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Monday, February 24, 2020

New norms on anvil for troubled lenders: RBI guv

New laws for resolving troubled financial institutions is on the anvil. RBI governor Shaktikanta Das said the central bank will have an integrated framework for resolution of finance firms. Das also said the banking regulator will soon issue guidelines on corporate governance in banks.

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Industrial output grows 5.8% in FY24, slows a tad in March

Numbers released by the National Statistical Office on Friday showed the index of industrial production (IIP) rose an annual 4.9% in March, ...