Court takes cognisance of charge sheet against Avantha Group promoter Gautam Thapar

Avantha Group of companies promoter Gautam Thapar, 60, was arrested under the Prevention of Money Laundering Act (PMLA) on August 3 after the agency carried out raids against him and his linked businesses in Delhi and Mumbai. He is currently in judicial custody.

from Banking/Finance-Industry-Economic Times https://ift.tt/3AmD6rH

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Bank of Maharashtra launches digital lending platform for retail loans

Will instantly provide ‘in-principle approval’ for home loans and car loans

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RBI working on offline digital payments framework, hikes IMPS limit to Rs 5 lakh

Madhusudanan R, co-founder, M2P Fintech, said that the increase in the IMPS transaction limit is significant because the Unified Payments Interface (UPI) is based on that system and a whole host of peer-to-peer (P2P) payments and initial public offer (IPO) payments will be simplified as a result.

from Banking & Finance – The Financial Express https://ift.tt/3DlFYqM

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Punjab and Maharashtra Co-operative Bank resolution at an advanced stage: RBI

Once the draft scheme for amalgamation or reconstitution is ready, it is expected to be put in the public domain for comments. Thereafter, it will be notified through the gazette.

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RBI hikes IMPS daily transaction limit to ₹5 lakh

Geotagging of payment system touch points, fourth cohort for regulatory sandbox

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