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