Banks start canceling services for auto-debit to duck RBI penalty
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RBI to fine Rs 5 lakh per instance of lapse. Given that millions of bank customers use the auto-debit facility, banks were staring at hundreds of crores in finesBanks start canceling services for auto-debit to duck RBI penalty
RBI to fine Rs 5 lakh per instance of lapse. Given that millions of bank customers use the auto-debit facility, banks were staring at hundreds of crores in fines Read more

