In August 2011, RBI advised banks to automate the process for the recognition of NPAs,…
Author: Zayax Somra
Recently, the US decided to ban Tik-Tok and WeChat from its app stores citing national security concerns over the possibility of data being siphoned off to China. The Department of Commerce in the US said it will bar people in the US from downloading both the apps from app stores.
On September 4, 2020, RBI revised the guidelines for priority sector lending, applicable to all commercial banks including RRBs, Small Finance Banks, Local Area Banks, and Primary (Urban) Cooperative Banks to align it with the emerging needs of the country and bring a sharper focus on inclusive development.