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NEFT (National Electronic Funds Transfer)

A well-known electronic payment method for interbank...

Local Area Banks (LABs)

Local Area Banks (LABs) emerge as a...

NEFT (National Electronic Funds Transfer)

A well-known electronic payment method for interbank transfers in India is called National Electronic Funds Transfer (NEFT). The Reserve Bank of India (RBI) introduced NEFT in 2005, which makes it simple to transfer money from one bank account to another across the whole nation. The way financial transactions are carried out has been revolutionized thanks to this system, which has also improved efficiency, decreased dependency on actual cash, and promoted a digital economy. The Development and Goals of NEFT The requirement to update India's payment infrastructure led to the creation of...
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BANK NEWS

NEFT (National Electronic...

A well-known electronic payment method for interbank transfers in India is called National Electronic Funds Transfer (NEFT). The Reserve Bank of India (RBI) introduced...
Shilpy Gupta -
BANKING & FINANCE

Local Area Banks...

Local Area Banks (LABs) emerge as a distinct and vital component of the financial ecosystem in the swiftly changing landscape of contemporary banking, where...
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BANKING & FINANCE

Financial Intelligence Unit...

India's Financial Intelligence Unit (FIU) is a key body that plays a key part in fighting financial crimes and keeping the financial system of...
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ECONOMY

Sovereign Gold Bond...

The Government of India started the Sovereign Gold Bond Scheme 2015 so that people could trade in gold in a safe and efficient way....
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BANKING & FINANCE

Countercyclical Policy

Countercyclical policy is a group of economic steps that the government or central bank takes to lessen the effects of business cycles and keep...
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AUTOMOBILE

Government Companies

India has a long history of government-owned businesses that are very important to the economy of the country. These government companies, which are often...
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BANKING & FINANCE

Banking Regulation Act...

The Banking Regulation Act of 1949 is an important law in India that says how banks should work and how they should be regulated....
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AGRI

Interest Subvention

In India, "interest subvention" refers to a government program or policy that helps people get money by lowering the interest rates on their loans....
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BANK NEWS

Post Office Saving...

Post offices in many countries, including India, run the Post Office Savings Bank (PoSB), which is a savings bank. It is a famous financial...
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