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Digital Savings Accounts: The Future of Banking Convenience
The way we manage our money is evolving, and digital savings accounts are at the forefront of this financial revolution. As technology continues to advance, traditional brick-and-mortar banking is making way for digital banking solutions that offer unparalleled convenience and accessibility. ...
Banking System Liquidity Dips To 6-Month Low: Report
Liquidity in the Indian banking system has reached its deepest deficit in nearly six months, according to a report by The Economic Times. The stark dip in liquidity is believed to have inflated borrowing costs, as outflows due to corporate advance ...
RBI Decides To Withdraw Incremental CRR In A Phased Manner
The Reserve Bank on Friday decided to discontinue the Incremental Cash Reserve Ratio (I-CRR), which was put in place to absorb surplus liquidity following the withdrawal of Rs 2,000 currency notes, in a phased manner beginning Saturday. On August 10, the ...
Open Salary Account Online: Convenience and Benefits
Introduction Opening a salary account is a crucial step for individuals entering the workforce or changing jobs. Traditionally, this process involved visiting a bank branch, filling out lengthy forms, and submitting numerous documents. However, with the advent of technology, banks now ...
SC Order On Banking Fraud: "RBI" To Shortly Issue New Guidelines
The Reserve Bank will 'shortly' come out with revised guidelines on fraudulent account classification to take into account the recent apex court order that asked lenders to ensure natural justice to a defaulter before labelling him a fraudster. "The SC has ...
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