Central bank

RBI to allow offline payments through cards on pilot basis https://www.livemint.com/industry/banking/rbi-to-allow-offline-payments-through-cards-on-pilot-basis-11596710276117.html

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Its been 88 years since India’s central bank, the Reserve Bank of India (RBI) was set up. On April 1, 1935, RBI was founded on the basis of the recommendations of the 1926 Royal Commission on Indian Currency and Finance, also known as the Hilton Young Commission.

​​​ A trans-friendly or inclusive labour culture is the need of the hour and this is a big step towards the inclusive revolution, Kerala-based ESAF Small Finance Bank said in a statement. The Reserve Bank of India in 2015 directed banks to include a separate column 'third gender' in all their forms and applications.

The Bank of Canada will pay close attention to how the economy responds to both higher interest rates and a stronger Canadian dollar, and remains data-dependent as it looks ahead to further decisions on interest rates, a top official said on Monday.

Things that would have been easily fixed a decade ago, or even five years ago, will soon be unsolvable by conventional means. And central bankers are the ones to blame.

Average inflation in FY18 is likely to remain benign and much below 4%, even though near-term inflation outlook is likely to see a vegetable-induced spike.

If retail banking serves the financial needs of the people, then commercial banking offers financial services to corporations. It is basically the customer being served that differentiates between Consumer Banking and Commercial Banking. That being said, the purpose is still almost the same, to be a company's custodian of money and also assist corporations with their business operations by lending money.

A tight monetary policy refers to central bank policy aimed at cooling down an overheated economy and features higher interest rates and tighter money supply.

There are different types of banks in India such as- commercial banks, cooperative banks, investments banks and so on... #different #banks #companies #India #stepupstudent #industry