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central bank

RBI bars banks from levying penal interest, says ‘reasonable’ penal charges can be imposed

Concerned over the practice of banks and Non-Banking Financial Companies (NBFCs) using penal interest as a revenue enhancement tool, the Reserve Bank on Friday...

RBI may reduce policy rate in fourth quarter of 2024: Oxford Economics

Global forecasting firm Oxford Economics on Monday said the RBI may cut key benchmark policy rate in the fourth quarter of the current calendar...

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