Borrowers must get 21-day notice before fraud tag: RBI

Borrowers must get 21-day notice before fraud tag: RBI

[ad_1] MUMBAI: RBI has barred banks from unilaterally categorising borrowers as fraud without giving them a hearing. RBI has said banks must give a 21-day show-cause notice to the defaulter, giving them an opportunity to present their case before classifying the account as fraud. RBI has revised its guidelines in response to a Supreme Court…

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‘People and media hyped it’: Lucknow Super Giants spinner reveals what transpired between team owner and captain KL Rahul | Cricket News

‘People and media hyped it’: Lucknow Super Giants spinner reveals what transpired between team owner and captain KL Rahul | Cricket News

[ad_1] NEW DELHI: One of the most controversial talking points of the 2024 Indian Premier League was the heated exchange between Lucknow Super Giants owner Sanjiv Goenka and team skipper KL Rahul. The incident occurred after LSG’s heavy defeat against Sunrisers Hyderabad, who chased down a target of 166 in just 9.4 overs, winning by…

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HUL sells Pureit business to US geyser major AO Smith

HUL sells Pureit business to US geyser major AO Smith

[ad_1] MUMBAI: HUL is selling its water purification business to US-based water technology company AO Smith‘s Indian arm for an enterprise value of Rs 601 crore ($72 million). The move comes as the FMCG major looks to sharpen its focus on core categories, HUL said in a statement on Monday. It is also aligned with…

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