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Scheme for grant of ex-gratia payment of difference between compound interest – Scheme Letter

F. No. 2/12/2020-BOAIGovernment of IndiaMinistry of FinanceDepartment of Financial Services – Dated 23rd October 2020 State Bank of India (SBI) All India Financial Institutions (AIFIs)-3. All Nationalised Banks All Banking…

Stricter Guidelines for Opening of Current Accounts by Banks – Step towards curtailing Diversion of Funds

Issuing Authority: Reserve Bank of India. Notification Number: RBI/2020-21/20. Applicable to: Banking sector. Date of issue: 6th August 2020. Summary: The digital revolution occurring in financial services – with more…