In a statement on special measures for the current financial year (2023-24) and in the wake of the annual closing of government accounts, the Reserve Bank said that electronic transactions can be done till the stipulated time on both days (March 30 and March 31).
According to Reserve bank of India, this decision comes with the objective of ensuring that all government transactions related to receipts and payments for the fiscal year 2023-24 are accounted for within the stipulated timeframe.
The central bank has written a letter to all the agency banks that they should keep their designated branches open for over-the-counter transactions related to government transactions up to the normal working hours on March 31, 2023.
Mumbai (Maharashtra) [India], August 3 (ANI): Private sector lender IndusInd Bank said on Tuesday it has been empanelled by the Reserve Bank of India (RBI) as an agency bank to facilitate transactions related to government businesses.
New Delhi [India], May 20 (ANI): The Union Cabinet, chaired by Prime Minister Narendra Modi, has approved to enable additional funding of up to Rs 3 lakh crore to eligible Micro, Small and Medium Enterprises (MSMEs) and interested Micro Units Development and Refinance Agency Bank (MUDRA) bor