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The all-cash sale indicates a recovery of 73 paise on a rupee of the principal amount outstanding for SBI. The bank had informed interested bidders that it would auction the loan under the Swiss challenge method based on an anchor bid. CFM ARC made the anchor bid and there were no counter bids, two people close to the development said.

Public sector banks (PSBs) assured finance minister Nirmala Sitharaman at a review meeting on Saturday that the Indian banking system remains robust and there is no cause for worry.

The sharp rally in prices was also associated with the uncertainty about the US Fed’s rate hike moves. There were speculations that the crisis in the US banking sector would refrain Fed from further rate hikes, which are usually supportive for gold-like nil-interest yielding assets.

The steadily rising number of Demat accounts across both depositories aptly indicates this trend. The number of active Demat accounts reached a record high of 11 core in January this year. Multiple factors have contributed to this surge, including the ease of access to market information, availability of online brokerages, increase in financial savings and the potential for good returns.

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We believe there are two important aspects that need to be examined in this context — provision of good banking services to crypto entities and the importance of decentralised finance (DeFi).

The company has cut the size of its IPO to Rs 865 crore from Rs 1,025 crore planned earlier. The reduction in the IPO size was a result of the pre-IPO placement carried out by the company, which amounted to Rs 160 crore.

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The pandemic has led to a surge of social media content promoting options trading as an easy way to supplement income. The increased awareness has attracted many gullible & first-time people to turn traders with surface-level information