State Bank of India has collaborated with Tata Power Solar Systems Ltd. To launch a dedicated centralized processing cell named 'Surya Shakti Cell' to strengthen the existing financing arrangement for solar power projects.
Reserve Bank of India has mandated NBFC - Middle and Upper Layers with 10 or more 'Fixed point service delivery units' (as on October 1, 2022) to implement 'Core Financial Services Solution (CFSS)' latest by September 30, 2025.
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