Paytm penalised for submitting information which did not reflect the factual position
If it is difficult to ensure cash in ATMs in far flung areas, ATMs can be graded according to distance from cities & penalty calibrated accordingly.
The momentum is on account of the strong performance of kharif agricultural production and revival of manufacturing
India's largest bank has been fine Rs 1 crore whereas Standard Chartered will have to pay Rs 1.95 crore penalty
Sitharaman said that the next year's increase would be somewhere between 8% and 9%, with a range of 7.5 to 8.5%.
The Index of Industrial Production (IIP) also increased 11.9 percent in August as per the official data.
No big commercial bank offers more than 3% in the normal savings account.
Cryptocurrencies are too volatile to be termed money, says IMF managing director Kristalina Georgieva
If interest rate is hovering within range of 100 basis points or more it is always better to go for floating rate FDs than normal one, said an expert.
RBI would issue instructions for appointment of internal ombudsmen in NBFCs for grievance redressal of customers.