MobiKwik

Industry First: MobiKwik opens 3 million merchant base to UPI

One of India’s leading digital payments brands MobiKwik has launched its Unified Payments Interface (UPI) via its own VPA (Virtual payment address) handle @ikwik. This is...

E-way bill expected to usher in positive change

Numerous technical glitches held Centre back from implementing the e-way bill system as part of the new Goods and Services Tax (GST) last July....

Banks credit in personal loans too high than degrowth in infra...

While Indian banks are able to deploy credit over-enthusiastically in retail finance like personal loans, credit card overdrafts, vehicle loans, the key infrastructure sectors...
Piyush Goyal

Government seeks revival plans from 11 PSBs by Friday

The Government has asked 11 public sector banks (PSBs) under the Reserve Bank of India’s prompt corrective action (PCA) framework to submit revival plans...
blockchain

Akamai partners MUFG to unveil blockchain-based payment network

Leading cloud delivery platform Akamai Technologies have joined hands with top financial group MUFG to launch a new blockchain-based online payment network. This platform is...
Paytm Payments Bank

Paytm partners UNDP, launches schemes to empower rural women 

In a bid to empower the women living in India’s smaller towns and cities, Paytm Payments Bank has launched an initiative in association with...
State Bank of India

Top SBI executives may replace PSU Banks chiefs: Official Sources

Aimed at sending a strong message to banks found involved in thousands of crores of fraud, the Finance Ministry is mulling over a proposal...
State Bank of India

SBI reports Rs 7,718 crore loss in Q4

State Bank of India (SBI), the country’s largest lender today posted a standalone net loss of Rs 7,718.17 crore in the fourth quarter (January-March)...
Allahabad Bank

Banks Board Bureau to shortlist Allahabad Bank CEO, MD

Union Ministry of Finance has directed Banks Board Bureau (BBB) to shortlist candidates for the post of Chief Executive Officer and Managing Director for...
Economy Growth

India 6th wealthiest country, says report

India is the sixth wealthiest country in the world with a total wealth of $8,230 billion, according to the latest findings by the AfrAsia...

Aadhaar helped eradicate 99 lakh fake beneficiaries in Maharashtra

Aadhaar has helped in replacing 99 lakh bogus beneficiaries from Public Distribution System (PDS) with the help of Aadhaar-enabled PDS (AePDS), claimed Government of...
State Bank of India

SBI’s Home Loans for NRIs: Eligibility, tenure and Key points

Sensing a sizeable market in Indian diaspora living and working overseas now, the State Bank of India (SBI), India's largest lender now also offers...
IDBI BANK

IDBI Bank gets two independent directors on its board

Following the resignation of two board members last week, public lender IDBI Bank has announced the appointment of two new independent directors. On May 19,...
PayMate

PayMate acquires digital lending platform Zaitech

PayMate, a start-up functioning in the business-to-business (B2B) payments space, has acquired digital lending platform Zaitech Technology, signalling its interest in the fintech sector.  “Technology...
GST

GST Council asks for expediting setting up appellate authorities

The GST Council has urged the Central Government and various States to expedite setting up appellate authorities in the light of the delay in their...
NPA

Centre expects banks to write back over Rs 1 lakh cr...

Union Ministry of Finance is expecting the banks to get back over Rs 1 lakh crore with the resolution of 12 major cases pertaining...
Life Insurance

Do not make these mistakes while buying a Life Insurance Policy

Life insurance – A protection and security cover for the loved ones of the insured. What do you understand by a life insurance? Some people...

Technology Innovations Need of the Hour for NBFCs

Today , the regulations have become stricter. The cost of borrowing has increased and NBFCs are making their hay by focusing on niche markets....
Infosys

Infosys joins hands with 7 banks for blockchain-based solution

To prevent possibilities of bank frauds, and optimising efficiency in services’ delivery, Infosys recently formed a blockchain –based trade finance network in partnership with...
Paypal

PayPal acquires payments startup iZettle for $2.2 bn

PayPal is planning to buy Swedish online commerce startup iZettle in a deal worth $2.2 billion. US-based brand PayPal, a unit of eBay, revealed that...