The RBI said the penalties have been imposed based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered by the two lenders with their customers.
The Reserve Bank has revoked the deposit-taking status of Dewan Housing Finance (DHFL), the first financial services firm to go for bankruptcy proceedings, and has reclassified it as a non-deposit taking housing finance company, before approving the Piramal group's bid to take over it towards the end of the resolution process.
The Finance Ministry has notified the concessional rate of GST that will be applicable on COVID relief materials till September 30, 2021.
Gold prices rose by Rs 303 to Rs 47,853 per 10 grams in the national capital on Tuesday reflecting overnight recovery in the global precious metal prices, according to HDFC Securities.
Amidst the ongoing Covid pandemic, airline major SpiceJet enhanced booking as well as baggage allowance options. Under the offer 'Extra Seat-Extra Baggage', passengers can avail an additional check-in baggage allowance of 10 kg on booking a private row and 5 kg on booking an extra seat.
The initial public offer of Shyam Metalics and Energy is open for retail subscriptions.
SBI Ecowrap report has suggested that the space for monetary accommodation is over, and the Reserve Bank of India (RBI) will face multiple challenges in terms of boosting India's growth rate.
Sona Comstar IPO, Sona Comstar GMP: Sona Comstar is an auto component maker.
Coal India dividend 2021, Coal India dividend Record Date: Coal India will pay Rs 3.50 final dividend per equity share for the financial year ending March 31.
The Reserve Bank of India on Monday said the scope of Bharat Bill Payment System (BBPS) will be expanded by August 31 this year by adding 'mobile prepaid recharges' as a biller category, a move likely to help millions of prepaid phone subscribers in the country.
Retail inflation rose to 6.3 per cent in May, breaching the RBI's comfort level, on the back of costlier food items, government data showed on Monday.
Billionaire Gautam Adani's group on Monday said it has written confirmation that accounts of three foreign funds that are among its top shareholders are not frozen and reports to the contrary are "blatantly erroneous and misleading".
This is the fifth straight month of uptick seen in the wholesale price index (WPI)-based inflation. In April, 2021, WPI inflation hit double digit at 10.49 per cent
A meeting of the duly authorised committee has approved subscription, on a private placement basis, up to 5,000 rated, listed, unsecured, redeemable, non-convertible debentures (NCDs) of face value Rs 10 lakh each, aggregating up to Rs 500 crore, the auto major said in a regulatory filing
Leading exchanges BSE and NSE will suspend trading in the shares of Dewan Housing Finance Corporation Ltd (DHFL) with effect from Monday.
The price of petrol crossed the Rs 100-mark in Ladakh and stood at Rs 101.95 per litre on Monday.
Diesel price on Saturday breached the Rs 100 per litre mark in Rajasthan after yet another increase in fuel rates, which also led to Karnataka becoming the 7th state to record Rs 100 a litre petrol.
Coal India Ltd is expected to reward its shareholders with an additional final dividend of 20-25 per cent in its board meeting on June 14
LIC has issued a public warning over the unauthorized use or misuse of its iconic logo by anybody.
The GST Council on Saturday slashed the tax rate on coronavirus medicines such as Remdesivir and equipment like oxygen concentrators and medical grade oxygen.
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