RBI asks banks not to levy processing charges on loans

RBI has advised boards of banks not to levy usurious interest rate including processing and other charges on loans. "It is not proposed to issue any guidelines to the banks to offer loans to......

GDP expansion likely at 4.9% in FY20, 5.5% in FY21: Moody's

Moody's said the government will face challenges in achieving its deficit target for the fiscal year ending March 2021, amid persistent structural and cyclical headwinds to growth. Illustration:......