RBI’s monetary policy committee voted to keep interest rates unchanged at 6.5%, says RBI Governor Shaktikanta Das. Adds, inflation is set to ease further to 5.2% by end of financial year.
Urban cooperative banks account for bulk of fines by RBI. A significant share of these are for loans given to related parties — the overwhelming majority by institutions in Gujarat.
There are thousands of people who are troubled by threats & harassment of loan recovery agents, a problem exacerbated by proliferation of instant loan apps that offer money at a click.
The central bank said that Bajaj Finance did not issue key information to borrowers under the eCOM and Insta EMI Card lending products, which offer small-ticket consumer finance.
Geopolitical conflicts & new cold war have upended oil, various food and commodity markets. Climate-change issues will impose other costs. So, prices will rise even if demand is weak.
Minutes of Monetary Policy Committee meeting show that several members felt debt-fuelled consumption could become a ‘self-fulfilling prophecy’ to boost overall growth.
Bob World app has 8.1 million daily transactions, while 43% of time deposits are obtained through the app, the bank had said in its quarterly presentation in August.
RBI’s Consumer Confidence Survey released Friday also shows that a larger share of people had cut back on essential & non-essential spending as compared to July.
The old XUV 700 was an indication that the Indian manufacturer had begun to up their game. But 7XO is world-class in terms of fit, finish, and equipment.
As Visakhapatnam readies a mega airport, the Andhra Pradesh government has revived its shelved Dagadarthi project, aiming to boost cargo and connectivity on the south coast.
Both the Russian and Ukrainian militaries are leaning on drones, but they’re also firing cruise and ballistic missiles, some of them relatively new and experimental.
UK, EFTA already in the bag and EU on the way, many members of RCEP except China signed up, and even restrictions on China being lifted, India has changed its mind on trade.
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