With UPI, sending money via SMS becomes a reality
With the launch of Unified Payments Interface (UPI), touted as next generation technology in the money transfer domain, sending money…
13 APR 2016
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RBI slashes key rates, raises hopes of cheaper loans
Raising hopes that home and car loans could be cheaper sooner than expected, the Reserve Bank of India has cut…
05 APR 2016
18 more new banks next year, says RBI Governor Rajan
As many as 18 more new banks will open in the country next year in the form of payments banks…
04 APR 2016
Digital payments giving huge boost to economies: Study
Migration to electronic payments has added US $6bn (approximately Rs 40,000 crore) to India’s GDP and created 1.4 million additional…
15 MAR 2016
Capital Local Area Bank to be India’s first small area finance bank
Jalandhar-based Capital Local Area Bank (CLAB) is set to become India’s first small area finance bank (SFB) by commencing its operations…
08 MAR 2016
Go mBanking for last-mile connect, RBI panel advises banks
Banks should move beyond the traditional business model and opt for mobile banking to achieve last-mile connectivity for service delivery…
29 DEC 2015
RBI tells banks to enable mBanking at ATMs by March 31
The Reserve Bank of India has asked the banks participating in the National Financial Switch (NFS) to enable customer registration…
21 DEC 2015
RBI advises caution in meger of commercial banks
RBI supports mergers among commercial lenders but they have to be focused and strategic, RBI Deputy Governor S S Mundra…
14 DEC 2015
Moving Towards CASHLESS ECONOMY:Rajesh Aggarwal
When we talk about payments, we have to talk about a lot of currency floating around and lesser digital and…
10 DEC 2015
Cashless transactions exceed paper-based transactions
India’s journey towards becoming a cashless economy seems smooth, at least going by the figures released by RBI on virtual…
08 DEC 2015
