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.
India investment bankers earn record Rs 2,200 crore in 2021The fee collected by bankers through share sale proceeds was more than three times at Rs 776.7 crore compared with 2020.
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