Banking services

RBI orders Company Banks to facilitate authorities transactions on March 31

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The Reserve Financial institution of India (RBI) has requested Company Banks to maintain all their branches coping with authorities enterprise open on March 31, 2024 (Sunday). This follows the Authorities of India’s request to maintain all branches of the banks coping with Authorities receipts and funds open for transactions on the stated day to account … Read more

Are funds banks viable within the age of UPI? 

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Funds banks as a class of banks had been launched in 2015 by RBI, to bridge the hole between conventional banking companies and the unbanked inhabitants, significantly in rural areas.   These banks had been envisioned to leverage expertise to supply primary banking companies, specializing in monetary inclusion and digital transactions.   The story of such banks … Read more