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RBI fines Paytm Payments Bank Rs 1cr for non-compliance; Western Union also penalised
Paytm penalised for submitting information which did not reflect the factual position
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ATM closure threat: RBI shouldn’t buckle
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.
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Economy is picking up steam: RBI report
The momentum is on account of the strong performance of kharif agricultural production and revival of manufacturing
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RBI penalises SBI, Standard Chartered for violating guidelines
India's largest bank has been fine Rs 1 crore whereas Standard Chartered will have to pay Rs 1.95 crore penalty
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India is expected to grow by double digits this year: Finance Minister Nirmala Sitharaman
Sitharaman said that the next year's increase would be somewhere between 8% and 9%, with a range of 7.5 to 8.5%.
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Retail inflation eases to 4.35% in September; IIP up 11.9% in August
The Index of Industrial Production (IIP) also increased 11.9 percent in August as per the official data.
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Opening another savings account? Head to the nearest post office
No big commercial bank offers more than 3% in the normal savings account.
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CBDCs are dependable, stable: IMF
Cryptocurrencies are too volatile to be termed money, says IMF managing director Kristalina Georgieva
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FDs: What should you do with RBI still in status quo mode?
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.
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Grievance redressal takes front seat
RBI would issue instructions for appointment of internal ombudsmen in NBFCs for grievance redressal of customers.
