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Government, RBI ask banks to boost ATM cash supply New Delhi: The Government of India and the Reserve Bank of India (RBI) have asked commercial banks to divert more cash to ATMs in order to make them fully functional by the end of January or early February 2017, and also ensure adequate supplies of f...

Times of India January 10, 2017

RBI asks banks to supply at least 40% of currency to rural areas Mumbai: The Reserve Bank of India (RBI) has instructed banks to give priority to rural areas in supplying cash and ensure that at least 40 per cent of currency issued are in denomination of Rs 500 or below, to meet the shortage of currency notes afte...

HT Business January 04, 2017

Single platform to pay all utility bills in rural areas New Delhi: The Ministry of Communication and Information Technology is expected to launch the Bharat Bill Payment System (BBPS) by December 2016 or in early January 2017, which would provide a one-stop shop for all government utility payments to the ...

Economic Times December 26, 2016

Magma Fincorp Limited to expand its operations in South India Kochi: Magma Fincorp, a Kolkata-based non-banking finance company (NBFC) plans to expand its operations in South India, with specific focus on rural and semi-urban markets to help the company grow rapidly....

Economic Times December 23, 2016

Next step towards '24x7 Power For All': Shri Piyush Goyal launches GARV-II App to track Rural Household Electrification and Citizen Engagement Window 'SAMVAD' New Delhi: Mr Piyush Goyal, Minister of State with Independent Charge for Power, Coal, New and Renewable Energy and Mines, has launched a new app, GARV-II, to provide real time data of all 600,000 villages in the country, to track progress on househo...

Press Information Bureau December 21, 2016
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