On Thursday government announced that the mega bank merger plan was on track and would come into effect from April 1. Banking Secretary Debasish Panda told reporters that the banking sector would be able to overcome the challenges posed by the outbreak of coronavirus pandemic. “That is very much on the track. It’s parallel activity ...

Amid the national lockdown, declared to curtain the spread of corona virus, Indian banks suggested their customers to opt for mobile or internet banking over cash. The shutdown has resulted in lesser staff. The move helps in preventing the unnecessary crowding of branches. The banks are offering digital schemes in the wake of pandemic to ...