Tensions escalated when the manager clarified that selling the land to settle the loan was not permissible under bank regulations, the report said.
Paytm Partners with Axis Bank to Offer POS Solutions and EDC Devices to Merchant Network
A notable feature of Paytm’s offering is the provision of multiple EMI options, which enhances consumer affordability and allows merchants to offer flexible payment plans to their customers.
Budget 2024 Live Updates: Long term capital gains tax hiked from 10% to 12.5% in Union Budget
12:30 PM: Long term capital gains tax hiked from 10% to 12.5% in Union Budget. The Union Budget for 2024-25 has hiked the Long-term capital gains tax to 12.5 percent from 10 percent, while short-term…
Economic survey projects 6.5%-7% GDP growth in 2024-25
Economic Survey 2023-2024 has projected the Gross domestic product (GDP) to grow at 6.5–7 percent in 2024-25, thus hinting a moderation in the pace of expansion amid potential risks from cheaper imports that…
Budget 2025 pointers: Key things to watch for from FM Sitharaman in the Budget
The Bugdet is set against Rs 2 lakh crores unexpected bonanza from RBI which can be used for capital expenditure or fiscal deficit management.
Budget 2024-2025: What is there for banking sector?
Will 2024 see a renewed push from the Narendra Modi-government on bank privatisation? To begin with, privatising India’s dozen public sector banks (PSBs) has been a tough task and an unkept promise….
RBI asks banks to take necessary steps on Microsoft outage, says only 10 banks and NBFCs affected
Reserve Bank of India clarifies on impact of outage in Microsoft Services on its Regulated Entities Large scale outage in Microsoft Services is impacting IT systems globally leading to disruptions in various…
RBI imposes monetary penalty on Muthoot Finance Limited
The Reserve Bank of India (RBI) has imposed a monetary penalty of ₹1,90,000/- (Rupees One Lakh Ninety Thousand only) on Muthoot Finance Limited (the company) for non-compliance with certain provision of ‘Know…
Wazirx reports major secutity breach; $230 million assets stolen
On July 18, WazirX, India’s largest cryptocurrency exchange, confirmed a security breach that prompted the temporary halt of INR and crypto withdrawals, following an alleged theft of digital assets valued at $230…
RBI Bulletin cites high vegetable prices as a hurdle for disinflation
A report from the Reserve Bank of India (RBI) on July 18 blamed high, persistent food prices as a major hurdle in the path of disinflation. “Every silver lining has a cloud….