What is The Banking System in India
The banking system in India is primarily regulated by the Reserve Bank of India (RBI), which oversees monetary policy and financial stability. The RBI announced various initiatives to enhance banking efficiency and promote financial inclusion. Recent developments include the introduction of RBI notes that aim to improve transaction transparency. Additionally, the RBI's new scheme focuses on digital banking to cater to a wider population, ensuring easier access to banking services across urban and rural areas. Know more – – https://bit.ly/4eENwYK