Recently, the term "BAANKNET" was seen in the news, it is related to:

1
Merger of the functioning of 28 Regional Rural Banks under one umbrella portal
2
Auctioning of Non-Performing Assets of PSU banks
3
E-Licensing of all Udyam-registered Micro Enterprises
4
Providing a one-stop platform for India’s bancassurance ecosystem by merging banking reach with insurance expertise

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