That's not all. Low productivity and heavy rainfall damage to crops in India is adding to the consumers' woes.
The sector is currently in the midst of challenging times owing to a variety of economic factors.
RTGS is meant for large-value instantaneous fund transfers, while NEFT is used for fund transfers of up to Rs 2 lakh.
Breather for public sector banks post-amalgamation.
Trader bodies have been raising concern over violation of foreign direct investment (FDI) norms.
The average modal price of onion in the retail markets was ruling at Rs 110 per kg.
The bond market reacted as the 10-year government bond yield spiked to 6.82 per cent levels, meaning mark-to-market losses for the banks.
Such PPIs can be issued on the basis of essential minimum details sourced from the customer.
The comments come a year after government tagged Bitcoins and other cryptocurrencies illegal and the RBI banned their trade.
Engineering & Construct-ion major Larsen & Toubro’s shares fell to a three-month low as it shed 2.16 per cent on the BSE.