RBI has held several internal discussions and consulted with other central banks on possibility of launching India’s own digital currency.
Following the outage, several HDFC customers were unable to access their salary accounts to make bill payments.
The private lender, however, didn’t provide any timeline for an expected resolution.
Two of the country’s largest private sector banks said they will hire a total of about 5,000 fresh graduates, with a greater emphasis on tech talent.
With a customer base of 50 million, HDFC Bank is the largest private sector bank in the country and one of the largest retail banks in the world.
Well-paying consulting and technology companies are now on the top of the preference list for fresh graduates of Indian Institutes of Management and other business schools.
The April–November period this year recorded 200 times more frauds compared to entire FY18.
A huge number of Paytm user have already approached the company’s cyber cell and RBI's ombudsman.
As per experts, the system would work with AAs onboarding customers on to their service platforms somewhat similar to how payment companies acquire customers through mobile applications.
Higher premiums will likely apply to Delhi residents seeking fresh policies. Insurance industry professionals said there has been an increase in claims from Delhi residents and costs of settlements have also risen. Capital residents who are deemed high risk given air pollution levels will likely pay the highest premiums.
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