RBI cautions against fraudulent buy or sale of old banknotes
The RBI has not authorised any institution/ firm/ person to collect charges/ commission on its behalf in such transactions.The central bank suggested, citizens should not fall prey to elements using the name of Reserve Bank of India to extract money through such fictitious/ fraudulent offers.
Time for lending institutions to grow: IIFL ChairmanI would not say that you have to go overboard, but this is a time to grow rather than be cautious, if I have to choose one, I will say we put our strategy on growth and not on caution, said Nirmal Jain, Founder and Chairman of IIFL Group.
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