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4
Akshay Palande
4 Min Read

Punjab National Bank(PNB) detected alleged fraud (PNB Scam) of Rs 11,500 crore at its Mumbai branch on 14th February, 2018. The alleged fraudulent transactions were reported to benefit a few account holders in apparent connivance of the some of the bank employees. Letter of Undertakings(LOUs)…

2 5054
8
Akshay Palande
8 Min Read

Credit and Monetary policy is the macroeconomic policy laid down by the central bank. It involves management of money supply and interest rate and is the demand side economic policy used by the government of a country to achieve macroeconomic objectives like inflation, consumption, growth…