The administration informed Parliament that concrete actions were taken by the RBI and government-assisted banks in recovering bad loans of more than Rs 8.6 lakh crore over the previous eight fiscal years.
The Reserve Bank has imposed several restrictions, including on the withdrawal of funds, on three cooperative banks in view of their deteriorating financial condition.
The Unified Payments Interface and the RuPay card Scheme, have signed an MoU confirming a partnership with the payments solutions provider PayXpert to internationalise the acceptance in the UK.
Union Defence Minister Rajnath Singh attended the annual meeting of Defence Ministers of the Shanghai Cooperation Organisation (SCO) member states in Tashkent, Uzbekistan.
EXAMIANS