Currency with public touches fresh high of Rs 26 lakh crore, but pace of growth slows

According to data released by the Reserve Bank of India (RBI), in the fortnight ended September 11, the currency with public increased by Rs 17,891 crore to hit a new high of Rs 26 lakh crore.Want to know more on Currency with public touches fresh high of Rs 26 lakh crore, but pace of growth slows click here go to market news source. Market news summary from The...

Shapoorji Pallonji Group to restructure Rs 10,900 crore debt under COVID-19 resolution framework

The SP Group is seeking relief under the one-time loan restructuring plan approved by the Reserve Bank of India (RBI) after it accepted the KV Kamath panel reportWant to know more on Shapoorji Pallonji Group to restructure Rs 10,900 crore debt under COVID-19 resolution framework click here go to market news source. Market news summary from Moneycontrol Market Event News.Author:

Indian Police Probe Crypto Exchange and Founders Allegedly Running a Scam

Delhi police are reportedly investigating a cryptocurrency exchange and its executives allegedly duping Indian investors after receiving multiple complaints. The complainants further say the company has moved office overseas without returning their investments. Police Investigate Crypto Scam After Multiple Complaints Forty-three people have filed complaints with the Delhi Police regarding a cryptocurrency investment scheme based out of Connaught Place, a financial hub in New Delhi, local news outlet...

POLL-India’s c.bank to hold rates as inflation rises, even in recession

The Reserve Bank of India will keep rates on hold until early next year in a delicate balancing act between curbing high inflation and lifting the economy from its worst recession on record, a Reuters poll of economists showed.Want to know more on POLL-India's c.bank to hold rates as inflation rises, even in recession click here go to market news source. Market news summary from Nasdaq Market News.Author:...

Vakrangee gets RBI nod to set up Bharat Bill Payment unit

Vakrangee (VL) has received in-principle authorisation to set up and operate BBPOU under the Payment and Settlement Systems Act, 2007 from the Reserve Bank of India (RBI), it said in a release.Want to know more on Vakrangee gets RBI nod to set up Bharat Bill Payment unit click here go to market news source. Market news summary from Hindustan Times Market News.Author:

Google Pay doesn’t share customer transaction data with any 3rd party outside payments flow: Google

New Delhi, September 25 Google on Friday has said Google Pay does not share customer transaction data with any third party outside the payments flow. The clarification from Google came after reports cited the company's submission to the Delhi High Court saying it is allowed to share customers transaction data with third parties with the prior permission of NPCI and payment service providing (PSP) banks. "This is to...

End of loan holiday threatens pain, defaults for business

The Reserve Bank of India (RBI) gave borrowers a six-month freeze on their loan repayments, which ended on August 31, with about a third of India’s $1.8 trillion outstanding loans being deferred under the program. Businesses still trying to cope with a collapse in demand must now figure out how to pay back their loans or face closure.Want to know more on End of loan holiday threatens pain,...

One year later, PMC Bank depositors still struggling

For depositors of the tainted Punjab and Maharashtra Cooperative (PMC) Bank, the situation is not very different from what it was almost a year ago when the Reserve Bank of India (RBI) placed withdrawal restrictions on the bank after the mega scam involving misreporting of loans with senior bank officials' involvement came to light.Want to know more on One year later, PMC Bank depositors still struggling click here...
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