Banking and Financial Services play a vital role in the growth of an economy. Uday Kotak’s Kotak Mahindra Bank stake makes him the richest in the BFSI category. He is followed by George Jacob Muthoot & Family of Muthoot Finance and Sanjay Agarwal of AU Small Finance Bank.
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Uday Kotak Richest in BFSI
Uday Kotak’s Kotak Mahindra Bank stake makes him the richest in the BFSI category
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RBI stops 4 NBFCs, including Sachin Bansal’s Navi, from disbursing loans
RBI says this action is based on concerns observed in the pricing policy of these NBFCs.
Axis Bank Q2 profit rises 18% on strong core biz growth
The robust profit growth was fuelled by a 24% rise in operating profits and a 10% increase in core operating profits year-on-year.
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Outside of financial services, other industries are yet to have any change in discretionary spending, says Salil Parekh.
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