Will ensure users don't face bank merger pain: FM

The proposed bank mergers could be less traumatic for account holders, with finance minister Nirmala Sitharaman promising to attend to probl... thumbnail 1 summary
The proposed bank mergers could be less traumatic for account holders, with finance minister Nirmala Sitharaman promising to attend to problems arising out of tech related systemic changes. Account holders could face issues related to standing instructions given to banks for dividend payments, reimbursements and fund transfers as IFSC codes of banks which will be merged with other banks will change.

from The Times of India https://ift.tt/2ZItzgi

No comments

Post a Comment

Subscribe to: Post Comments (Atom)