PNB freezes bank account of fake Housing Societies in Vidya-Vihar West

By Rohit Sharma MUMBAI: Recently, Punjab National Bank (PNB) has blocked the bank account of Avanti CHS Ltd (proposed) and two other buildings in the residential complex, Neelkanth Kingdom located in Vidya-Vihar (West), for flouting KYC requirements and illegally opening the bank account, said the sources. On February 2019, PNB had sent a

NRIs soon to see single investment regime

By Accommodation Times Bureau NEW DELHI In a move bringing NRIs (Non-Resident Indians) and portfolio investment scheme under one umbrella, Sebi’s (Securities and Exchange Board of India) board to recommend a single investment system for NRIs and portfolio investment scheme to be merged with foreign portfolio investors, a source said. Foreign portfolio investment is the

Repo Rate Unchanged: Infrastructure and construction sector continued to show solid growth says MPC

By Rohit Sharma NEW DELHI: The Reserve Bank of India in its fourth bi-monthly statement, issued on October 5, on the basis of an assessment of the current and evolving macroeconomic situation at its meeting, decided to keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 6.5 per