Why it's important for govt to maintain public confidence in banks
In the absence of swift policy action, there is potential to dent depositor trust. A sudden moratorium or embargo on access to bank accounts and limits on withdrawal of deposits results in untold misery, despite deposit insurance being in place.
India's HDFC Bank sets ambitious target for card issuance, source says"The sales teams have been asked to meet a target of issuing 500,000 cards a month starting September for the next few months," said the source with direct knowledge of the matter.
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