Business Standard

Aug deadline for rural banking plan

Related News

The Reserve Bank on tuesday asked banks to finalise the road map for providing banking services to villages with less than 2,000 population by August.

“The finalised road map with details of allocated villages to various banks should be submitted to the respective Regional Office of Reserve Bank of India as per format given latest by August 31, 2012,” the said in a notification to banks.

This will help the government to transfer the benefits directly into the account of the beneficiary. It would also save the government administrative cost presently incurred in cash disbursements of social benefits.

Read more on:   
|

Read More

SBI hikes interest rate by 0.25% on deposits of 3-5 yrs

In a surprise move, country's largest bank SBI today increased interest rates on select fixed deposits by 0.25 per cent.

Recommended for you

Advertisements

Quick Links

More news from Finance Rss icon

Opaque disclosures hurt govt banks' valuations

PSU banks have failed to cash in boom time despite desperate capital need

Government invites applications for membership at Irdai

Applications have been invited for the positions of member-life, member-non life and member-finance & Investment

Send money 24x7 using only your phone's address book

HDFC Bank's new app to allow customers transfer money to phone contacts

Back to Top