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Digital Banking Taking Center Stage, Physical Banking May Soon Be History [Big Banking Trends of…
Banking is facing Uber movement. The number of branches and people employed in the financial services sector may decline by as much as 50% over the next 10 years, and even in a less harsh scenario they will decline by at least 20%, Says…
RBI Approves Payment Bank Licenses To Airtel, RIL, Vijay Shekhar Sharma, Vodafone, India Post and 6…
The Reserve Bank of India has given in-principle nod to eleven entities – the first lot since it came out with guidelines for the same last year. Here are the 11 entities that have been granted payment bank licenses.
Aditya Birla…
With 190M Debit Cards in use, RuPay Stands Neck to Neck With Behemoths MasterCard and Visa
RuPay, the foster child of Jan Dhan Yojana that was inaugurated by President Pranab Mukherjee had Modi government’s attention right since its inception, taking India in the league of those countries that have their own payment gateways.…
ICICI Bank Smart Vault, India’s First Robotic Locker Combines ‘Make in India’ & ‘Digital India’…
ICICI Bank has launched India’s first locker facility powered by robotic technology. Christened as ‘Smart Vault’, this new service was formally inaugurated by Chanda Kochhar, Managing Director and CEO of ICICI Bank at their Defense…
SBI Launches New Mobile Wallet, State Bank Buddy
Mobile Wallets are everywhere – Every large financial Institution & Telecom Operators are foraying into this fast growing space. Now, India’s largest state owned bank State Bank of India is launching it’s own mobile wallet called…
Whoa! Now Open A Bank Account in Minutes Through Just a Mobile App!
Technology has made the world an easier place. From having cut down queues at various organisations, to bringing your fund transfers at your fingertips, it just doesn’t seem to stop. With a new app to open a bank account, the busy lives…
HDFC Bank’s Handheld Micro ATMs With Biometric Verification Can Change Rural Banking In India For…
In remote villages and deep hinterland of India, installing and maintaining an ATM machine is a huge challenge. But banking needs to be spread and rural population are demanding easier methods of withdrawing and depositing cash.
HDFC…
ICICI Bank’s All New iMobile App Now Offers Over Hundred Services
India is evidently leading the world in mobile phone growth, and this is being seen as a boon by the banking sector. The convenience of usage of this revolutionary form of banking has triggered shift in the user behavior. The mobile…
HDFC Online Banking Now offers Instant Paperless Personal Loans In Just 10 Secs
In an effort to bolster is GoDigital initiative, India’s second largest private sector bank, HDFC Bank has launched instant 10-second paperless loans for its existing customers.
“HDFC Bank will now disburse personal loans to its…
HDFC Bank Launches PayZapp, An All-In-One Payment & Money Transfer Mobile App
India’s leading private Bank, HDFC Bank today announced launch of PayZapp, an all-in-one mobile payment and money transfer app that promises to make any sort of payments in a single click.
The PayZapp app users can make variety of…
RBI Simplifies KYC Regulations For Banks; Utility Bills, Pension Receipt Now A Valid Address Proof
As per a 2013 survey, it was found that less than 50% of Indians have a bank account; although PM Modi’s Jan Dhan Yojana has resulted in inclusion of more than 2 crore rural Indians into the banking system, there is still a lot to be…
Banks Are Data Mining & Keeping Track Of Your Spending Habits
When Thomas Jefferson, one of the founding fathers of America, quoted, “I sincerely believe that banking establishments are more dangerous than standing armies”, all I could think was: why would anyone say that? Chances are he never…
MobiKwik, ICICI Bank Partner To Let Users Load Their Mobile Wallet Via Bank Cash Deposits
While mobile wallet usage has grown over last year, many shoppers still don’t use them for making transactions over the internet. People have different reasons for it, but for me the hassle of loading up my mobile wallet is the biggest…
70% Of The Mobile Banking Android Apps Are Vulnerable: Appvigil
Leaking private sensitive celebrity content sure drives the hackers, but not as much as hacking banking websites and now banking apps on android too!
Appvigil, a flagship of Wegilant, in their report have found that 70% of the Top…
Rs 11,022 Crore of Frauds Discovered In Public Sector Banks Between Apr-Dec 2014
Between April to December, 2014, public sector banks in India incurred losses to the tune of Rs 11,022 crore due to 2100 cases of fraud. These numbers were revealed in a report shared by Reserve Bank of India last week. In all the 26 PSU…
RBS Shuts Down Indian Banking Operations; 1000 Employees Face Axe
288 years old Royal Bank of Scotland, which is UK’s largest state-owned bank having operations across 38 countries, employing 141,000 employees has finally decided to shut down Indian banking operations due to consistent losses and…
HDFC Bank Offers Instant Multi-Bank Money Transfer Through Chillr App
HDFC Bank has officially launched a mobile based money transfer platform enabled by a third party app: Chillr, using which their customers can send money to any of their phonebook contacts instantly.
The best part about using this…
All Telco Majors Eyeing Indian Banking Sector: Ambanis, Mittals & Birlas Apply For Payment Bank…
A number of big business houses in India are looking forward to spreading their wings and branch out in the payment banking sector. After Bharti Airtel became the first one to announce its plans to do on Thursday, Aditya Birla Nuvo Ltd,…
ICICI Launches Twitter Banking Services. Allows Funds Transfer & More Through Twitter!
ICICI Bank, India’s largest private sector bank, today announced the launch of banking services on Twitter. Christened, ‘icicibankpay’, the first-of-its kind service in India enables ICICI Bank customers to transfer money to anyone in the…
HDFC Bank Enters Digital Wallet Arena. Wants To Dominate Digital Payments Market!
HDFC Bank has introduced their own digital wallet in India, which they have termed as “The future of mobile payments”. To make it easier for merchants to accept payments via digital wallet, HDFC has enabled Near Field Communication (NFC)…