Government says steps taken to cut NPAs are yielding results
Many risk-averse investors also use fixed deposits to achieve their long-term goals. However, low investor awareness regarding bank fixed deposits oft
Nirmala Sitharaman also said that the government has no plan to form any bank investment company to house the government stakes in banks.
The central bank also said it will set up a 24x7 helpline for digital payments services to secure them more against fraud and phishing.
The Reserve Bank had issued the framework for dealing with D-SIBs in July 2014.
Create government-owned, professionally managed development finance institutions (DFIs) to finance key sectors of the economy, he said.
The amalgamation of Andhra Bank and Corporation Bank with Union Bank came into effect from April 1, 2020.
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Online transfer of funds has now well and truly taken roots. Consumers now use more of online transfer than cheques to conduct banking transactions. O