Banks have been asked to carry out all the due diligence and ensure remittances sent are only for the bona fide import transactions through exchange/s authorised by IFSCA
The firms have been accused of charging excessive interest rates and harassing customers for loan recovery, among other things
The firms have been accused of charging excessive interest rates and harassing customers for loan recovery, among other things
Economists expect 40-50 bps hike in repo rate by MPC next month
In this interview with Business Standard’s Sanjay Kumar Singh, Rajeev Thakkar, chief investment officer, PPFAS Mutual Fund explains how the ongoing turmoil in the US tech sector has separated establi
Soaring inflation, global central bank policies and the Ukraine war have dampened sentiment across global financial markets. What does S Naren, of ICICI Prudential AMC think of the developments?
In terms of the number of transactions, credit card transactions were marginally lower online at 11 crore as against 11.1 crore offline or at PoS machines
Says have entered another phase of 'coordinated action' between fiscal and monetary authorities
At the interbank forex market, the domestic unit opened at 77.69 against the US dollar. It moved in a range of 77.51 to 77.69 during the session
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Shaktikanta Das further said in a TV interview that the RBI and govt have entered into another phase of coordinated action to cool down inflation
Shaktikanta Das says RBI wants to raise rates in the next few MPC meetings, at least at the next one in June
The bank is working with the RBI to complete the IT audit and address the regulator's concerns, says Madhur Deora.
Non-banking financial companies may have entered a comfort zone years after having been put through the wringer
The purpose of such a mechanism is to get better ratings and reduce cost of funds for an entity floating instruments.
Last year, the transfer of Rs 99,126 crore was for a nine-month period ended March 2021
The dividend payment comes after the economy comes under stress from the war in Ukraine and fears for the world economy.
The rupee opened weaker at 77.70/$ as compared to Wednesday's close of 77.58/$ and traded in a narrow range amid intervention from the central bank
Monetary policy committee says decision to cut repo rate was at the correct time.
Sri Lanka is facing its worst economic crisis since gaining independence from Britain in 1948