UPI LITE: Unified Payments Interface (UPI) LITE, supported by National Payments Corporation of India (NPCI) for numerous small-value UPI transactions, has been introduced by Paytm Payments Banks Limited (PPBL). This feature will help with faster real-time transactions with a single click through ...

ICICI Bank signs pact with BNP Paribas: To meet the banking needs of European businesses doing business in India and Indian businesses doing business in the European Union, ICICI Bank and BNP Paribas have signed an initial agreement. The Memorandum of Understanding (MoU) between the two entities ...

Kotak Buys Sonata Fin For ₹537cr: Kotak Mahindra Bank (KMB) has entered into binding share purchase agreement(s) to acquire 100 per cent of equity shares of Sonata Finance Pvt Ltd (SFPL), a Non-Banking Finance Company – Micro Finance Institution (NBFC-MFI), from existing shareholders for a cash ...

RBI’s financial literacy week 2023: The RBI's "Financial Literacy Week" began on February 13 and runs through February 17, 2023. Since 2016, the Reserve Bank of India (RBI) has held this event annually to spread information on financial education to the general people throughout the country. Last ...

Ujjivan Small Finance Bank launches Hello Ujjivan- India’s first voice, visual, vernacular banking app: Ujjivan Small Finance Bank launched Hello Ujjivan, India’s first mobile banking application with 3 V’s – voice, visual, and vernacular-enabled features – to provide banking access to individuals ...

RBI announces pilot for QR code-based Coin Vending Machine: The governor of the RBI, Shaktikanta Das, indicated that a pilot programme to introduce coin-operated vending machines that employ QR codes will start soon. In response to the outcome of the monetary policy for the year 2023, the Central ...

RBI expands scope of TReDS platform to allow insurance facility, secondary market ops & to improve cashflow of MSMEs: RBI expands scope of TReDS platform to allow insurance facility, secondary market ops & to improve cashflow of MSMEs. The guidelines on Trade Receivables Discounting System ...

PhonePe becomes first Indian fintech to allow UPI payments abroad: PhonePe has launched a service that will allow the fintech firm’s Indian users traveling abroad to pay foreign merchants using Unified Payments Interface (UPI). UPI international' support merchant outlets in UAE, Singapore, ...

Airtel Payments Bank launched BizKhata for Small Businesses & Merchant: Airtel Payments Bank today announced the launch of its current account – BizKhata, which comes with unlimited transactions* and instant activation for small merchants and business partners across the country. February ...

RBI: Number of micro ATMs increases in 2022- According to data, released by the RBI, as of December 2022, the total number of micro ATMs across the country has reached 14.19 lakh. But, there has been no significant surge in the value of money withdrawn through these devices since June ...