• About Us
  • Advertise
  • Contact Us
  • DMCA
  • Privacy Policy
  • Follow on Google News
Wednesday, March 22, 2023
  • Login
Country First
  • Home
  • India
    • National
    • State News
  • World
  • Business
  • Education
  • Entertainment
  • Lifestyle
    • Health & Fitness
    • Fashion & Beauty
    • Travel
    • Food
    • Photography
  • Tech
    • App News
    • Gadgets
  • Auto
  • Others
    • Sports
    • Agriculture
    • Science
    • Astrology
    • Finance/Money
    • Press Release
    • Religion
    • Social Work
No Result
View All Result
  • Home
  • India
    • National
    • State News
  • World
  • Business
  • Education
  • Entertainment
  • Lifestyle
    • Health & Fitness
    • Fashion & Beauty
    • Travel
    • Food
    • Photography
  • Tech
    • App News
    • Gadgets
  • Auto
  • Others
    • Sports
    • Agriculture
    • Science
    • Astrology
    • Finance/Money
    • Press Release
    • Religion
    • Social Work
No Result
View All Result
Country First
No Result
View All Result

Embargo lifted on grant of Government Business to Private Banks

Country First by Country First
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.

You might also like

Univest collaborates with Pratik Gandhi to conquer retail investor challenges

Univest collaborates with Pratik Gandhi to conquer retail investor challenges

January 10, 2023
How long does it take to get a Credit Card?

How long does it take to get a Credit Card?

January 3, 2023
Tags: Private Banks
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

Country First

Country First

Related Posts

Univest collaborates with Pratik Gandhi to conquer retail investor challenges

Univest collaborates with Pratik Gandhi to conquer retail investor challenges

by Country First
January 10, 2023
0

New Delhi:  Univest, a fintech startup, is a one-stop solution for all investment problems has on-boarded Pratik Gandhi (‘Harshad Mehta’ fame...

How long does it take to get a Credit Card?

How long does it take to get a Credit Card?

by Country First
January 3, 2023
0

Getting approved for a credit card can take as little as 60 seconds once you fill out an online application and...

Public Financing India, Consulting & Advisory organization, public relations and engagements, Education, Community Health, Sustainable Livelihood Development, Infrastructure Development,

Working together for a social cause

by Country First
November 16, 2022
0

In India, over 21 million people are belonging from economically lower class. This is equivalent to 2.1% of the population....

NIUM optimistic about USD 60T B2B payment opportunity

NIUM optimistic about USD 60T B2B payment opportunity

by Country First
October 14, 2022
0

Prior to the pandemic, only 33% of B2B payments were electronic, due to a lack of investment in foundational payments infrastructure...

Next Post

Remembering the architect of modern biology and biotechnology in India

Leave a Reply Cancel reply

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

Related Post

Apna Bhada provides 3500 New Cars to the drivers on 0 costs

Apna Bhada provides 3500 New Cars to the drivers on 0 costs

July 25, 2022
The “Italian Stallion” and Ace Entertainer Davide Giliberti is making a buzz in the entertainment industry

The “Italian Stallion” and Ace Entertainer Davide Giliberti is making a buzz in the entertainment industry

March 30, 2022
PingPong Payments is set to organise another Demystifying Cross Border Business Event in Delhi

PingPong Payments is set to organise another Demystifying Cross Border Business Event in Delhi

June 22, 2022

Category

  • Agriculture
  • App News
  • Astrology
  • Auto
  • Business
  • Education
  • Entertainment
  • Fashion & Beauty
  • Finance/Money
  • Food
  • Gadgets
  • Health & Fitness
  • Lifestyle
  • National
  • Photography
  • Politics
  • Press Release
  • Religion
  • Science
  • Social Work
  • Sports
  • State News
  • Tech
  • Travel
  • World

Tags

Ace Entrepreneur Ahmedabad Artificial intelligence Bengaluru Blockchain technology Content Creator COVID-19 Cryptocurrency CSIR DBT DeFi and NFT navigation tool Delhi DeSpace Protocol Digital Marketing disease DST Dubai Education entrepreneur environment Ginny Kapoor Gujarat India's Most Prominent Pageant Indian Institute of Technology Influencer Influencerquipo Kingston Technology MoES Mr. Gagandeep Kapoor Mrs.INDIA Galaxy Mrs.INDIA Galaxy 2022 Mumbai Music Industry National Pageant Mrs.INDIA Galaxy 2022 NFT pandemic photography real estate research science social media Surat technology TTK Prestige Vibrant Concepts

Country First is a digital news and story platform that bring you the news, articles, stories, and opinions on the latest happenings worldwide covering various sectors like nation, politics, and governance, social sector, review, foreign affairs, defence and security, latest review, lifestyle, entertainment, sports, technology, auto sectors, education, business and start-ups updates, Agriculture, Science, finance, money, food, and culture, etc.

  • About Us
  • Advertise
  • Contact Us
  • DMCA
  • Privacy Policy
  • Follow on Google News

© 2022 Country First

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

© 2022 Country First

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