It also decided to provide 80 hectares of land to Defence Research Development Organisation in Lucknow on a token lease rent of Rs 1 per year.
According to the documents, Paytm's merchant base grew to 2.11 crore as of March 31, 2021, from 1.12 crore in March 2019.
RBI said the company had reported instances of breach of the ceiling of 30 remittances per beneficiary during 2019 and 2020 and filed an application for compounding of the violation.
According to official estimates, heavy rains in Kerala have claimed the lives of 27 people.
A case was registered on Nov13, 2020 at Rajinder Nagar police station on the complaint of Kanika Girdhar, who lives in Germany, they said.
The Reserve Bank of India (RBI) on Monday said it has imposed a penalty of Rs one crore on the State Bank of India (SBI)
Total consolidated income during the quarter under review rose to Rs 41,436.36 crore from Rs 38,438.47 crore in July-September 2020, HDFC Bank said in a statement.
While technology has revolutionised how loans are disbursed, the principles of judicious borrowing have not.
Noting that inequality is worsening across country groups, Malpass said per capita income in advanced economies is growing nearly 5 percent in 2021, compared to only 0.5 percent in low-income countries.
Finance Minister Nirmala Sitharaman has said that institutions such as United Nations, World Bank and International Monetary Fund will have to look at reforming themselves.
The action has been taken against the firm for failure to comply with a specific direction issued by the RBI with respect to its statutory audit of a Systemically Important Non-Banking Financial Company (NBFC), the central bank said in a statement.
The penalty has been imposed for non-compliance with specific directions issued by RBI under the Supervisory Action Framework (SAF) and RBI directions on 'Frauds in UCBs: Changes in Monitoring and Reporting mechanism'.
As part of official visit to the US, Nirmala Sitharaman will also address investors including large pension funds and private equity players and will invite them to participate in India's growth story.
After superseding the boards of SIFL and SEFL last Monday, the Reserve Bank had appointed a three-member advisory committee to assist Rajneesh Sharma, administrator of the two crisis-ridden firms.
The Federal Tax Administration (FTA) of Switzerland said in a statement on Monday that the exchange of information this year involved 10 more countries -- Antigua and Barbuda, Azerbaijan, Dominica, Ghana, Lebanon, Macau, Pakistan, Qatar, Samoa and Vauatu.
The Reserve Bank of India has kept the policy rate unchanged 8th time in a row at 4 per cent.
The RBI has projected substantial softening in retail inflation in the near term on the back of easing food prices and favourable base effect.
IBPS Clerk application process will commence on October 7. Candidates can apply at ibps.in
Georgieva said she was looking forward to meeting with the IMF board to brief them on her actions.
UBI SO admit card 2021 was released on Friday. The recruitment exam will be conducted on October 9.
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