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There are allegation that from November 15 to November 18, the bank manager had issued 149 demand drafts for amounts less than Rs 50,000 in favour of a Pune-based finance company in violation of RBI guidelines.

Govt proposes Payments Regulatory Board in RBI

Government will undertake a comprehensive review of this Act and bring about appropriate amendments.

1 Feb 2017 4:58 PM IST