NET WORTH
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Only AU Small Finance Bank eligible to apply for universal bank license now
AU Small Finance Bank, the largest lender of the pack, has met all the eligibility criteria set by the regulator. AU has Rs 12,560 crore of net worth, made profits for the last two fiscals, and its gross and net non-performing assets were less than 3% and 1% respectively during the period as prescribed by RBI. It also has a well-diversified loan book as desired by the regulator.
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RBI lays out criteria for conversion of Small Finance Banks to Universal Banks
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Elon Musk still has the 'X' factor as he ends 2023 with $100 billion more than 2022
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Govt extends deadline for IDBI Bank sale bid submission till January 7
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IDBI Bank to continue as 'Indian private sector bank' post strategic sale
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To prevent corporate frauds, more needs to be done: EY survey
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