Commercial banks planned to set up 75 digital banks in 75 districts: FM

Planned commercial banks will set up 75 digital banks in 75 districts to encourage digital payments, Finance Minister Nirmala Sitharaman said on Tuesday.

Presenting the Union budget 2022-23, she also said that electronic passports with embedded chip would be rolled out.

In addition, the Minister of Finance said that data exchange between all-mode operators will be brought on a unified logistics interface platform to enable efficient movement of goods.

A high-level panel will be set up for city planning, Sitharaman said, adding that the next phase of ease of doing business and ease of living will be launched.

(Only the title and image of this report may have been edited by Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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