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In 2009, Shikha Sharma was appointed as the MD and CEO of Axis Bank. [17] In 2013, Axis Bank's subsidiary, Axis Bank UK commenced banking operations. [18] In March 2014, the Indian government sold a 9% stake, out of its total 20.7% stake in Axis Bank. [19] In 2017, Axis Bank acquired Freecharge, a digital marketplace for financial services for ...
Advertised interest rates range from 8% to 36%, though the average interest rate on a two-year personal loan was 11.92% as of May 2024, according to the Federal Reserve Bank of St. Louis.
This broker goes to another bank and tries to sell the securities and vice versa for buying. Since Mehta was a renowned broker, he issued cheques in his name instead of the bank. When the bank wanted money for the securities, he approached another bank and repeated the same process, and invested the bank money in the stock market. [10]
Paisabazaar is an Indian digital loan and credit card platform. [1] It is a part of PB Fintech (formerly EtechAces Marketing and Consulting). [ 2 ] [ 3 ] In 2020, Paisabazaar was India's largest digital consumer credit marketplace, with a 51.4% market share in terms of disbursals.
Hunter Fraud Score is a rating score in India prepared by the credit information company Experian to help detect fraud in credit applications through analytical approach. The score was launched in 2016 and is used by Indian banks and insurance companies to help them lower their losses.
The monthly payments of personal loans can be decreased by selecting longer payment terms, but overall interest paid increases as well. [6] A personal loan can be obtained from banks, alternative (non-bank) lenders, online loan providers and private lenders.
[17] [18] Complainants said their credit scores were harmed because credit reports displayed loans they never took as defaults. [19] In April 2021, many non-users of the Dhani app received a text message to pay for a loan that was never taken by them. The company later apologised to its users for this tech glitch. [20] [21]
Reliance Capital obtained its registration as a non-banking finance company (NBFC) in December 1998. It has since diversified its activities in the areas of asset management, life and general insurance, commercial finance, stock broking, private equity and proprietary investments, asset reconstruction, distribution of financial products and other activities in financial services.
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