MUMBAI: RBI today asked banks to drop the ‘no-frills’ tag from the basic saving accounts as the nomenclature has become a stigma. It has asked the banks to provide zero balance facility in the basic banking accounts along with ATM-cum-debit cards without any extra charge. “With a view to doing away with the stigma associated […]
Government allows up to 51% FDI in multi-brand retail, 100% in single brand NEW DELHI: In a big move, the government on Friday cleared the proposal to allow up to 51 per cent Foreign Direct Investment (FDI) in multi-brand retail. The government has allowed the FDI on the condition that states will be allowed to […]