The Reserve Bank of India (RBI) withdrew the restrictions on American Express Banking Corp and allowed the company to onboard new customers following satisfactory compliance with data storage norms.
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 of India (RBI) published an article titled "Privatisation of Public Sector Banks: An Alternate Perspective" in the August 2022 issue of its bulletin.
Indian men's volleyball team won the bronze medal by defeating Korea 3-2 in the 14th Asian U-18 Championship in Tehran. In a 5-set thriller, India defeated South Korea in the third-place playoff.
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