Reserve Bank of India (RBI)
To comply with its guidelines related to recurring online transactions with Additional Factor of Authentication (AFA).
This is not for the first time that the customers of the bank have faced service outage.
The policy repo rate or the short-term lending is currently at 4 per cent, and the reverse repo rate is 3.35 per cent.
"The licensing policies for universal banks, small finance banks (SFBs) and payments banks are a step in this direction," Shaktikanta Das said.
The apex court refused to interfere with the Centre's and the RBI's decision to not extend the loan moratorium beyond August 31 last year, saying it is a policy decision.
In the fortnight ended February 28, 2020, bank credit stood at Rs 101.05 lakh crore and deposits at Rs 133.26 lakh crore, released by RBI showed.
While Das did not elaborate further, the central bank had in the past expressed concerns on digital currencies being used for money laundering and terror funding.
Now, the proposed takeover requires the approval of the National Company Law Tribunal.
The WPI inflation was 1.22 per cent in December, 2020 and 3.52 per cent in January last year. While food articles saw softening in inflation
The eight-member panel will take stock of the regulatory measures taken by the Reserve Bank and other authorities
The Reserve Bank of India (RBI) on Friday decided to leave benchmark interest rate unchanged at 4 per cent but maintained an accommodative stance
Analysts said that traders remained cautious ahead of Reserve Bank of India (RBI) monetary policy outcome to be announced on Friday.
The intensive review will include -- adequacy of the customer service and customer grievances redressal-related policies
Setting up a BIC as a holding company or a core investment company was suggested by the P J Nayak Committee in its report on 'Governance of Boards of Banks in India'.
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