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What is cashnet and what can it do for you?
Cashnet is a internet banking company based in India. They specialize in ATM's and the banking system for them is useful to those in India allowing its use for those outside the country to use if vactioning.
Who regulates the indian banking?
The Banking System of India is regulated by the Reserve Bank of India or RBI. RBI was established in the year 1935 with headquarters in Mumbai, India to oversee and supervise the banking industry in India. Every bank that functions inside the border of the country of India have to obtain prior approval from RBI before starting services and is bound to follow all the rules and guidelines laid down by them. The primary goal of RBI is to protect the citizens of the country from unfair practices which the banks may indulge in, if left unregulated/unsupervised.
Which system of banking is followed in India?
commercial bank system
What is the banking system in India?
Banking system in India is monitored by an agency called RBI. RBI grants licenses to new banks after consulting it with government agencies.
When was savings banking system introduced in India?
1885
Which country use Indian place value system?
India itself uses the Indian place value system. However, countries that were once part of the Indian subcontinent, such as Pakistan, Nepal, Bangladesh, and Sri Lanka, also use the Indian place value system. Additionally, some Southeast Asian countries, including Indonesia, Malaysia, and Cambodia, adopted the Indian place value system through cultural interactions with India in the past.
Do Indian banks have internet banking facilities?
Yes. Most Indian banks have Internet banking facilities. ICICI, HDFC, Axis Bank, SBI etc are some leading banks in India that provide Internet Banking facilities to its customers.
Which agency proposed teaching of financial in school?
indian banking association/reserve bank of india
Briefly explain the evolution of banking system in India?
E-banking in India dates back to the 1980s and was established to allow people to access a banking system using a telephone line. It started with basic services and grew from there. It's estimated that over 21 million people in India now use e-banking services.
Which is the strongest country in the Indian Subcontinent?
India is the most powerful/strongest country in the Indian subcontinent.
How many banks are using SAP in India?
None of the Indian scheduled commercial banks in India are using SAP for their core banking operations.
Which bank launched swabhiman scheme?
Reserve Bank of India & Indian Banking Association introduced this scheme.
