Inflation Bonds from RBI

The Reserve Bank of home and auto loans expensive way to even be opened , but to protect small investors from inflation and customers have started to provide other options . Ten -year-old , who rescued the people from the central bank's inflation savings certificates has announced to launch soon . The savings bonds will provide people the option to invest in gold .

Fixed interest rate of these certificates will be included in the rate of inflation . Get interest on quarterly basis , but will be paid at the time of maturity together . These certificates will be sold by banks to investors .
Finance Minister P Chidambaram bring such savings bonds was announced in the Budget for the current financial year .

New Facilities For Bank customers

Expansion of service to clients from banks , the Reserve Bank has announced several new measures . The central bank decided to increase access to banking facilities in villages where there are no bank branches now . With the RBI through online banking and card payments and has also taken steps to secure .

Raghuram Rajan said the governor 's monetary policy review that identified four lakh 90 thousand villages , where there are ferried their services to banks by 2016 . These villages with a population of less than two thousand individually divided between banks . Also those who do not have a bank account , via the prepaid payment card system has been introduced to facilitate a pilot project . Well , first built Rajan Damodaran Committee report on improving customer services in their review did not mention .

Mobile Banking Committee

Reserve Bank wants to launch SMS -based funds transfer system . RBI measures to explore its options and has formed a technical committee . The expansion of mobile banking in the country under the program committee of every kind likely to facilitate funds transfers through handset . The Committee will submit its report by December 2013 .
Bill Payment System
Bank customers' insurance premiums , electricity and water bills , taxes, etc. , to pay university fees for the bank is exploring the possibility of electronic bill payment system . The representation for a group of banks has also been constituted . The group will submit its report by the end of this year .
Credit Card Risk
RBI for all banks by June 2013 , was asked to build secure systems . In this system, the Reserve Bank 's review found few technical foul . These are the instructions to fix .

Tata Group left banking business plans

Tata Group plans to enter the
banking business left. Hence, the group's holding company Tata Sons has withdrawn its application for a bank license . The company says that its domestic and international financial services group in the present model is able to meet the needs of business .
Reserve Bank of India ( RBI) Tata Sons is allowed to withdraw the application . The company July , 2013 had applied for new banking licenses . The Anil Dhirubhai Ambani Group ( ADAG ) are among the Aditya Birla Group . Venugopal Dhoot -led Videocon group has already announced to withdraw its application .
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According to RBI, Tata Sons , said that the current system of financial services catering to the needs of the group . Tata Sons reported on Tuesday to withdraw the license application was submitted to the Reserve Bank . The company says it thorough discussion banking license since decided to withdraw from the race . Earlier this month, Finance Minister P. Chidambaram had hoped that RBI January 2014 for new banking licenses will sort the names of the companies .