A new set of regulations from Indias central bank that came into effect at the start of this month will influence significant shifts in Indias bond markets.
A dormant bank account is one that has no activity for over 2 years. Banks do this to mitigate fraud, comply with regulations, and reduce costs. You can reactivate your account by making a transaction or contacting your bank.
Sankar added that the regulations on fintech will come only after consultations with the industry, and declined to share timelines on the same, as per a statement issued by the event organisers.
The global banking crisis is expected to bring in regulatory measures across the sector after troubles at Credit Suisse and failures in some US banks. However, this will not have any major impact on Indian banks. Domestic lenders balance sheets are well protected.