Banks in India are set to establish a common website to promote digital currency transactions and increase awareness of its adoption. The Reserve Bank of India has requested lenders to explore creating a platform to onboard customers and promote e-rupee. The proposed website is expected to have around 500,000 hits per month, potentially doubling by the end of the first year of operations. The website may be set up through the Indian Banks Association (IBA).
According to the Indian Banks Association estimates, about 4.12 lakh housing units (flats) are stalled across the country, of which about 2.40 lakh are located in the NCR. What led to this situation? What solution has the UP govt floated now?
Under the zero-period waiver, interest and penal interest will not be levied on the builder for a specified period of two years, and the installments will be shifted beyond it.
Across the banking sector, deposit growth has remained sluggish in the past few years but has seen some growth revival in the past few quarters. The uptick in deposit growth is mainly attributed to higher interest rates offered by banks and their intense efforts in mobilizing deposits.
Indian childcare and social health workers strike over pay and conditions; Sri Lankan Telecom workers fight privatisation drive; Supermarket workers walk off the job in Australia.