No-frills a/c holders pay heavy penalty for exceeding withdrawal limit
While no charges are levied for maintaining no-frills account or BSBDA in a bank, the regular accounts are subject to various fees and charges.
PSBs failing to recover bad loans, UCO Bank tops chart; check full list
In a major headache for Public Sector Banks (PSBs) in the country, the recovery rate of non performing assets (NPA), which were written off, has been declining.
Oil surge may harden RBI outlook as inflation accelerates to 17-month high
The rise in inflation, though, is unlikely to translate into higher wages, given subdued demand for jobs in an economy which is forecast to grow at its slowest pace in four years.
7th Pay Commission – Implementation of HRA as per 7th CPC May Impact Inflation – RBI
RBI included the implementation of house rent allowance or HRA, under the 7th Pay Commission (7th CPC) could lead to inflation.