Are Mutual Funds draining money from bank deposits?
Even if money is moving from bank deposits to mutual funds, ultimately the money should remain in banks albeit under a different ownership. How would...
RBI imposes monetary penalty on BoM, Hinduja Leyland Finance and Poonawalla Fincorp
The Reserve Bank of India (RBI) has cracked down on three entities imposing monetary penalties citing rule violations. These are Bank of Maharashtra (BoM), Hinduja...
RBI imposes monetary penalty on Muthoot Housing Finance
After considering the company's reply to the notice and oral submissions made by it during the personal hearing, RBI found that the company failed to...
CPI inflation falls to a 5-year low in July: Don’t uncork the bubbly yet
Locally, food prices remain tricky. Hence, the central bank will continue on a wait and watch mode till end of this year before it gets...