In their feedback submitted through the Indian Banks' Association (IBA), banks have sought an extension beyond the proposed two-year timeframe.
According to sources, some banks have sought a relaxation of up to five years to fully comply with the regulations.
Bankers have expressed concerns that the two-year timeline for complying with the new guidelines is insufficient," a senior bank official said. "Each bank has submitted individual assessments to the IBA, outlining the challenges it faces in meeting this deadline," he added.
Denne historien er fra December 23, 2024-utgaven av Financial Express Hyderabad.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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Denne historien er fra December 23, 2024-utgaven av Financial Express Hyderabad.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
Will take back control of Panama canal, says Trump
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Musk's Trump trade makes Tesla a winner with $570-billion rally
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It's slow going at Indiamart
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Israeli strikes kill 17 Palestinians in Gaza
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Scott Boland & the 'stolen generation'
ONLY IN HIS mid-20s, did the 35-year-old Scott Boland, Australia's fast bowler set to play in the fourth Test against India, realise his aboriginal origins.
ISRO to study how crops grow in space on PSLV-C60 mission
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'If it is business as usual, Viksit Bharat by 2047 will not happen'
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26 members enter startup billionaire club in 2024
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Smartphone exports set to top ₹1.70 L cr
THE SMARTPHONE INDUSTRY added exports worth ₹2.87 lakh crore during this period.
Broker strength falls 40% on compliance burdens
Chordia termed the arrangement a win-win, adding that \"clients continue to get services from the same person as before while getting access to superior technology platforms and products\".
