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RBI Clears Bain Capital's Proposed 41.66% Stake Acquisition In Manappuram Finance

The Reserve Bank of India has approved Bain Capital-linked entities to acquire up to a 41.66% stake in Manappuram Finance, paving the way for joint control alongside existing promoters. The clearance comes with conditions on future shareholding and group NBFC exposure, while approvals for key subsidiaries remain pending. from NDTV Profit - Latest https://ift.tt/R6Ei1us
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Ram Temple event: RBI declares holiday for money markets on 22 January, half-day for public sector banks

The Reserve Bank of India (RBI) has declared the closure of all money markets on Jan 22. The closure is in alignment with the consecration ceremony of the Ram Mandir. RBI confirms that no transactions or settlements will occur in the money markets on Jan 22. The Govt of India and Maharashtra announced a half-day closing contributing to the decision to shut the markets. All Government banks will be shut on the occasion. January 22, was declared a public holiday by the Govt of Maharashtra under the Negotiable Instruments Act, 1881. The closure includes Govt securities (primary and secondary) foreign exchange, money markets, and Rupee Interest Rate Derivatives.

from Times of India https://ift.tt/ustqPxK
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