A fifth of consumer complaints related to ATMs or debit cards as the grudge against banking services rose sharply.
In FY21, GDP growth will contract 7.7%; economy will rebound in FY22 on back of vaccination and rise in consumer demand.
Economic Survey endorses a “more active, counter-cyclical fiscal policy” at a time when the economy has slowed down.
New trends to surface in credit card industry in 2021
RBI proposes 4-tier layer with intensity of regulation increasing based on size of NBFC; top 25-30 NBFCs to have bank-like prudential norms.
SEBI slaps fine of Rs 1 cr on HDFC Bank for invoking securities pledged by firm BRH Wealth Kreators in violation of an interim order by the regulator.
RBI imposes penalty of Rs 2 cr on Standard Chartered Bank-India for delays in reporting of frauds to it.
Bank of Baroda has raised over Rs 969 crore through a private placement of bonds.
Put under pressure after several borrowers committed suicide, Google has removed from its play store those personal loan apps that have been found violating user safety policies.
After two straight months of growth, India’s factory output contracted again. Retail inflation, however, fell to a 14-month low in December mainly on account of decline in food prices.
After a spate of suicides by borrowers from lending apps, RBI sets up working group; report to be submitted within three months.
