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Top Banks in India | Indian Banking & Financial news
After Airtel & Paytm, India Post Payments Bank Coming Soon!
Airtel is the first company in India to launch its payments bank, and Paytm is soon going to as well. Third in the line, India Post has received the payments bank license from the Reserve Bank of India(RBI) to start its commercial…
Yes Bank Launches India’s 1st Customizable Saving A/C; Ties Up With T-Hub To Help Fintech Startups
Yes Bank, which is India’s 5th largest bank as per market capital, has launched India’s 1st customizable saving bank account. Designed for those banking customers who are stuck with traditional, and orthodox saving account format, this…
Daily ATM Withdrawal Limit Increased To Rs 10,000/Day; But Free ATM Withdrawals Can Be Limited To…
As per various estimates, more than 50% of the demonetized currencies have returned back to the system. This means that cash is not being hoarded anymore, and the markets are circulating currencies like before.
Signaling ease of…
Govt Wants PAN Card Details Of All Bank Account Holders By February 28th As Hunt For Black Money…
In one of the major crackdown on black money hoarders, Govt. of India has directed all banks to furnish PAN card details of all bank holders by February 28th, 2017.
Never before in the history of banking, such massive exercise has…
Petrol Pumps Declare War Against Banks; Strike Against Cashless Payments Put On Hold, But Situation…
This is indeed a scary situation out here, especially for millions of vehicle owners, who are ready to pay for petrol and diesel using their debit/credit cards; but it seems that the petrol pump owners won’t support card based payments…
Paytm Payments Bank Gets Final RBI Approval; Integrates UPI Into Their Wallet!
Paytm founder Vijay Shekhar Sharma personally announced the big news via blog post: Reserve Bank of India (RBI) has given its final approval for the launch of their much-awaited Payments Bank.
The news is indeed important, as Sharma…
ATM Fees, Debit Card Charges Make A Comeback – Has Govt Forgotten To Roll Back The Charges Or…
On the night of November 8th, when PM Modi announced demonetization and called for a national push towards a cashless economy, he also announced two very beneficial steps, which helped the citizens at large: No ATM fees on using ATMs…
UPI Would Be Now Available In Offline Mode, A Common App For All Bank Users; Dedicated Helpline For…
Paytm, a private company handles around 60-70 lakh transactions a day, while United Payment Interface (UPI), a path-breaking digital payment solution launched by Indian Govt. handles only 70,000 transactions a day.
This is certainly…
ICICI Bank Challenges Paytm’s Dominance With EazyPay – India’s 1st Merchant-Centric Cashless…
India’s largest bank: ICICI has just launched a unique mobile app called Eazypay, which can threaten Paytm’s dominance when it comes to merchant-centric cashless solution.
Described as India’s first such app, Eazypay allows the…
Vodafone Will Launch its Payments Bank by March 2017; Launches M-Pesa Pay App for Merchants
In August last year, RBI approved licenses for technology companies to open a payments bank. A payment bank can only accept deposits, not lend any money. This does have profitability issues, but a few companies went ahead with the idea.…
Airtel Payments Bank Opens 100,000+ Accounts in Just 2 Weeks
Payments Bank is a very new phenomenon in India – but that has not stopped hoards of Indians to open their bank accounts, even though we only have one operator running a pilot in just one state.
Two weeks back, Airtel Payments bank…
Paytm Clarifies on Payments Bank Charges, Chinese Connection & More…
Ever since Paytm announced the transfer of all Paytm wallet users to their new Payments Bank, there has been a strong under-current of whispers and gossips regarding their ‘Chinese connection’.
On a general level, people are aware…
Govt Convinces Visa, MasterCard, RuPay To Unite & Launch a Massive QR Code Based Payment…
By January, 2017, India will witness a massive financial collaboration never seen before. Three of the largest payment processing and payment card companies: Visa, MasterCard and RuPay will join their forces, and provide a unified…
Airtel Payments Bank Now Offers 1 Minute Talktime for Every Rupee Deposited in Bank!
RBI’s decision to grant Payment Bank licences to various business conglomerates and non-banking institutions may prove to be the one of the most pathbreaking decisions ever.
A decade earlier, which financial expert could have…
SBI Finally Launches UPI Powered SBI Pay App; Even Non-SBI Customers Can Register
State Bank of India, which is India’s largest bank having a customer base of 200 million and 5.2 million mobile banking customers, has finally launched their own UPI (Unified Payment Interface) based app: SBI Pay.
SBI has thus became…
Govt Waives off Service Charge Levied on Debit Cards to Push Cashless Transactions
Demonetization is taking a toll on the common man, and the worst affected is the labour class. However, for those that are able to afford digital wallets and cards are being favoured and encouraged to use these tools in transactions.…
Airtel Beats Paytm To Launch India’s First Payments Bank; Here Are Top 9 Features
Airtel has announced the pilot launch of their payments bank in Rajasthan, thereby beating Paytm in the race to launch India’s first such bank.
Thousands of Airtel outlets across Rajasthan has thus been converted into Airtel’s new…
Govt All Set To Install Micro-ATMs Across The Country For Quick Cash; More Rs 2000 Notes Coming In…
Lack of cash due to currency ban is hitting the common man hard; we can already see long queues outside bank branches, fighting breaking out among cash-strapped citizens, who are waiting for hours to get Rs 100 notes for their day to…
RBI Justifies Cap On ATM Withdrawals From Own Bank; Claims It Will Promote ‘Cashless Economy’
Most of the banking systems in developed and developing countries do not place any cap on ATM withdrawals - customers can withdraw money from ATMs as many times as they wish. But in India, banking rules are different.
Even if you are…
HDFC, ICICI Bank, Axis Bank, SBI & Yes Bank Worst Hit With Malware Attacks; 32 Lakh Cards…
The dots are slowly connecting, and what is emerging right now can be termed as India’s biggest breach of financial data ever. 32 lakh debit cards from HDFC, ICICI Bank, Axis Bank, SBI and Yes Bank have been compromised.
Most…