The RBI observed that many lenders charge penal rates over and above the applicable interest rate on loans in case of defaults that breach the terms of credit facilities.
SEBI found lapses on the part of Kotak AMC in carrying out due diligence and barred the fund house from launching new fixed maturity plan schemes for six months.
The scheme has been formulated over concerns of inconvenience caused to the public and to ensure that sufficient cash is available through ATMs, RBI said in a circular.
Mini deal will likely see no cut in 10% baseline tariff on Indian exports announced by Trump on 2 April, it is learnt, but additional 26% tariffs are set to be reduced.
PTC Industries is investing Rs 1,000 cr in 4 manufacturing plants in UP, has already started supplying titanium parts to BAE Systems for its M-777 howitzers that India also uses.
Public, loud, upfront, filled with impropriety and high praise sometimes laced with insults. This is what we call Trumplomacy. But the larger objective is the same: American supremacy.
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