Here we provide Current Affairs articles on Bank & Indian Banking system. We collect and compose latest articles related to bank and finance system.
City Union Bank Ltd. announced the launch of “On the Go Payment Solution through Debit card in a Fitness Watch.” The wristwatch will be mapped to the operative account of the customer. CUB EASY PAY is a payment method by City Union Bank. Now the bank has integrated this feature of Debit Card in a Fitness […]
City Union Bank launches CUB Easy Pay integrated Debit Card in a Fitness Watch Read More »
Paytm Payments Bank Ltd (PPBL) became the largest and fastest-growing UPI beneficiary bank in India. It becomes the first beneficiary bank in the country to achieve the landmark of over 926 million UPI transactions in a single month. Beneficiary banks are the banks of the account holder who is receiving money. Paytm Payments Bank has also gained rapid traction as
Paytm Payments Bank became most preferred UPI beneficiary bank in India Read More »
SBI invests $20 mn in payment solutions provider Pine Labs: India’s largest lender, the State Bank of India has invested $20 million (Rs 150 crore) in Pine Labs Pvt Ltd. Pine Labs has planned to invest the new funds in scaling Plural, its newly launched brand of online payment products. This will allow the company to offer payment
State Bank of India invests USD20 million in payment solutions provider Pine Labs Read More »
The Reserve Bank of India (RBI) has included Airtel Payment Bank in the ‘Second Schedule to the Reserve Bank of India Act, 1934’ on January 04, 2022. Airtel has announced that it’s Airtel Payments Bank has been categorised as Scheduled Bank by the Reserve Bank of India. The Airtel Payments Bank can now bid for government-issued Requests
RBI Gives Scheduled Bank Status to Airtel Payments Bank Read More »
The Reserve Bank of India (RBI) on Tuesday said state-owned SBI, along with private sector lenders ICICI Bank and HDFC Bank continue to be domestic systemically important banks (D-SIBs) or institutions which are ‘too big to fail’. These three banks have continued to be on the D-SIBs list published by RBI, since Sep 04, 2017. Domestic Systemically Important Banks are those banks which
RBI Retains SBI, ICICI Bank, HDFC Bank as Domestic Systemically Important Banks (D-SIBs) Read More »
SBI Cards and Payment Services have partnered with Paytm for card tokenisation to protect the data of cardholders. SBI Card will enable cardholders to tokenise their cards on devices and make payments through Paytm Tokenisation refers to masking the original card number by replacing it with a set of unique characters known as token. Token
SBI Card joins hand with Paytm for card tokenisation Read More »
IndusInd Bank has announced the launch of ‘Green Fixed Deposits’ where the deposit proceeds will be used to finance projects and firms supporting the United Nations Sustainable Development Goals (SDGs). IndusInd Bank is amongst few banks globally, to bring forth this proposition, thereby integrating SDG into a regular fixed deposit product. . These deposits will
HDFC Bank’s efforts in furthering financial inclusion through partnership with the Government of India’s Common Service Centres (CSC) have been adjudged ‘Most Innovative Best Practice’ for financial inclusion at the coveted CII Digital Transformation Award 2021 or CII DX Award 2021. HDFC Bank focuses on financial inclusion by offering an entire bouquet of its world-class
HDFC Bank won CII Dx award for ‘Most Innovative Best Practice’ 2021 Read More »
PNB has entered into a co-lending arrangement with Lendingkart Finance Ltd. This partnership is part of its efforts to improve the flow of credit to the unserved and underserved sector of the economy. This arrangement will focus on digital underwriting and cashflow based lending. The ultimate beneficiaries would be MSME borrowers who will get the funds at an affordable rate
PNB enters into co-lending arrangement with Lendingkart Read More »
Paytm Payments Bank has partnered with MoneyGram, a peer-to-peer remittance company to enable international fund transfer directly to Paytm Wallet. With this partnership, MoneyGram users abroad can now transfer money to any full KYC-compliant Paytm Wallet. This is MoneyGram’s first mobile wallet partnership in India. MoneyGram transactions received digitally in India currently represent about 50% of all transactions received in the
Paytm Payments Bank tie-up with MoneyGram to enable international fund transfer Read More »
