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The new payment aggregator rules being drawn up by RBI might be inconvenient to customers and RBI must find a midway between security and convenience
The Pune-based lender has also revamped its gold loan scheme, offering loans up to Rs 20 lakh at a 7.10% interest rate, with zero processing fee
The currency in circulation in India has already reached a large level of Rs 29.6 trillion and any increase from that level will be nominal.
Around 1 lakh depositors of PMC bank are expected to get the benefit from the amendment to the DICGC Act.
These changes were made by amending the Foreign Exchange Management (Non-debt Instruments) Rules, 2019
Canara Bank, Punjab National Bank, and Bank of India offer FD tenures ranging from 7 days to 10 years
Authorised card operators will be allowed to store credit and debit card details but they won't be able to use the same for auto-checkout.
If you have multiple liabilities and are unclear about prioritising them in the best possible way, it would be wise to seek professional help
While RBI has provided much-needed clarity and transparency to locker allocation process, compensation in events of loss of items leaves a grey area.
The RBI's ban, helped the bank to rework its IT systems, processes and turbocharging the speed of technology transformation