RBI imposes monetary penalties on two Indian banks and a NBFC for non-compliance!
RBI imposes monetary penalties on two Indian banks and a NBFC for non-compliance!

RBI imposes monetary penalties on two Indian banks and a NBFC for non-compliance!

RBI has imposed monetary penalties on two Indian banks and one NBFC for non-compliance

Aniket Gogate Article rating: 3.5

The Reserve Bank of India (RBI) has imposed monetary penalties on two Indian banks and one non-banking financial company (NBFC) for non-compliance with certain regulatory requirements. The penalties imposed on these banks and one NBFC are significant and should serve as a deterrent to other financial institutions. The RBI's actions are a reminder that all financial institutions must comply with regulations and put the interests of their customers first.

How do higher interest rates contribute to the fight against inflation?
How do higher interest rates contribute to the fight against inflation?

How do higher interest rates contribute to the fight against inflation?

The idea is that people will spend less if borrowing money or carrying a balance on a credit card costs more.

Mandar Wagh Article rating: 4.3

The idea is that people will spend less if borrowing money or carrying a balance on a credit card costs more.

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