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What is new in revised locker rent agreements?

Reserve Bank of India, taking into consideration the various developments in the area of banking and technology, the nature of consumer grievances, and other stakeholders, has reviewed the guidelines/instructions issued on locker rent agreements and issued a circular on August 18, 2021, in this regard. ‘The review also took into account, the principles enumerated by…

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RBI extends time for bank locker renewal agreements

Reserve Bank of India (RBI ) on Monday extended the time for banks to renew their customer agreements for locker facilities. The banking regulator of India vide its circular dated August 18, 2021, had issued revised instructions with respect to the Safe Deposit Locker/Safe Custody Article Facility due to compliance delays.The previous deadline of December…

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The biggest challenge of WASH financing

Financing for water, sanitation, and health (WASH) infrastructure is known as WASH financing. USAID (United States Agency for International Development) in India aims to create healthier urban communities and improve livelihoods by increasing access to safe water, sanitation, and hygiene (WASH) services. USAID works directly with the Government of India on its three national flagship…

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