RBI Governor to meet heads of payments banks later this week
As many as seven payments banks have commenced their operations.
Mar 25, 2019, 12:22 PM IST
All 1.55 lakh post offices to offer payments bank service
Payments banks can accept deposits of up to Rs 1 lakh per account from individuals and small businesses.
Sep 14, 2017, 19:06 PM IST
Paytm to start payments bank operations from today
The company will transfer its wallet business, which has over 218 million mobile wallet users, to the newly incorporated entity —— PPBL —— under the payments bank licence awarded to a resident Indian, Vijay Shekhar Sharma, the founder of One97 Communications that owns Paytm.
May 23, 2017, 09:13 AM IST
Airtel Payments Bank to sell insurance, MF products
Airtel Payments Bank (APB) is planning to sell third party financial products to boost its revenue from other income category, an official said.
Feb 23, 2017, 17:44 PM IST
Payments banks can pose challenge to traditional banks due to lower cost: FM Jaitley
Jaitley said that about 650 India Post Payments Bank branches will be opened by September this year and that will have a multiplier impact as far as banking in India is concerned.
Jan 30, 2017, 18:18 PM IST
Paytm goes live with PoS service; rules out interest rate war with payments bank
Online payments company Paytm has gone live with its point-of-sale (PoS) offering again, Founder and Chief Executive Vijay Shekhar Sharma on Saturday said, two days after taking the service off due to security concerns.
Nov 26, 2016, 18:27 PM IST
RBI issues guidelines for Payment, Small Finance Banks
Share Bazar, Mandi Live, Aap Ka Bazar, First Trade, Big Debate etc.
Oct 06, 2016, 23:01 PM IST
Ratan Tata, Nandan Nilekani to set up microfinance firm Avanti Finance
Ratan Tata, Nandan Nilekani and Vijay Kelkar have come together to set up a technology-enabled microfinance entity, Avanti Finance, which will focus on delivering affordable and timely credit to under-served and un-served segments in India.
Aug 29, 2016, 19:21 PM IST
India Post Payments Bank incorporated, to start ops in 2017
India Post Payments Bank has come into existence after it received certificate of incorporation from the Registrar of Companies, setting the stage for the new bank to begin operations in 2017.
Aug 18, 2016, 18:07 PM IST
Payments banks no threat to current banking giants: Report
Payments banks have a very limited scope of services to offer customers and will particularly not have access to sticky low cost deposits which the traditional banks have along with capacity to lend.
Nov 29, 2015, 12:35 PM IST
Government to register postal bank by year end
The government is likely to register the postal bank by the end of the year while a pilot for payment services will be launched around January 2017.
Oct 02, 2015, 18:15 PM IST
Infosys launches solutions for small finance, payments banks
The two products -- Finacle Payments Bank and Finacle Small Finance Bank solutions -- are part of EdgeVerve Systems, the product subsidiary of Infosys, the country's second largest software services firm.
Sep 02, 2015, 16:00 PM IST
Payments banks Rs 14 lakh cr bonanza for infra sector
Payments banks can annually free up a whopping Rs 14 trillion in incremental credit for the fund-starved infrastructure sector, says a SBI Research report.
Aug 30, 2015, 11:38 AM IST
Payments banks could make banking sector be a 'dog-eat-dog' market: SBI chief
State Bank of India (SBI) chief Arundhati Bhattacharya Monday again expressed fears over the entry of payments banks, saying they are agile and have an edge as they are not bound by industry-level wage agreements which can lead to 'a dog-eat-dog's world'.
Aug 24, 2015, 22:50 PM IST
SBI developing low-cost model to counter payments banks
Country's largest commercial banking entity State Bank of India (SBI) is now developing a low-cost model to compete with payments banks.
Aug 21, 2015, 23:18 PM IST
Payments bank licence to leverage telecom, retail biz: RIL
RIL on Friday said the payments bank licence will "leverage" its telecom business Reliance Jio's pan-India network and retail arm's model, even as its tie-up with SBI will help create the most extensive distribution network in India.
Aug 21, 2015, 19:30 PM IST
Payments banks may ring in better days for insurers, MFs
Insurers and fund houses see payments banks (PBs) as a boon for the sector as opportunities of cross-sell would help deepen their reach in rural areas.
Aug 20, 2015, 23:41 PM IST
Payments banks to strengthen financial ecosystem: Kochhar
With RBI announcing 11 licences for payments banks, top private sector lender ICICI Bank on Thursday said the entry of these new entities would strengthen the overall financial ecosystem and also benefit existing banks.
Aug 20, 2015, 16:10 PM IST
Payments banks pose risk to public lenders market share: Fitch
The proposed Payments Banks will increase competition for the public sector lenders and could also pose risks to their market share over the long-term, Fitch Ratings said Thursday.
Aug 20, 2015, 12:23 PM IST
India Post says open to partnerships for payments bank
Having secured RBI's nod to set up a payments bank, the Department of Posts has said it is open for partnership in this new venture and is in talks with some telecom companies.
Aug 20, 2015, 12:16 PM IST
