New type of entities can offer full suite of services, including accepting deposits and extending loans
India has the largest banking network in the world after China. Different types of commercial banks, public sector banks, private sectors bank, small
Asks banks be agile and creative to stay ahead of digital curve
Customers will be able to get personal loans starting at 10.25% with fast disbursement in their accounts, among other incentives.
Capabilities like paying, saving, borrowing and investing can be done on the app and are being scaled on a daily basis
The Appointments Committee of the Cabinet (ACC), which is chaired by the Prime Minister, will make the final decision in this matter.
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A nominee can be anyone from your family members, including parents, spouse or siblings in certain cases.