'To make settlement simpler': RBI to simplify claims process for deceased customers' nominees; banks launch re-KYC drive for Jan Dhan accounts

RBI Governor announced measures to simplify claim settlements for deceased customers' accounts and lockers, alongside a re-KYC drive for PMJDY accounts via panchayat-level camps. The Retail Direct platform will now offer SIPs in treasury bills. Bank credit growth slowed to 12.1% in FY25, but total financial resource flow to the commercial sector increased.

from Latest Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/R1PaskJ