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Navigating Cryptocurrency Risks and Challenges

Posted by shobha singh on February 22, 2025 at 11:59pm 0 Comments 0 Likes

Investing in cryptocurrencies presents unique opportunities but also introduces a distinct set of risks and challenges. Understanding these potential pitfalls is crucial for investors to safeguard their investments and strategically navigate the volatile landscape of digital assets.

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IDFC can exit as promoter of IDFC First Bank, 5 year lock-in period over

On Wednesday July 21, IDFC Limited said it can now exit as the promoter of IDFC First Bank, as the five year lock-in period has ended.

The company in a mentioned that, “We would like to inform you that the ‘Reserve Bank of India’ has, vide its letter No. DOR..HOL.No.SUO‐75590/16.01.146/2021‐22 as on dated July 20, 2021, it also clarified that after the expiry of lock‐in period of 5 years, IDFC Limited can exit as the promoter of IDFC FIRST Bank Limited.”

IDFC limited also holds 36.56 percent in the bank. The bank has commenced its operations in the month of October 2015 i.e it has completed five years last year as per the records.

According to the rules of RBI, it states that, the shareholding of the non-operative , which is the promoter of the bank, should be a minimum of 40 percent of the paid up voting equity capital of the bank which will be locked in for a period of five years from the date of commencement of the business of the bank.

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Blog Posts

Navigating Cryptocurrency Risks and Challenges

L.A. Witch 2025 Spring Tour Shirt

8muses

faruikya

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Specialist Removal Firm in Bangalore Will Make Sure of Painless Relocation

Most Beneficial Tips for Making Residential Shifting Easier

Support in School

How to Combine SEO with Content Marketing

Time to Snap 8% off old school runescape cheap gold with code RSHFD8 from Rsorder for Gower Trailer& Father's day 6.18-6.20

IDFC can exit as promoter of IDFC First Bank, 5 year lock-in period over

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