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Scheduled commercial banks to set up 75 digital banks in 75 districts: FM

Scheduled commercial banks will set up 75 digital banks in 75 districts to encourage digital payments, Finance Minister Nirmala Sitharaman said on Tuesday

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Finance Minister Nirmala Sitharaman and her team at North Block
Press Trust of India New Delhi
1 min read Last Updated : Feb 01 2022 | 12:03 PM IST

Scheduled commercial banks will set up 75 digital banks in 75 districts to encourage digital payments, Finance Minister Nirmala Sitharaman said on Tuesday.

Presenting the Union Budget 2022-23, she also said e-passports with the embedded chip will be rolled out.

Further, the finance minister said data exchange among all-mode operators will be brought on a unified logistics interface platform to enable efficient movement of goods.

A high-level panel to be set up for urban planning, Sitharaman said, adding the next phase of ease of doing business and ease of living will be launched.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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Topics :Nirmala SitharamanBudget 2022

First Published: Feb 01 2022 | 12:03 PM IST

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