The Union Finance Minister Shri Arun Jaitley holds Video Conferencing with Banks for major push to cash less transactions; Banks to now focus on stepping-up https://www.taxtmi.com/news?id=16931 A coordinated push to accelerate transition to digital payments following the withdrawal of specified high denomination notes is being advanced through banking sector measures and outreach. Banks are to scale up transactions across alternative channels-NEFT, mobile wallets, prepaid cards, QR codes, payroll cards, debit and credit cards, and UPI-with emphasis on semi urban and rural uptake, supported by the Indian Bankers Association's consumer education. As cash pressure eases, banks will restart normal lending including Mudra support delivered via payment instruments, while short term incentives and monitored liquidity releases support agricultural and cooperative bank needs. en-us Thu, 24 Nov 2016 18:48:45 +0530 Thu, 24 Nov 2016 18:48:45 +0530 TaxTMI RSS Generator The Union Finance Minister Shri Arun Jaitley holds Video Conferencing with Banks for major push to cash less transactions; Banks to now focus on stepping-up https://www.taxtmi.com/news?id=16931 A coordinated push to accelerate transition to digital payments following the withdrawal of specified high denomination notes is being advanced through banking sector measures and outreach. Banks are to scale up transactions across alternative channels-NEFT, mobile wallets, prepaid cards, QR codes, payroll cards, debit and credit cards, and UPI-with emphasis on semi urban and rural uptake, supported by the Indian Bankers Association's consumer education. As cash pressure eases, banks will restart normal lending including Mudra support delivered via payment instruments, while short term incentives and monitored liquidity releases support agricultural and cooperative bank needs. News - Thu, 24 Nov 2016 18:48:45 +0530 https://www.taxtmi.com/news?id=16931