New Delhi: The proposed Central Bank Digital Currency (CBDC) to be issued by the Reserve Bank will play a critical role in improving the speed…
Five-six PSUs to get privatized soon: DIPAM
The government will invite financial bids for privatization of five to six public sector undertakings (PSUs) in December-January, and close these transactions in the current…
MoS Karad urges lenders to improve credit penetration in NE states
Karad has asked lenders to improve banking access points and also increase credit penetration in north-eastern states. Karad, who is on a week-long tour to…
By 2025, India would have contributed to a total of 270 million POS shipments worldwide
New Delhi: According to a new estimate, global point-of-sale device (POS) shipments are predicted to reach 270 million units by 2025, with a compound annual…
Federal Bank shows encouraging signs of an economic revival
Kerela: Federal Bank Ltd’s September quarter update showed encouraging signs of an economic revival after restrictions imposed to contain the pandemic’s second wave were eased.…
Digital payment solution eRUPI gets launched by PM of India in a virtual conference
On Monday 2nd August 2021, Prime Minister Narendra Modi launched the digital payment solution e-RUPI, a person and purpose-specific cashless digital payment solution, during a…
Charges to be paid by customers of SBI savings account for cash withdrawal beyond four free transactions per month
Indias largest Bank SBI declared charges of Rs 15 plus GST per cash withdrawal for transaction at bank branches, SBI ATM or from other bank’s…
Bank permitted to increase charges from 1st January 2022; RBI
New Delhi: Banks had been granted permission by the Reserve Bank of India (RBI) to increase the fees charged on cash withdrawal beyond the permitted…