The bank will increase its pace on ramping up its credit card acquisition and will look to regain the lost market soon
To ensure that customers are not affected by the move, it is considering increasing the number of free cash withdrawals available to them.
Two other PSBs, as announced by the government in the union budget will also be privatised under the framework
FM said that the recapitalisation requirements will go down, as the banks books are much cleaner now and would help the government
However, three out of the four schemes including that of State Bank of India (SBI) cannot be availed after 30th of September
Money9 brings in a series of guidelines that will keep digital banking for seniors safe and secure.
Bonafide digital lending apps can now lend more efficiently as account aggregators give them access to bank data
90% Indians use digital-banking at least once a month
Bank holidays October 2021: The 21 days include weekly-offs and state-specific holidays.
All banks are instructed by the RBI to compensate extra if they fail to redress a failed ATM transaction within the deadline