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Axis launches Aadhaar-based eKYC facility for rural banking

Last Updated: Wednesday, February 26, 2014, 18:54

The facility, which uses the Aadhar database, will enable a bank account to be opened within 24 hours as against the 7-15 days taken in villages at present, said a senior bank official.

Plan to open 10,000 bank branches a year from next fiscal: FM

Last Updated: Saturday, January 11, 2014, 22:41

As part of taking banking services to rural areas, the Centre has revised its target upwards to opening 10,000 new bank branches a year, according to Union Finance Minister P Chidambaram.