RBI Governor Das to meet heads of Small Finance Banks on March 15

Reserve Bank of India (RBI) Governor Shaktikanta Das will hold a meeting with heads of Small Finance Banks on March 15 to discuss their participation in priority sector lending and financial inclusion. “Small Finance Banks have an important role in promoting financial inclusion and priority sector lending,” RBI Governor Shaktikanta Das wrote on his Twitter page on March 14. “Will hold meeting with MD/CEOs of Small Finance Banks tomorrow.” There are 10 Small Finance Banks in India currently. In 2017, RBI gave out differentiated banking licences to Equitas Holdings, Ujjivan…

Read More

Automobile researchers, organisations can buy bulk vehicle data from the next fiscal

To ‘support’ the automobile industry, the government has come out with a policy where organisations and researchers can buy bulk data pertaining to vehicle registrations on an annual basis. Eligible bodies can purchase the data for Rs 3 crore from the next fiscal and would be required to ensure strict security steps to prevent its theft or transfer, according to the policy approved by the government. Violation of data, the policy warns, will result in action under the IT Act and other applicable laws besides debarring the agency from access…

Read More