Category: English News

Assam govt to bring new law to control micro finance firms

Assam govt to bring new law to control micro finance firms

Guwahati: The Assam government on Sunday approved a proposal to bring in a new legislation for controlling the micro finance firms, which charge exorbitant interests from borrowers, as per the RBI guidelines. A meeting of the state cabinet, chaired by Chief Minister Sarbananda Sonowal, decided to reign in the micro

24X7 RTGS transaction facility to start from tomorrow: RBI

24X7 RTGS transaction facility to start from tomorrow: RBI

Mumbai: The Reserve Bank of India (RBI) Governor Shaktikanta Das on Sunday said Real Time Gross Settlement (RTGS) facility in the country will become operational from 12.30 am on Monday (December 14). “RTGS facility becomes operational 24X7 from 12.30 am tomorrow. Congratulations to the teams from RBI, Indian Financial Technology