The new year is beginning to shower good news for the people. In a latest one, customers of a bank will soon be able to deposit cash at any bank branch or the ATM. The proposal has been sent by none other than National Payment Corporation of India (NPCI).
Singapore’s DBS Banking Group has shown bad signs about India’s GDP growth for this financial year. It has predicted it to go down to 5% from 5.5% as of now and it will sluggishly climb for the recovery of this nation’s economy.
Banker are being warned by RBI’s Deputy Governor MK Jain about the growing stress in Mudra, Micro Units Development and Refinance Agency Ltd. He asked them for a stringent and close monitoring stating that such unsustainable