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Central Bank of India, Brabourne Road Branch (in blue), in Kolkata. Central Bank of India was one of the first banks in India to issue credit cards in the year 1980 in collaboration with Visa. [citation needed] On its 108th Foundation day, Central Bank of India launched its first step towards robotic banking, a robot named "MEDHA".
Issues like central bank independence, central bank policies, and rhetoric in central bank governors' discourse or the premises of macroeconomic policies [9] (monetary and fiscal policy) of the state, are a focus of contention and criticism by some policymakers, [10] researchers, [11] and specialized business, economics, and finance media. [12 ...
In 2014, India's Aam Aadmi Party used missed call numbers for a recruitment campaign. In less than a month, the line was used to recruit 700,000 new members. [20] On 31 January 2016, Indian Prime Minister Narendra Modi's monthly radio address Mann Ki Baat became available by phone through a missed call number. A government official stated that ...
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The Reserve Bank of India (India's Central Bank) maintains this payment network. Real-time gross settlement is a funds transfer mechanism where transfer of money takes place from one bank to another on a 'real time' and on 'gross' basis. This is the fastest possible money transfer system through the banking channel.
This closed a case of bank fraud in which Chatwal had been embroiled for over a decade. Along with four others, Chatwal was charged with being part of a "criminal conspiracy" to defraud the Bank of India's New York branch of ₹ 28.32 crore (US$3.2 million). Four charges were filed by the CBI, with Chatwal named a defendant in two.
Reserve Bank of India, abbreviated as RBI, is the central bank of India, and regulatory body responsible for regulation of the Indian banking system and Indian currency. Owned by the Ministry of Finance , Government of India , it is responsible for the control, issue, and maintenance of the supply of the Indian rupee.
Banking Ombudsman is a quasi-judicial authority created in 2006, and the authority was created pursuant to a decision made by the Government of India to enable resolution of complaints of customers of banks relating to certain services rendered by the banks. The Banking Ombudsman Scheme was first introduced in India in 1995 and was revised in ...