IIFL Securities has been imposed with a Rs 11 lakh penalty by Sebi for breaching stock broker regulations. An inspection in August 2022 uncovered lapses such as faulty fund settlement and inaccurate retention statements.
RBI Governor Shaktikanta Das stated that India’s economy remains robust but warned of escalating inflation, potentially surpassing September’s 5.5%. He indicated that high inflation might
Indian banks are shutting down more ATMs despite record-high cash circulation. This trend is attributed to the rise of digital transactions and UPI payments. While
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