The Reserve Bank of India (RBI) has imposed a ₹2.7 lakh penalty on Muthoot FinCorp Ltd for failing to comply with directions related to the Internal Ombudsman (IO) framework. An inspection revealed the NBFC lacked a system to automatically escalate complaints—partially or wholly rejected by its...
A majority of economists in an ET poll expect the Reserve Bank of India (RBI) to keep the repo rate steady at 5.50% during its October 1 policy meeting, despite inflation being below target. With recent GST 2.0 tax cuts boosting consumption and uncertainties from higher...
With the rollout of GST 2.0, businesses and consumers alike are seeking clarity on how new rates affect everyday expenses and big-ticket items. From large cars and insurance premiums to cigarettes and essentials, the revised structure aims to simplify slabs while addressing revenue needs. The Finance...
A recent policy shake-up brought the minimum average balance (MAB) practice to the spotlight after ICICI Bank raised its MAB for new savings accounts—only to later rollback in the face of public backlash. An insightful editorial in The Economic Times critiques the proliferation of MAB as...
Wall Street is getting louder in its optimism for the S&P 500, with several analysts significantly upgrading their market forecasts. The index, which has already defied bearish expectations in the first half of 2025, may rally harder than previously imagined—thanks to robust earnings, rising corporate productivity,...
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