For the past few months, Reserve Bank of India (RBI) crafted a rule that it is compulsory for both the debit and credit card holders to give out their Personal Identification Number (PIN) during the transactions at vending outlets all over the country.
Life Insurance Corporation has announced that those who take up Life Insurance policy should have their bank account details in hand and this rule will come into practice from 1 April.
The difficulties experienced by non-banking financial institutions while collecting the interest or advance in rounding off the amount less than Rs. 1/- to the nearest Rupee was brought to the notice of the Reserve Bank of India.
Enlivening the growth and defeating the high price rises, chiefly during the peril of a sub-par monsoon, lies in the urgent priority list, for the new finance minister, who is probably to be Arun Jaitley.
New seating in Lufthansa flights
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Lufthansa has introduced new business class seats with horizontal sleeping surface on its A340-300 flights on the Chennai-Frankfurt route.
The Reserve Bank of India on Friday emphasized that banks must meticulously follow its instructions on CCTV coverage of all cash-handling operations in currency chests, including packing of soiled notes.
