India's central bank issues Net banking guidelines

INDIA - Only banks licensed in India and operating a domestic branch network will be allowed to offer Internet banking in the country, according to guidelines finalised last week by the Reserve Bank of India (RBI).

The guidelines are available on the central bank's website,

Banks will need the RBI's approval to offer internet banking services, which will be restricted to local currency products and to account holders only. The RBI said banks should also be connected to inter-ban

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