The RBI has acted in tandem with the government to maintain price stability.
Italy, who won the trophy for the first and only time in 1976, will face 28-time winners Australia on Sunday.
According to a statement issued by the RBI, the above action is necessitated due to certain material concerns emanating from poor governance standards observed in the bank.
The rupee is not fully convertible now and India should aim for it, as it would allow freer movement of investment.
Projection surpasses MPC’s estimations of 6.5% for same period
Sitharaman also stressed upon the importance of prudent lending practices and adherence to core banking principles in the context of digital transformation.
The names of the shortlisted candidates are not known yet.
He says this is due to the strength of underlying macro-fundamentals of the economy and reassuring forex buffers
The report said monitoring financial flows in external sector is crucial as they impact the value of the Indian rupee and the balance of payments.
In another development, the Reserve Bank of India has asked Bajaj Finance, a non-banking finance company, to stop offering loans under two digital lending products.
Unsecured retail loans have been growing at over 20 per cent in many banks and NBFCs for a very long time.
South India is leading in terms of personal loan growth, while Mumbai -- home to a large number of corporate headquarters -- leads in deposits
The impact of the circular is limited to consumer loans. Housing loans, education loans, vehicle loans, and loans secured by gold and gold jewellery do not fall under its purview.
Says retail inflation reading of around 5% and 4.9% in September and October, respectively, is welcome relief
The action was taken by the banking regulator due to non-adherence of the digital lending guidelines of RBI by the company.
Only a handful of the attendees had advance notice about Rushdie, whose whereabouts have largely been withheld from the public since he was stabbed repeatedly in 2022 during a literary festival.
Borrowings mainly for personal-use products, less for big-ticket buys
Challenging the Economic Offences Wing (EOW) FIR and the subsequent ED-registered money laundering case, the media outlet asserted it has not violated any guidelines or norms governing FDI.
As per latest available data SBI’s market share in home loans is 27.4% and in auto loans is 19.3%.
It has come to the department’s notice that several people are exchanging Rs 2,000 denomination notes.