• About Us
  • Advertise
  • Contact Us
  • DMCA
  • Follow on Google News
  • Login
Upgrade
My Uttarpradesh
  • Home
  • Uttar Pradesh
  • India
    • National
    • State News
  • Tech
    • App News
  • Education
  • Entertainment
  • Lifestyle
    • Fashion & Beauty
    • Health & Fitness
    • Food
      • Recipes
    • Photography
  • Others
    • Auto
    • Finance/Money
    • Astrology
    • Science
    • Agriculture
    • Science
    • Press Release
    • Religion
    • Social Work
No Result
View All Result
  • Home
  • Uttar Pradesh
  • India
    • National
    • State News
  • Tech
    • App News
  • Education
  • Entertainment
  • Lifestyle
    • Fashion & Beauty
    • Health & Fitness
    • Food
      • Recipes
    • Photography
  • Others
    • Auto
    • Finance/Money
    • Astrology
    • Science
    • Agriculture
    • Science
    • Press Release
    • Religion
    • Social Work
No Result
View All Result
My Uttarpradesh
No Result
View All Result
Home Finance/Money

Embargo lifted on grant of Government Business to Private Banks

My UP Desk by My UP Desk
February 25, 2021
in Finance/Money
0
30
SHARES
200
VIEWS
Share on FacebookShare on Twitter

New Delhi : The Government has lifted the embargo on private sector banks (only a few were permitted earlier) for the conduct of Government-related banking transactions such as taxes and other revenue payment facilities, pension payments, small savings schemes, etc. This step is expected to further enhance customer convenience, spur competition and higher efficiency in the standards of customer services. Private sector banks, which are at the forefront of imbibing and implementing latest technology and innovation in banking, will now be equal partners in development of the Indian economy and in furthering the social sector initiatives of the Government.

With the lifting of the embargo, there is now no bar on RBI for authorization of private sector banks (in addition to public sector banks) for Government business, including Government agency business. The Government has conveyed its decision to RBI.

You Might Also Like

PayRup, India’s Fastest Payment app is launched

RBI’s PCA (Prompt Corrective Action) withdrawn from UCO Bank

Ezeepay to Launch Doorstep Digital Services in Rural Area

Tags: Private Banks
Previous Post

India hosts First Meeting of BRICS Finance and Central Bank Deputies

Next Post

Remembering the architect of modern biology and biotechnology in India

My UP Desk

My UP Desk

Related Posts

PayRup, India’s Fastest Payment app is launched
Finance/Money

PayRup, India’s Fastest Payment app is launched

by My UP Desk
January 9, 2023
Finance/Money

RBI’s PCA (Prompt Corrective Action) withdrawn from UCO Bank

by My UP Desk
December 15, 2021
Finance/Money

Ezeepay to Launch Doorstep Digital Services in Rural Area

by My UP Desk
June 17, 2021
Finance/Money

A Beacon Of Hope For Entrepreneurs via Taxation help: Neha Nagar, Leading Financial Content Creator

by My UP Desk
May 12, 2021
Finance/Money

Leading Investment & Mutual Funds Distribution Company RD Investment bags Times Icons of Surat 2020-21

by My UP Desk
April 21, 2021
Next Post

Remembering the architect of modern biology and biotechnology in India

United Green Hospital and Mindray India collaborates to inaugurate advanced standardised laboratory in Surat

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Premium Content

S&T Minister inaugurates new facilities at CSIR-AMPRI, Bhopal

March 16, 2021

JITO to host the 5th edition of the city’s popular Jewellery & Lifestyle Expo – UMANG, from 1st to 3rd October!

September 27, 2021
The inspiring story of the famous male Odissi and Sambalpuri Dancer Rinku Sahoo shadowing stereotypes

The inspiring story of the famous male Odissi and Sambalpuri Dancer Rinku Sahoo shadowing stereotypes

May 23, 2022

Browse by Category

  • App News
  • Astrology
  • Auto
  • Business
  • Education
  • Entertainment
  • Fashion & Beauty
  • Finance/Money
  • Food
  • Health & Fitness
  • Lifestyle
  • National
  • Photography
  • Politics
  • Religion
  • Science
  • Social Work
  • Sports
  • State News
  • Tech
  • Travel
  • Uncategorized
  • Uttar Pradesh
  • World

Browse by Tags

Ahmedabad athlete Blockchain technology Content Creator Cryptocurrency CSIR DBT DeFi aggregators DeFi and NFT navigation tool DeFi industry DeFi spaces Delhi Department of Biotechnology DeSpace platform DeSpace Protocol Digital Marketing Dr. Jitendra Matlani DST Dubai Education entertainment industry entrepreneur environment Gujarat Healthcare Hyderabad IIT Delhi Influencer Micky Irons MoES Mumbai Music Industry NFT Obasi Francis photography PM Pune Rajasthan social media social media influencer Surat TTK Prestige Vigyan Prasar World Book of Records World Environment Day

Categories

  • App News
  • Astrology
  • Auto
  • Business
  • Education
  • Entertainment
  • Fashion & Beauty
  • Finance/Money
  • Food
  • Health & Fitness
  • Lifestyle
  • National
  • Photography
  • Politics
  • Religion
  • Science
  • Social Work
  • Sports
  • State News
  • Tech
  • Travel
  • Uncategorized
  • Uttar Pradesh
  • World

Browse by Tag

Ahmedabad athlete Blockchain technology Content Creator Cryptocurrency CSIR DBT DeFi aggregators DeFi and NFT navigation tool DeFi industry DeFi spaces Delhi Department of Biotechnology DeSpace platform DeSpace Protocol Digital Marketing Dr. Jitendra Matlani DST Dubai Education entertainment industry entrepreneur environment Gujarat Healthcare Hyderabad IIT Delhi Influencer Micky Irons MoES Mumbai Music Industry NFT Obasi Francis photography PM Pune Rajasthan social media social media influencer Surat TTK Prestige Vigyan Prasar World Book of Records World Environment Day

Recent Posts

  • Ananya Birla participated in the discussion on “The Role of Youth Against Climate Change.”
  • Shaping the National Schools with International Accreditation Standards Council for International American Accreditation, New York now launching in India
  • Basant celebrated at Nizamuddin Dargah: Syed Anis Nizami, Incharge Dargah Sharif
  • About Us
  • Advertise
  • Contact Us
  • DMCA
  • Follow on Google News

© 2022 My Uttar Pradesh

No Result
View All Result
  • About Us
  • Advertise
  • Contact Us
  • DMCA
  • Home
  • Privacy Policy

© 2022 My Uttar Pradesh

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?