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“RBI Imposes Penalties on IDFC First Bank and LIC Housing Finance for Regulatory Violations: Report”

RBI Penalizes IDFC First Bank and LIC Housing Finance for Violation, Cancels Registration of 4 NBFCs

The Reserve Bank of India (RBI) has taken strict regulatory action against IDFC First Bank and LIC Housing Finance, imposing penalties for non-compliance with certain norms. Additionally, the RBI has canceled the certificate of registration of four Non-Banking Financial Companies (NBFCs) and received voluntary surrenders from five other NBFCs.

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“Prestige Group Purchases 21-Acre Land in Whitefield, Bengaluru, for ₹450 Crore”

n a strategic move, Prestige Group, a listed real estate firm, has acquired 21 acres of land in Whitefield, Bengaluru, for ₹450 crore. The company announced its plans to develop a sprawling residential project encompassing 4 million square feet of developable area, comprising approximately 1800 apartments, according to a regulatory filing.

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