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Reserve Bank of India strikes Rs 1-crore punishment on Bajaj Finance

MUMBAI: The Reserve Bank of India has forced a punishment of Rs 1 crore on Bajaj Finance for lacks in administrative consistency. As per RBI, the punishment has been forced, by a request on January 3, for infringement of ‘Reasonable Practices Code of Master Direction DNBR’. “This action is based on deficiencies in regulatory compliance …

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ICICI Bank launches premium savings account for men

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ICICI Bank has introduced another top-notch investment account for upwardly-portable male clients, named ‘The ONE’. It is accessible in two variations – Magnum and Titanium. It offers the account holder with advantages including the alternative of choosing health and term disaster protection. It additionally forgoes the handling expenses for home advances for account holders. At the …

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What Are The Some Basic Criteria That Banks Check To Set Credit Limits To Their Customers?

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Credit Limits: To Know How Credit Limits Works, You Have To Understand Billing Cycles This Is The Amount Of Time Between Monthly Bills Being Due. The Main Factors Which Is Work On Fixing Credit Limits Are Given Below. Salary: The Salary That An Employee Withdraws Plays An Important Role In Setting Credit Limit. It’s The …

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