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George Alexander Muthoot affirms Muthoot Finance's readiness for the RBI's directive, ensuring seamless transitions to bank transfers for loans exceeding Rs 20,000. Compliance remains a key focus in the NBFC sector, with vigilance against non-compliant lenders. Muthoot says: Nobody is going anywhere because the customer will not get cash elsewhere. All NBFCs are the same way."
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News and Media
Bajaj Consumer Care's shares plunged 8% on BSE as Q4 FY24 net profit declined 12% YoY. However, FY24 PAT increased by 11%. The company also approved a buyback proposal, offering a 11% premium over the closing price on NSE.
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News and Media
Shares of TVS Motor Company surged nearly 6% on Thursday on BSE to the days high of Rs 2,121.30 as the company reported an 18% year-on-year (YoY) increase in standalone net profit to Rs 485.43 crore for the fourth quarter ended March 31, 2024.
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News and Media
Go Digit General Insurance's IPO, opening on May 15 and closing on May 17, includes a fresh share issue of Rs 1,125 crore and an OFS of 54,766,392 shares. Promoter Go Digit Infoworks, Virat Kohli, Anushka Sharma offload stakes.
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News and Media
Muthoot Finance and Manappuram Finance shares dropped 8-9% on BSE following an RBI advisory on cash disbursal of loans. The RBI instructed NBFCs to comply with the Income Tax Act, limiting cash disbursement to Rs 20,000.
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News and Media
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