Does the electronic banking provide same level of comfort and convenience? For ensuring safety and security, banks and RBI have taken several initiatives such as additional factor of authentication, OTPs, multilayer passwords, etc. Have we given a thought about the inconvenience caused to customers when OTPs are not delivered on time, payment pages expire while prompting PIN/OTP, keying in multilayered passwords, etc.
At the end of June 1997, the Bank held an amount of $ billion in reserves, which was still relatively low (sufficient cover for 7 weeks’ imports), but nevertheless much better than four years ago. The balance of payments developments merely reflected the changes in total gross domestic economic activity.