LATEST ARTICLES

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 India’s first of its kind initiative where an industry 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. However, it soon became evident that not only would the...

Banks credit in personal loans too high than degrowth in infra sectors: Assocham

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 such as -- telecom, power and roads -- continue to...
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 by Friday. Some banks recently told the Finance Ministry that they require...
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 set to enable next-generation payment transaction scale and responsiveness. Blockchain...
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 United Nations Development Programme (UNDP). Named as Paytm AshaKiran, this initiative...
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 to reshuffle the top officials at large state-run banks such...
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) of the fiscal year 2017-18. The loss may be attributed to...
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 public lender Allahabad Bank. The above mentioned positions are lying vacant...
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 Bank Global Wealth Migration Review. According to the report, the US...