by OverviewFX | Dec 21, 2024 | Politics
The central government has unveiled a draft bill aimed at tackling unregulated lending activities, with provisions that could impose penalties of up to Rs 50 crore and prison sentences of up to 10 years for violators. The proposed legislation, titled the Banning of...
by OverviewFX | Dec 21, 2024 | Politics
WASHINGTON — The U.S. Senate approved a bipartisan federal spending bill early Saturday morning that averted a government shutdown and marked the end of a chaotic, high-stakes week in Congress. The bill authorizes continued funding of the federal government at...
by OverviewFX | Dec 21, 2024 | Politics
RBI fined IndusInd Bank and Manappuram Finance Rs 27 lakh and Rs 20 lakh, respectively. IndusInd Bank was penalised for non-compliance with norms related to ‘interest rate on deposits’. Manappuram Finance was fined over KYC .agencies Published On Dec 21,...
by OverviewFX | Dec 20, 2024 | Politics
The Reserve Bank of India (RBI) may postpone the beginning of its rate cut cycle to April 2025 because of the Federal Reserve’s shift towards a more hawkish monetary stance, said a report by Yes Bank.”Given INR weakness and developing volatility in...
by OverviewFX | Dec 20, 2024 | Politics
Guwahati, The central board of the Reserve Bank of India (RBI) on Friday reviewed the global and domestic economic situation and outlook at a meeting chaired by new Governor Sanjay Malhotra. The 612th meeting of the Central Board of Directors of the RBI also placed on...
by OverviewFX | Dec 20, 2024 | Politics
BULA Bill defines Unregulated Lending activities that cover practices including digital lending, that are not governed by existing financial regulations or laws.The Department of Financial Services on Thursday introduced the draft Banning of Unregulated Lending...
