Trade between India and China is in a state of 'Payment imbalance'. What does this mean in real terms? (1) China imports less from India but India imports more from China. (2) China delays payments to exporters. (3) India wants payments in US Dollars but wants to pay in Yuan.
Banks are promoting 'Branch less Banking' which means? (1) Banks will not reduce number of branches. Number of branches will be restricted and will concentrate on specified core business. (2) Banks will launch/operate multiple delivery channels like ATMs, Mobile Banking/Internet Banking etc making visit to a branch unnecessary. (3) Banks will issue only debit or credit cards for daily financial transactions. Cheques/Cash payment will not be allowed.