Monday, May 10, 2021

Private banks allowed to undertake agency jobs for central and state govts without any fresh approval: RBI

Banks seeking fresh approval from RBI for government agency businesses should be healthy and are not under prompt corrective action framework or moratorium at the time of making the application or signing of the agreement with RBI, the central bank said.

source https://economictimes.indiatimes.com/industry/banking/finance/banking/private-banks-allowed-to-undertake-agency-jobs-for-central-and-state-govts-without-any-fresh-approval-rbi/articleshow/82530826.cms

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