RBI Governor Confident About India’s Economic Growth; Announces Rate Cut
RBI Governor Sanjay Malhotra expressed strong confidence in India’s economic future, asserting that a growth rate of 7% or higher is both achievable and should be the country’s aspiration.
Rs 5 lakh penality imposed by RBI on Sankheda Nagarik Sahakari Bank
The penalty has been imposed in the exercise of powers conferred on RBI under Section 47A(1)(c) read with Sections 46(4)(i) and 56 of the Banking Regulation Act, 1949.
