Reserve Bank of India strikes Rs 1-crore punishment on Bajaj Finance

MUMBAI: The Reserve Bank of India has forced a punishment of Rs 1 crore on Bajaj Finance for lacks in administrative consistency. As per RBI, the punishment has been forced, by a request on January 3, for infringement of ‘Reasonable Practices Code of Master Direction DNBR’. “This action is based on deficiencies in regulatory compliance …

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ICICI Bank launches premium savings account for men

icici bank

ICICI Bank has introduced another top-notch investment account for upwardly-portable male clients, named ‘The ONE’. It is accessible in two variations – Magnum and Titanium. It offers the account holder with advantages including the alternative of choosing health and term disaster protection. It additionally forgoes the handling expenses for home advances for account holders. At the …

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Loan waiver not a permanent solution: Karnataka CM HD Kumaraswamy

Karnataka CM Kumaraswamy

Chief Minister HD Kumaraswamy on Friday said that loan waiver is certainly not a lasting solution for agriculturists in trouble, rather they ought to be made fiscally steady. Kumaraswamy was talking subsequent to initiating the three-day International Organic and Millet Fair, in Bengaluru.     “By loan waivers, farmers will not get a remedy. They …

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Single rate, fewer exemptions in GST key to boosting India’s tax-to-GDP ratio

gst

India might be peering toward further changes to lift the duty to-GDP proportion in the wake of setting up the merchandise and ventures impose (GST). It is one of the nation’s greatest arrangement changes ever. The duty GDP proportion is relied upon to cross 12% in FY19, another high in over 10 years. However lower …

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