HDFC Bank shares may gain amid potential MSCI Index weight change
The MSCI EM Index rebalancing in August, with the official announcement on August 13, will likely drive preemptive price action.
![hdfc bank shares may gain amid potential msci index weight change](https://img.etb2bimg.com/files/cp/upload-1716885554-etbfisi-default.webp?width=150&height=112)
The MSCI EM Index rebalancing in August, with the official announcement on August 13, will likely drive preemptive price action.
The government is expected to focus on infrastructure, defence, renewable energy, agriculture, and railways in the upcoming Budget, according to experts.
BCT Digital’s rt360 Real-Time Monitoring System has been approved by the Reserve Bank of India, following successful regulatory sandbox testing. Developed with IDBI Bank, this system focuses on credit fraud prevention and aims to provide real-time transaction monitoring.
This marks an improvement from the previous year's ratio of 99.06%, highlighting the company’s efforts to enhance customer financial security and claims processing efficiency.
Nine NBFCs, including Vigfin Holdings, Fino Finance, and Ujjivan Financial Services, have surrendered their Certificates of Registration to the RBI. The cancellations were due to exiting the business, meeting criteria for unregistered CICs, and corporate changes such as amalgamation and merger.
The Fund was never aware that Hindenburg was a partner of any of its investors, said the bank's spokesperson.
The RBI has requested stakeholders to email their comments on the draft regulations and directions by September 1, 2024, with the subject "Feedback on FEMA export and import drafts."
Over the last 12 months, credit offtake expanded by Rs 26.9 lakh crore to reach Rs 167.1 lakh crore as of June 14, 2024.
A recent report by Praxis Global Alliance has shown exponential growth in digital lending volumes and values in digital transactions. Here's what the report said:
Watch this insightful conversation with Karthikeyan K. of KreditBee, at the 3rd Edition of ETBFSI FinNext Summit 2024 in Bangalore. In this exclusive video byte, Karthikeyan delves into critical topics in the fintech industry.Watch: KreditBee’s Karthikeyan K. on FinTech Trends, Regulation, and Innovation
Under the project, rather than an IPS operator building custom connections for every new country to which it connects, the operator only needs to make one connection to Nexus.