Finance Ministry PSBs

Out of 53.9 crore Pradhan Mantri Jan-Dhan Yojana accounts, 11.2 crore are inoperative and 10.5 crore accounts are pending for re-KYC

The rising volumes of UPI transactions and related frauds have emerged as a major challenge for the banks

Directive comes after the recent merger of HDFC Ltd with HDFC Bank

Banks should study the possibility for mergers and acquisitions: FinMin