ...