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Author: Chief Editor
https://youtu.be/tA-GYbdiLUc In the last two years, PSBs started offering 10 percent credit facility in emergency times, which made every bank customer, be it MSME or individual, maintain their liquidity requirements. Later, RBI came up with measures to support the sector by pumping in Rs 12 lakh crore and lowering interest rates. As a result, the transmission of interest rates was much faster. As a result, depositors will have to bear lower interest in the national interest of revival and preserving the economy. Atmanirbhar Bharat was a fantastic initiative with ECLGS, PLI, etc. JAM has benefited during the pandemic times to…
Cross border transactions was the second cohort of regulatory sandbox by RBI to test and innovate products for cross border transactions. The Reserve Bank of India on December 16 had announced the second cohort of regulatory sandbox to innovate products for cross-border innovation. The central bank had received 27 application from 26 entities of which eight entities were selected for the test phase. These entities (below mentioned with use-case) will commence testing of their product from the third week of September 2021. Book My Forex Private Limited – The product facilitates fully online outward cross-border remittances to bank accounts and…