New banking laws required for microfinance to take root, says Nobel laureate Muhammad Yunus
"Today, there is only one law for banking called banking law which defines what a bank should be. The banking law means that you have to have collateral and other requirements," Yunus said at the 13th Sanklap Global Summit 2021.
RBI authorises Karur Vysya Bank to collect direct taxesAfter the integration process is over, customers would be able to remit direct taxes via any branch or via net banking or DLite Mobile application.
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