Banking in India

The bank will use blockchain technology to solve a key issue in traditional banking: the processing of Letters of Credit (LCs), GST invoices, and e-way bills. Banks in India are collaborating to use blockchain technology to solve a…

All Co-Operative Banks In India Will Come Under RBI 'Supervision'; Is This Regulation? The Lok Sabha passed an amendment to the Banking Regulation Act to bring cooperative banks under the supervision of the RBI on Wednesday, in a bid to…

SBI, in collaboration with Ezetap has announced the launch of ‘Chota ATM’, which can literally transform the mechanism of payments and ATM withdrawals all over the country. ‘Chota ATM’, which translates of ‘Little ATM’, enables kirana…

Social media presence of Indian banks is slowly but gradually improving. In the month of May, we had presented a research on present state of social media rankings of Indian banks, wherein ICICI bank was the clear winner. The rankings…

India’s largest banking and financial services company: State Bank of India has embraced digital in a big way. They have conceptualized ‘SBI Intouch’ banking paradigm, which has been described as the ‘next generation banking initiative’.…

Whether Indian banks have adapted themselves to the social media tone? Do they respond to their follower’s tweets and post creative content on their timelines? Are they popular with their users and understand their social media needs?…

Current RBI Governor Dr. Raghuram Rajan thinks unconventional and totally out of the box. This was yet again demonstrated as the RBI issued two initiatives which will certainly bring cheers from the ‘aam junta’. Initiative 1: Minors…

Banking, Financial Services and Insurance (BFSI) sector, which is currently valued at $1.31 trillion is all set to create huge opportunities in India; and some financial experts are claiming that this sector will create around 20 lakh jobs…

ATMs are popular, very popular and the reason is obviously that it makes it super easy for any individual to withdraw cash any time they want. But the main reason is also because ATM transactions are free! But looks like very soon you…

Raghu: “Today is just not a good day for me” said Raghu in an angry tone. Which caught Nitin’s attention from away from his computer? Nitin: “What happened Raghu, never seen you so stressed.” Raghu: “Dude I just went to the ATM and…