Standing auto debits see high decline rates


Standing auto debits see high decline rates

More than two months after the Reserve Bank of India made it mandatory for banks to reach out to customers before initiating standing debit instructions, lenders continue to see high decline rates as many merchants are yet to sign up for auto-debit services.

The fee collected by bankers through share sale proceeds was more than three times at Rs 776.7 crore compared with 2020.


https://ift.tt/3K4FbyL

Post a Comment

Finance

Finance Finance Rs 2,317 crore loan given by DHFL to Radius Group was laundered by the Wadhawan brothers, ED tells court Jun 28, 2022, 08...

My Instagram

Copyright © Pramukh Advisor. Made with by OddThemes