This directive is applicable to all recurring payments which were earlier debited automatically from customers' cards (credit/debit/prepaid) for mobile, utility, other recurring bills as well as subscription payments like OTT streaming services.
"This is to inform you that NHB has on July 5, 2021, (Monday) imposed a monetary penalty of Rs 4,75,000 plus GST on the Corporation for technical non-compliance with NHB circulars," HDFC said.
PNB Housing had filed an appeal before the SAT against the letter issued by the Securities and Exchange Board of India last month, requesting it not to go ahead with the proposal until due diligence was done.
This investment brings together SMFG’s Asian push towards consumer and MSME lending, with FICC’s expertise in serving mass-market consumers and MSME customers in India.
The bank slowed its retail disbursements which were down 30% sequentially, reflecting the impact of the second Covid wave. The continued weakness in the retail segment led to retail segment's share in total loans slipping down to 45% from 47% in June quarter last year.
The loans and advances stood at Rs 1,63,914 crore as of June 30, 2021 as compared with Rs 1,64,510 crore in the year-ago period, registering a marginal decline of 0.4 per cent on a year-on-year basis, Yes Bank said in a regulatory filing.
The private sector lender said its domestic retail loans by the end of the first quarter of the current fiscal moved up by 10.5 per cent year-on-year, while the domestic wholesale loans grew by around 17 per cent.
Loans to the private sector declined from 37.6% in 2014 to 27.7% at the end of March 2021. Corporate credit acceleration in govt-owned enterprises was offset by the sharp decline in credit to private sector partly due to de-leveraging. During the same period personal loans grew from 16.2 to 26.3%, in which housing loans grew from 8.5% to 13.8%.
"We hope to maintain a similar growth rate in the current year also. In the first two months (April to May 2021), we have seen over 60 per cent growth...," Shanai Ghosh, Executive Director and CEO, Edelweiss General Insurance, told.
Losses for full year FY21 were at about Rs 420 crore, while the fourth quarter losses stood at nearly Rs 70 crore. The company logged over 32 per cent growth in revenue at almost Rs 627 crore for FY21 from Rs 474 crore in previous fiscal.
Bank advances stood at Rs 102.46 lakh crore and deposits at Rs 138.67 lakh crore in the fortnight ended June 19, 2020, according to RBI's Scheduled Banks' Statement of Position in India as of June 18, 2021, released on Friday.
"Examination of the incident reports and the report of the forensic analysis of the said incidents revealed, non-compliance with aforesaid directions," it said.
The ULIP insurance policies offer wealth creation alongside life cover. Part of the premium goes towards life cover and the rest goes towards a fund that is invested in equity, debt or a combination of both.