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Government says steps taken to cut NPAs are yielding results
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The central bank said over a fifth of the complaints were about services at ATMs or with debit cards, followed by mobile or electronic banking at 13.38%
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Repo Linked Lending Rate (RLLR) continues to be at 6.90%.
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Nirmala Sitharaman also said that the government has no plan to form any bank investment company to house the government stakes in banks.
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The industry association has also requested the Reserve Bank of India on the need for asset class-based regulation
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Last month, the bank's administrator AK Dixit had said that three investors were given time till February 1, 2021 for submissions of their final offer.
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Aditi Nayar, Principal Economist, ICRA, in an interview with Money9, said she feels the rate cycle has ended.
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The central bank also said it will set up a 24x7 helpline for digital payments services to secure them more against fraud and phishing.
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With RBI maintaining status quo on rates, hopes of an immediate cut in equated monthly instalments (EMI) is less.