Currently MICR code is available on the cheque leaf with the IFSC code
Calls World Bank an 'indispensable partner' for the US
Total income rises to Rs 1,525 cr in January-March quarter as compared to Rs 1,218 cr
Says MFIs will have to take care of issues like concentration risk, reduction of operational costs and corporate governance
Restrictions placed on the purchase of shares of the bank are withdrawn with immediate effect
Country's largest lender lowers interest rates up to 1%
Mandatory ring-fencing of retail operations seen unfeasible
Challenges remain with stressed borrowers in low-growth sectors
Yet to decide on base rate, even as Allahabad Bank, UBI, Kotak Mahindra, Deutsche Bank reduce theirs
ICICI works on similar lines alternative to Business Correspondents to reach financial inclusion targets