RBI does not feel need for downward revision of its 10.5% GDP growth forecast for FY22 despite rise in Covid cases, governor Shaktikanta Das said.
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.
