RBI proposes tighter rules for bank agents

MUMBAI, April 6 (Reuters) – The RBI (Reserve Bank of India) on Monday proposed tighter rules for bank agents delivering ​last-mile services in rural and underbanked regions, including ‌stricter oversight, revised pay structures and stronger due diligence. The central bank outlined plans

Rupee rises 14 paise to close at 93.04 against US dollar

Mumbai, Apr 6 (PTI) The rupee gained 14 paise to close at 93.04 (provisional) against the US dollar on Monday, following the Reserve Bank’s initiatives designed to curb speculative fervour and dampen volatility in the rupee. Forex traders said that though the RBI

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