Banks allowed to lend up to R1 lakh against jewellery

Mumbai: Reserve Bank has allowed banks to sanction loans of up to Rs 1 lakh against pledge of gold ornaments and jewellery. The RBI in May had imposed restrictions on banks and NBFCs for providing loans against gold coins as well as units of gold ETFs and mutual funds.

Canara Bank hikes lending rate by 0.25%

New Delhi: Canara Bank has raised base rate or the minimum lending rate by 0.25 per cent to 10.20 per cent even as the Reserve bank of India kept its policy rates unchanged in its mid-quarter review earlier this month.

P-Notes investments slips in November

New Delhi: Investments into equities through participatory notes (P-Notes), a preferred route for HNIs and hedge funds from abroad, slipped to Rs 1.83 lakh crore (about $29 billion) in November, according to the latest data released by Sebi.

Sebi slaps R20 lakh fine on Angel Broking

Mumbai: Sebi has imposed a total penalty of Rs 20 lakh on Angel Broking for alleged violations of stock broker norms and fraudulent dealings in shares of Sterling Green Woods.

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