Nearly one of three subscribers who dropped out of the central government’s pension scheme for the unorganised sector, the Atal Pension Yojana (APY), did so because their accounts were opened without their “explicit” permission, a recent sample study by the Indian Council of Social Science Research (ICSSR) has shown. Bank employees did so… Continue reading Accounts opened without permission under APY, 32% dropped out: ICSSR study | India News
Tag: accounts
Digital omnichannel now accounts for 64% of Westlife Foodworld’s sales
Premium To put it into perspective, the McDonald’s franchisee is much ahead of the kerb compared to the country’s quick service restaurant (QSR) chains McDonald’s franchisee, Westlife Foodworld, which operates in west and south India, has aggressively moved to a digital omnichannel platform which now accounts for 64 per cent of its total sales,… Continue reading Digital omnichannel now accounts for 64% of Westlife Foodworld’s sales
RBI approved 34 applications from Russian banks for vostro accounts: Govt
The Reserve Bank of India (RBI) has approved 34 applications from different Russian banks for opening special rupee vostro accounts in 14 Indian commercial lenders as of July 2, Parliament was informed on Wednesday. India’s trade with Russia has been affected by difficulties in payment due to western countries’ sanctions on major Russian… Continue reading RBI approved 34 applications from Russian banks for vostro accounts: Govt
Aggregate deposits in Jan Dhan accounts crosses Rs 2 trn: Centre told LS
Aggregate deposits in 49.49 crore Jan Dhan accounts have crossed Rs 2 lakh crore, Parliament was informed on Monday. The Pradhan Mantri Jan Dhan Yojana (PMJDY) was launched in August 2014 with the aim to provide universal banking services through opening of zero balance bank account for every unbanked household, based on the… Continue reading Aggregate deposits in Jan Dhan accounts crosses Rs 2 trn: Centre told LS