Their concern centers on so-called independent wealth managers, which have expanded rapidly in recent years by selling high-yield products to affluent investors.
RBI said there will be revamp of its regulatory and supervisory structure and creating a specialized cadre for this.
The alleged wrongdoing at PMC Bank differs from previous Indian banking scams in that savers are on the hook this time.
This feature can be used only by retail customers. Corporate users do not have the option to lock their accounts.
`2.54 crore received via Paytm alone, which is nearly 60% of total amount
Officials hailing from outside the Valley were pulled out in the days leading to the Centre's mega moves in Jammu & Kashmir on August 5.
The immediate benefit is increased cash flows to corporate India that will be either channelised into debt reduction or incremental investments in increasing capacity.
Pro Vice-Chancellor was convinced to share two PINs she received as SMS; nearly H2 lakh debited from her account in two transactions
According to Moody's, it does not expect LAP lending by NBFCs and HFCs to pick-up significantly in the next few months.
The accused used victim’s mobile phone and internet banking for booking train ticket with IRCTC portal.
The move, the CBDT said, is a significant step in the government's fight against black money and the era of Swiss bank secrecy will finally be over from September.
Xavier Institute of Management Bhubaneswar focuses on Insolvency and Bankruptcy Code in its annual business conclave
The finance association of Xavier Institute of Management, Bhubaneswar (XIMB) organised its annual business conclave on Sunday with a focus on the Insolvency and Bankruptcy Code (IBC).
Revenues of consumer-facing sectors like automobiles and fast moving consumer goods were impacted by muted volumes owing to low discretionary spends.
The banking system liquidity, the lack of which spooked markets just a few months ago, is now in surplus mode for the tenth consecutive week.
The landed cost of fully-hedged facility has been much lower than the present domestic pricing for similar tenure.