Financial institutions have to obtain self-certification for all individual and entity accounts opened between 2014 and 2015
The banks will charge a minimum of Rs 150 on every cash deposit and withdrawal after the first four transactions
Bankers have urged the RBI to stick to an existing framework instead of a separate asset management entity to restructure soured loans
Social media had been abuzz recently with the rumour that a new note was in the offing
Banks are flush with low-cost deposits on account of demonetisation as a result of which their lending rates fell by up to 1% last month
The Reserve Bank of India also asked banks to issue more currency denomination notes below Rs 100
India's central bank said it could not answer the question, since it did not come under the definition of 'information'
Queues to withdraw cash also truncated as many ATMs continued to remain shut.
The committee to review the framework related to digital payments presented its report to the government Tuesday