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UAE Exchange and Financial Services, REPCO Bank, Chaitanya India Fin Credit Private Limited, and Pankaj Vaish and others, are the applicants under the guidelines for 'on tap' licensing of universal banks
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The bank has 35 branches in the country and employs approximately 4,000 people in the consumer banking business
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According to the bank, most of the frauds take place by hacking in the customer's phone which usually has all the banking data saved
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The account can be used to avail the government benefits like subsidies, pension, scholarship, etc.
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Claiming it to be a first-of-its-kind payment functionality in India, RBL Bank said that the app will allow its account holders to make contactless transactions globally through their mobile banking app both in-store and online
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The loan has to be paid off in six months before another overdraft is approved
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Unlike bank accounts, one does not need to have a minimum balance to keep his or her e-wallet account active
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Till March 31, 2021, 30.90 crore debit cards were issued to 42.2 crore beneficiaries
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Central Bank of India has requested citizens to vaccinate against the virus and avail its attractive offer, which is for a limited period
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S&P Global Ratings believes systemic risks facing banks in India are likely to remain high in the wake of the second wave of COVID-19 infections and a high proportion of weak loans