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There is a code which changes every time a customer uses the contactless card
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The scam-hit lender continues to face a fresh bout of soured loans, creating a delay in the RBI-administered recovery
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The rebound in economic and business activities has also improved borrowers' repayment capability, Icra said
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Generally a bank locker agreement has a clause which gives the bank the right to open the locker, even if the rent is paid regularly
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Apart from sharing a common infrastructure, banks are also looking to share same back-end software for digital transactions
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RBI said putting the bank under restrictions should not be construed as cancellation of its banking license
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Moreover, due to rapid gains in technology, "we are now transitioning from dual keyoperated lockers to electronically operated lockers," the top court said
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"We would like to inform our customers that Aadhaar Card seeding is mandatory for those desirous of receiving any benefit or subsidy from Govt. of India through Direct Benefit Transfer," the bank said on its handle
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In the fortnight ended January 31, 2020, bank credit stood at Rs 101.05 lakh crore and deposits at Rs 133.24 lakh crore
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The eight-member panel will also review the current regulatory and supervisory approach and recommend suitable measures to strengthen the sector