ProfitNama

12 June 2024

Aggregate NPA Provisions for Banks Rise in March After Eight Quarters

After a period of decline, banks have increased provisions for NPAs. Explore the implications for the financial sector and investors. Source and citation: Analysis based on ET Bureau article dated June 12, 2024, about trends in banking sector provisions. TLDR For This Article: After eight quarters of declining trends, major banks including SBI, Bank of […]

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All Insurers Must Offer Basic Cover, Meet Settlement Deadlines: IRDAI

IRDAI’s latest regulations enhance customer rights and modify insurance offerings. Discover how this affects the industry and investors. Source and citation: Analysis based on the recent ET Bureau article from June 12, 2024, discussing IRDAI’s new insurance regulations. TLDR For This Article: IRDAI mandates all general insurers to offer a basic insurance product, introduces flexible

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PE Investors in IPO-bound Cos Have to Forgo Special Rights

Sebi advises IPO-bound companies to drop special rights for private equity investors before filing updated IPO documents. Source and citation: Analyzed from an ET Bureau article by Reena Zachariah, dated June 12, 2024. TLDR For This Article: Sebi’s advisory requires private equity investors to forgo special rights in companies preparing for IPOs, aiming to level

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Deposits Lag Credit Growth as Savers Look for Higher Returns Elsewhere

Explore how the decline in bank deposits against rising credit growth impacts banks and investment trends. Source and citation: Based on an analysis of trends reported by Joel Rebello, ET Bureau, June 12, 2024. TLDR For This Article: Recent shifts show bank deposit growth lagging behind credit growth as savers seek higher returns in other

Deposits Lag Credit Growth as Savers Look for Higher Returns Elsewhere Read More »

To Boost Make in India, DPIIT to Meet Toy Cos and Flipkart Today

DPIIT’s upcoming workshop with Flipkart and toy companies aims to elevate India’s role in the global toy market. Source and citation: Information derived from an ET Bureau article, dated June 12, 2024. TLDR For This Article: The Department of Promotion of Industry and Internal Trade (DPIIT) plans to meet with Flipkart and Indian toymakers to

To Boost Make in India, DPIIT to Meet Toy Cos and Flipkart Today Read More »

Import of Certain Gold Jewellery Studded with Stones Restricted

India restricts certain gold jewellery imports. How does this affect industries and investments? Learn more. Source and citation: Analysis based on a recent report by ET Bureau, dated June 12, 2024. TLDR For This Article: India has tightened restrictions on the import of gold jewellery studded with stones, requiring a government permit for such imports,

Import of Certain Gold Jewellery Studded with Stones Restricted Read More »

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