Remittance service start-ups choking forex inflow!
Remittances from the Indians staying abroad have been the country’s traditional source of enriching the foreign currency reserves, with the…
03 NOV 2015
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Banks’ IT spend to go up 9.8% to Rs49.9k-cr in 2015
Indian Banking and securities companies are turning more technology-savvy as they are likely to increase focus in buying IT services,…
02 NOV 2015
NPCI to receive funds from foreign, private banks
The National Payments Corporation of India is all set to receive funding from a host of foreign and private banks…
02 NOV 2015
Oxigen seeks to raise Rs 1,300cr for new online entity
Oxigen Services, the payments solutions provider, is planning to break away from its online business that runs Oxigen wallet into…
02 NOV 2015
RBI advocates robust bankruptcy system
At this stage of development, banks will continue to remain central to the financial system, and the corporate bond market…
28 OCT 2015
Yes Bank becomes first bank to operate in GIFT City
Yes Bank has announced that it has started operations at the Gujarat International Finance Tec City (GIFT) from its IFSC…
27 OCT 2015
Govt plans rural financial literacy through postmen
The government has come up with a novel idea to utilise the services of traditional postmen to inform people and…
26 OCT 2015
Kerala’s coop society-run IT firm heads for US, Europe markets
Kerala-based Uralungal Labour Contract Co-Operative Society (ULCCS) is all set to export its IT solutions to Europe and US through…
26 OCT 2015
RBI Governor stresses on use of technology to cut costs
In an award function organised by the Institute for Development and Research in Banking Technologies, RBI Governor Raghuram Rajan emphasised…
24 OCT 2015
RBI calls application for bill payment service operators
The Reserve Bank of India has invited applications from entities engaged in bill payments and desirous to operate as Bharat…
21 OCT 2015
