SBI plans to double YONO users after launching new version
India’s largest bank also plans to put 10,000 people on the ground to guide people to transition to the digital banking application as it pushes towards a uniform application on the mobile, web and branch banking.
RBI doubles liquidity injection to Rs 1.5 lakh crore ahead of tax payments
The Reserve Bank of India is injecting Rs 1.5 lakh crore into the financial system. This move aims to prevent any cash crunch as advance tax and GST payments are due. The central bank is conducting a dollar-rupee buy-sell swap to add more liquidity. This action will help keep overnight interest rates stable.