• About Us
  • Advertise
  • Contact Us
  • DMCA
  • Privacy Policy
  • Follow on Google News
Tuesday, October 3, 2023
  • Login
News Punjab
  • Home
  • Punjab
  • India
    • National
    • State News
  • World
  • Business
  • Education
  • Entertainment
  • Lifestyle
    • Health & Fitness
    • Fashion & Beauty
    • Travel
    • Food
    • Photography
  • Tech
    • App News
  • Auto
  • Sports
  • Finance/Money
  • Others
    • Agriculture
    • Science
    • Astrology
    • Press Release
    • Religion
    • Social Work
No Result
View All Result
  • Home
  • Punjab
  • India
    • National
    • State News
  • World
  • Business
  • Education
  • Entertainment
  • Lifestyle
    • Health & Fitness
    • Fashion & Beauty
    • Travel
    • Food
    • Photography
  • Tech
    • App News
  • Auto
  • Sports
  • Finance/Money
  • Others
    • Agriculture
    • Science
    • Astrology
    • Press Release
    • Religion
    • Social Work
No Result
View All Result
News Punjab
No Result
View All Result
Home Finance/Money

Embargo lifted on grant of Government Business to Private Banks

by News Punjab Desk
February 25, 2021
in Finance/Money
Reading Time: 1 min read
A A
0
Share on FacebookShare on Twitter

New Delhi : The Government has lifted the embargo on private sector banks (only a few were permitted earlier) for the conduct of Government-related banking transactions such as taxes and other revenue payment facilities, pension payments, small savings schemes, etc. This step is expected to further enhance customer convenience, spur competition and higher efficiency in the standards of customer services. Private sector banks, which are at the forefront of imbibing and implementing latest technology and innovation in banking, will now be equal partners in development of the Indian economy and in furthering the social sector initiatives of the Government.

With the lifting of the embargo, there is now no bar on RBI for authorization of private sector banks (in addition to public sector banks) for Government business, including Government agency business. The Government has conveyed its decision to RBI.

RELATED POSTS

Leveraging Technology for Manufacturing & Pharma Industry Growth: The Vision of Subodh Bajpai, India’s Funding Guru

Leveraging Technology for Manufacturing & Pharma Industry Growth: The Vision of Subodh Bajpai, India’s Funding Guru

June 15, 2023
PayRup, India’s Fastest Payment app is launched

PayRup, India’s Fastest Payment app is launched

January 9, 2023
Tags: Private Banks
ShareTweetShareSendSharePinSend
Previous Post

India hosts First Meeting of BRICS Finance and Central Bank Deputies

Next Post

Remembering the architect of modern biology and biotechnology in India

News Punjab Desk

News Punjab Desk

Related Posts

Leveraging Technology for Manufacturing & Pharma Industry Growth: The Vision of Subodh Bajpai, India’s Funding Guru

Leveraging Technology for Manufacturing & Pharma Industry Growth: The Vision of Subodh Bajpai, India’s Funding Guru

by News Punjab Desk
June 15, 2023
0

Subodh Bajpai has undoubtedly made a significant impact in the Indian funding space. With his exceptional investment acumen and customized...

PayRup, India’s Fastest Payment app is launched

PayRup, India’s Fastest Payment app is launched

by News Punjab Desk
January 9, 2023
0

Bangalore (Karnataka) : PayRup (https://payrup.com) India's fastest payment app was launched on Saturday. PayRup is built by cutting-edge technology of...

Drivio, a digital-first omnichannel two-wheeler financing platform in making, raises USD 1 million in seed funding

Drivio, a digital-first omnichannel two-wheeler financing platform in making, raises USD 1 million in seed funding

by News Punjab Desk
January 2, 2023
0

Founded in April 2022, the digital platform is expecting to clock INR 100Cr+ two-wheeler loans by the end of the...

RBI’s PCA (Prompt Corrective Action) withdrawn from UCO Bank

by News Punjab Desk
December 15, 2021
0

The bank also reduced interest rates on health products, home loan (6.50%), car loan (7.25%) and in MSME sector (7.20%)....

Ezeepay to Launch Doorstep Digital Services in Rural Area

by News Punjab Desk
June 17, 2021
0

New Delhi: Ezeepay, India's leading Fintech startup is set to revolutionize digital services in Rural India by launching Ezeepay DDS...

Next Post

Remembering the architect of modern biology and biotechnology in India

United Green Hospital and Mindray India collaborates to inaugurate advanced standardised laboratory in Surat

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

ANANTA Navratri 2023: A Grand Celebration with Osman Mir & Shivamani

ANANTA Navratri 2023: A Grand Celebration with Osman Mir & Shivamani

October 3, 2023
Hidden gems from tier 1 and 2 colleges steal spotlight in Contentstack Techsurf 2023

Hidden gems from tier 1 and 2 colleges steal spotlight in Contentstack Techsurf 2023

September 30, 2023
Narayana Health launches their First Ever Brand Campaign ‘Take Care’

Narayana Health launches their First Ever Brand Campaign ‘Take Care’

September 30, 2023

Categories

  • Agriculture
  • App News
  • Astrology
  • Auto
  • Business
  • Education
  • Entertainment
  • Fashion & Beauty
  • Finance/Money
  • Food
  • Health & Fitness
  • India
  • Lifestyle
  • National
  • Photography
  • Politics
  • Press Release
  • Punjab
  • Religion
  • Science
  • Social Work
  • Sports
  • State News
  • Tech
  • Travel
  • World
  • About Us
  • Advertise
  • Contact Us
  • DMCA
  • Privacy Policy
  • Follow on Google News

© 2022 News Punjab

No Result
View All Result
  • About Us
  • Advertise
  • Contact Us
  • DMCA
  • Home
  • Privacy Policy

© 2022 News Punjab

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In