The central government has issued guidelines for all public and private sector banks under the RBI. By the way, RBI is also unhappy with the attitude and style of functioning of public sector banks. RBI has also issued a new rule regarding the lunch time of banks. From now on all employees will not be able to go to lunch at one time. RBI has also instructed all the banks regarding the CIBIL score in the loan process.
A person cannot be denied a loan due to a poor CIBIL score. Recently, the central government has also considered privatization of all public sector banks except SBI. All these decisions of the government will not only improve the condition of the banks but also benefit the customers. Let us know what benefits are going to be given to the account holders of private banks.
New Banking Rule
The government has taken some big decisions for private sector banks. In this, some things have come out about HDFC, ICICI and Axis Bank. For the banks of the regions except SBI, the government has taken some decisions which are very beneficial for the convenience of the customers. The benefits of government schemes in banks, FD, interest etc., everything is done by RBI. So at the same time, after these things, the government has taken some more decisions which are very beneficial for the account holders.
The central government has allowed three private sector banks to provide finance services on foreign purchases. For the same information, let us tell you that this right was available only on public sector banks. But now these have also become effective on private banks. The government has allowed that a capital of Rs 2 thousand crore can be given on these banks for 1 year. In this, now a big responsibility has been entrusted to HDFC, ICICI and Axis Bank on behalf of the government.
This is the first time that the government has allowed three banks to simultaneously provide financial services on foreign purchases. According to the Ministry of Defense, these banks will be monitored regularly so that further action can be completed as per the need.
