Three or four accounts are enough for one family. Having more increases paperwork and can be misused as well.
The government plans to transfer all subsidies including food, fertiliser and kerosene, potentially taking direct payments to more than $60 billion.
2014 sees slowest start to festival season in at least 7 years
Bankers say loan demand was more muted this festival season than last year.
Banks cut interest rates, processing fees; offer discounts for online shoppers.
Car sales dipped by 2.55 per cent in October, as the festival season demand for auto remained in slow lane.
Their net NPA as a proportion of net advances were 2.2 per cent, compared with 1.7 per during the same period a year earlier.
The government has given sanction for prosecution against PNB executive director Sanjiv Sharan as part of the clean up exercise in the system.
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