By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
NorthBridge TimesNorthBridge Times
  • Auto
    • Bikes
  • Entertainment
    • Bollywood
    • Celebrity
    • Hollywood
  • Events
  • Festival
    • Diwali
    • Holi
  • Sports
    • NBA
    • Basket Ball
    • Cricket
    • Hockey
  • Health
    • COVID-19
  • Technology
Search
© 2022 NorthBridge Times. All Rights Reserved.
Reading: RBI plans to reduce transaction costs – PAC panel members tell
Share
Aa
NorthBridge TimesNorthBridge Times
Aa
Search
Follow US
© 2022 NorthBridge Times. All Rights Reserved.




Home – India

RBI plans to reduce transaction costs - PAC panel members tell
IndiaBusiness

RBI plans to reduce transaction costs – PAC panel members tell

Ankita Sharma
Ankita Sharma Published January 21, 2017
Last updated: 2017/01/21 at 9:36 AM
Share
2 Min Read
PAC Chief K V Thomas
SHARE

The Reserve Bank of India is working on the plans to reduce the transaction costs as it tries to encourage more digital banking, PAC panel members told as they quoted RBI Governor Urjit Patel.

RBI plans to reduce transaction costs - PAC panel members tell
PAC Chief K V Thomas

PAC panel members tell that transaction costs likely to be reduced soon

“We are working on a mechanism to bring down transaction costs… we are speaking to all stakeholders”, the PAC panel member quoted Urjit Patel as saying. Urjit Patel recently appeared before the standing committee of the parliament regarding the committee’s probe into the demonetisation policy of the government. “It will take a few more weeks for the situation to improve in rural and remote areas”, Urjit Patel said.

Also Read: Urjit Patel on Demonetisation probe: I felt like taking a College Viva Exam, Terrified & Answerless

He also said that the situation of the economy will improve very soon and the cash-starved masses will get relief. He said that the situation in the urban areas was ‘almost normal’ and now greater effort were being made to provide cash in the rural regions of the economy as well.

When a PAC panel member said that there was a huge mismatch between the total amount of cash deposited and actual cash in the cooperative banks, Urjit Patel said that he is well informed about the matter and that the query regarding the same is being undertaken by the Financial Intelligence Unit-India (FIU-IND).

He has said that while the parliamentary standing committee was questioning him, he felt like he was appearing for College Viva exam and felt very terrified as the query left him answerless.

Also Read: After Rahul Gandhi’s torn Kurta jibe at Modi, generous Samaritans send him financial help and a new Kurta

You Might Also Like

Apple Current Worth is More Than Alphabet, Amazon and Meta Combined

Stock Market: Asian Markets Looking Strong

Best Diwali Sandesh to Soldiers Greetings, Wishes, Messages to Indian Army

Diwali Crackers Harmful Effects: Top 6 Reasons Why You Should Give Up Bursting Crackers

Diwali Sizzle: Top Best Diwali Dresses To Try Out On This Festival Of Lights

TAGGED: india, parliament standing committee, parliamentary accounts committee, Urjit patel, Urjit Patel demonetisation

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
[mc4wp_form]
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Ankita Sharma January 21, 2017
Share this Article
Facebook TwitterEmail Print
Share
Previous Article rangoon 2017 full movie songs 678x381 Rangoon Music Review: Shahid Kangana & Saif love triangle, A perfect tribute to 40’s!!
Next Article US President Donald Trump swearing in ceremony - Narendra Modi looking further to further bilateral ties US President Donald Trump swearing in ceremony – Narendra Modi looking forward to further bilateral ties
Leave a comment Leave a comment

Leave a Reply Cancel reply

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

This site uses Akismet to reduce spam. Learn how your comment data is processed.




Latest News

Apple Current Worth is More Than Alphabet, Amazon and Meta Combined
Apple Current Worth is More Than Alphabet, Amazon and Meta Combined
Business Economy November 7, 2022
Stock Market: Asian Markets Looking Strong
Stock Market: Asian Markets Looking Strong
Economy Business November 7, 2022
Home Study Courses
Managing a Small Business: 5 Tips for Long Term Growth
Business May 7, 2022
Medical Supplies Can Protect You When You Work With Radiation
Which marketing techniques are likely to benefit your manufacturing business?
Business February 17, 2022

You Might also Like

Apple Current Worth is More Than Alphabet, Amazon and Meta Combined
BusinessEconomy

Apple Current Worth is More Than Alphabet, Amazon and Meta Combined

November 7, 2022
Stock Market: Asian Markets Looking Strong
EconomyBusiness

Stock Market: Asian Markets Looking Strong

November 7, 2022
Diwali Sandesh to Soldiers
IndiaFestival

Best Diwali Sandesh to Soldiers Greetings, Wishes, Messages to Indian Army

October 15, 2022
Diwali Crackers Harmful Effects
FestivalDiwaliIndia

Diwali Crackers Harmful Effects: Top 6 Reasons Why You Should Give Up Bursting Crackers

October 14, 2022

NBT

We influence 20 million users and is the number one business and technology news network on the planet.

Quick Link

  • Home
  • About Us
  • Contact Us
  • Privacy Policy
  • Advertise With Us
January 2023
M T W T F S S
 1
2345678
9101112131415
16171819202122
23242526272829
3031  
« Dec    
NorthBridge TimesNorthBridge Times
Follow US

© 2015-2022 NorthBridge Times. All Rights Reserved.

Removed from reading list

Undo
Welcome Back!

Sign in to your account

Lost your password?