Banks

Anticipating a rush to swap ₹2,000 currency notes for smaller denominations on Tuesday, banks will have dedicated counters, people to manage queues and enough inventory of lower denomination banknotes, officials said on Monday. The…
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The Indian government is allowing banks to verify individual transactions that exceed a certain annual limit using facial recognition and an iris scan in some cases, in a bid to reduce fraud and tax evasion, three sources told Reuters. A…
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