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Indian

RBI cuts rates by 25 bps as expected

Oct 4, 2019

The central bank also revised the country’s real GDP growth for 2019-20 downwards from 6.9 per cent in the August policy to 6.1 per cent – 5.3 per cent in Q2:2019-20 and in the range of 6.6-7.2 per cent for H2:2019-20 – with risks evenly balanced

IRDAI slaps Rs 15 lakh penalty against Shriram Transport Finance

Oct 3, 2019

“Even the submission of the insurer clearly indicates that in majority of cases, involvement of SP is negligible during solicitation of business and hence the CA is engaging unlicensed persons for soliciting business,’’ said IRDAI in its penalty order. 

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