Video KYC, any branch update now allowed for dormant bank accounts
In a customer-friendly shift, the RBI has also allowed the use of Video-based Customer Identification Process (V-CIP) for such updates.
In a customer-friendly shift, the RBI has also allowed the use of Video-based Customer Identification Process (V-CIP) for such updates.
The extension comes as the Mumbai-based bank has launched the search for a new CEO and is engaging with global recruitment firms.
They also emphasised the need for the central bank to strengthen its supervisory mechanisms to detect such frauds early and effectively.
Public sector banks became the first to act on the RBI’s policy signal by promptly cutting their Repo Linked Lending Rates (RLLR).
The rate cut is part of the RBI’s strategy to stimulate economic growth by making borrowing more affordable for both consumers and businesses.
Stating that he wanted to transform Visakhapatnam as an IT hub and tourism center besides promoting the city as financial capital after building Amaravathi as the capital of the State, the Naidu said that now CM Jagan is playing a game with these cities.
Notably, the wholesale price index (WPI)-based inflation had been in double digits for 18 months in a row till September.
India's foreign exchange reserves rose by $7.196 billion to $595.976 billion during the week ended May 5, data released by the Reserve Bank of India (RBI) said on Friday.
ED should provide details of recoveries, properties of Congress leaders: CM Baghel
The Reserve Bank of India (RBI) has imposed a penalty of Rs 1,73,75,000 on The Hongkong and Shanghai Banking Corporation Limited (HSBC Ltd) for the contravention of certain rules under Credit Information Companies Rules, 2006 (CIC Rules).
