Digital Banking Units
On 7th April, 2022, the Reserve Bank of India (RBI) released the guidelines on establishment of Digital Banking Units (DBUs). The Finance Minister in her Budget announcement had envisaged setting up 75 digital banking units in 75 districts of the country.
About Digital Banking Units (DBUs)
- It is a specialised fixed point business unit or hub housing certain minimum digital infrastructure for delivering digital banking products and services as well as servicing existing financial products and services digitally in self-service mode at any time.
- All scheduled commercial banks (other than regional rural banks, payment banks and local area banks) with past ....
Do You Want to Read More?
Subscribe Now
To get access to detailed content
Already a Member? Login here
Take Annual Subscription and get the following Advantage
The annual members of the Civil Services Chronicle can read the monthly content of the magazine as well as the Chronicle magazine archives.
Readers can study all the material since 2018 of the Civil Services Chronicle monthly issue in the form of Chronicle magazine archives.
Economy Watch
- 1 Startup Conclave and Exhibition - 2025
- 2 Solar PV Potential Assessment of India
- 3 New Initiatives for Logistics Sector
- 4 Incentive Scheme to Boost Critical Mineral Recycling
- 5 Payments Regulatory Board
- 6 Insurance Surety Bonds Contracts Crosses Rs. 10,000 Crore Landmark
- 7 India’s First PM MITRA Park
- 8 Reforms Driving Growth in Shipbuilding and Maritime Infrastructure
- 9 Sawalkote Hydroelectric Project
- 10 SEBI’s 2025 Amendments to Custodian Regulations
