MUMBAI: The Reserve Bank on Wednesday imposed a Rs 3 crore penalty on SBM Bank (India) for non-compliance of regulatory norms by SBM Bank (Mauritius), which amalgamated with the former in November 2018.
NEW DELHI: The National Anti-profiteering Authority has initiated hearings against real estate companies including Adani Group's real estate venture, Adani M2K, for not passing on the benefit of a reduction in the goods and services tax to home buyers, two government officials told Cogencis.
Carrying on with its 'Startup Elevator Pitch Series', the ASSOCHAM Launchpad, an initiative and platform for budding entrepreneurs, will be flagged off here on Friday.
Credit risk is building in auto MSMEs, says Pulse report
Boosting the transformation of ideas into innovations, the Programme for Modernisation and Innovation in Micro, Small and Medium-Sized Enterprises in India (MSME INNO) is a great example of the power of collaboration and its benefits for the MSME ecosystem in India.
Mirroring the deepening slowdown in the economy, commercial lending exposure in the country has declined 2.6 per cent, or Rs 1,70,000 crore, to Rs 63.8 lakh crore in the June quarter of 2019-20 from Rs 65.5 lakh crore in March 2019, said a TransUnion CIBIL- SIDBI study.