Online banking to kill physical banks in 5-6 years: Amitabh Kant
Low cost Internet based transactions and business efficiency due to technology advancements are expected to kill physical banks in next 5-6 years, NITI Aayog CEO Amitabh Kant said on Thursday.
Jun 08, 2017, 23:26 PM IST
Soon, send or receive money using your 14-digit Aadhaar number
Very soon, one would be able to transact - send and receive money - only on the basis of the Aadhaar number irrespective of the fact whether it is linked to a bank account or not.
Feb 21, 2017, 11:09 AM IST
RBI issues operational guidelines for Payment, Small Finance Banks
The RBI released on Thursday its operating guidelines for Payment Banks and Small Finance Banks, noting the prudential regulatory framework for the entities under the two categories will largely be drawn from the Basel standards.
Oct 06, 2016, 19:33 PM IST
Post offices to be converted into payment banks
Post offices across the country will be converted into "payment banks", Prime Minister Narendra Modi said on Monday.
Aug 15, 2016, 09:02 AM IST
Paytm Payments Bank looking at a pre-Diwali take-off
Digital payment platform Paytm is readying a budget of Rs 350-500 crore to roll out its payments bank and eyeing an October launch before Diwali this year, a top executive said.
Jul 10, 2016, 09:58 AM IST
Banking Simplified : Unified Payment Interface
The Indian banking sector has seen unprecedented growth along with remarkable improvement in its quality of assets and efficiency.
Apr 14, 2016, 14:15 PM IST
Airtel M-commerce arm gets payment bank licence from RBI
Bharti Airtel on Monday said that its mobile commerce subsidiary, Airtel M Commerce Services, has received payments bank licence from the Reserve Bank of India
Apr 11, 2016, 18:21 PM IST
Insurance Companies Planning To Tie Up With Payment Banks To Increase Insurance Penetration
To increase Insurance penetration in India Insurance companies are eyeing to tie up with RBI authorised payment banks.
Nov 25, 2015, 18:28 PM IST
Payment banks unlikely to eat into large lenders' biz: Crisil
Ratings agency Crisil on Friday said the upcoming payment banks (PBs) will largely focus on the underbanked areas like the East, Northeast and Central regions, and the existing lenders should not worry about them.
Aug 21, 2015, 21:29 PM IST
Payments banks to change banking habits of Indians: Jaitley
RBI has given nod to 11 entities to launch such niche banks within next 18 months.
Aug 21, 2015, 14:46 PM IST
What is Payment Bank and how does it work
Here is what you need to know about the functions of payment bank and what are the benefits you can avail from it.
Aug 20, 2015, 09:38 AM IST
RBI gives nod to 11 including RIL, Airtel and Vodafone for payments bank
Payments bank licence will allow companies to collect deposits (initially up to Rs 1 lakh per individual), offer Internet banking, facilitate money transfers and sell insurance and mutual funds.
Aug 19, 2015, 18:25 PM IST
Licences of small, payments banks in a few months: RBI
The Reserve Bank is in the middle of processing over 100 applications for small finance banks and payments banks and may issue licences in a few months, a top central bank official said.
Apr 20, 2015, 19:45 PM IST
'Telecom firms ideal candidates to set up payment banks'
Crisil Research said that in five years, payment banks would account for a minuscule 0.5 percent of the low-cost CASA deposit base of the industry.
Nov 28, 2014, 21:51 PM IST
Telenor keen on setting up 'Payments Banks' in India
Norwegian telecom major Telenor on Friday said that it is evaluating 'Payment Banks' business opportunity in the country.
Oct 10, 2014, 19:16 PM IST
RBI issues draft norms for small banks, payment banks
A week after Budget announcement, the Reserve Bank on Thursday issued draft guidelines for setting up of 'local feel' small banks, which will disburse small-ticket loans to farmers and businesses.
Jul 17, 2014, 19:06 PM IST
RBI issues draft guidelines for setting up small, payment banks
The RBI also proposed Rs 100 crore as minimum capital required for setting up small bank and payment bank.
Jul 17, 2014, 18:12 PM IST
India to come out with payment bank shortly: RBI deputy
The Reserve Bank of India will come out with a payment bank soon, Deputy Governor H. R. Khan said on Thursday.
Jun 12, 2014, 10:37 AM IST
