Bank of Maharashtra has appointed Pradeep Kumar Srivastava as chief technology officer; he has spent over 28 years in the IT sector.
Indian fintech industry is estimated to generate revenue of $200 bn by 2030; could potentially contribute to 13% of global fintech industry revenue, RBI Governor Shaktikanta Das said.
Canara Bank customers will be able to scan merchant UPI QR codes using the app and make the payment through digital currency.
HDFC Bank has also activated an interoperable UPI QR code with the e-rupee platform.
Flipkart’s e-commerce platform, which has 450 million customers, will be distributing Axis Bank’s personal loans of up to Rs 5 lakh which can be repaid in up to three years.
The tie-up will help finance technological advancements in manufacturing and services sectors in line with the spirit of Atmanirbhar Bharat.
Canara Bank emerges winner among private and public sector banks in achieving targets set under digital payments for financial year; award given by Meity.
Bank of Maharashtra has adopted early bad loan recognition tools to strengthen its balance sheet even as it celebrated its 88th Business Commencement day at its headquarters in Pune.
Fintech unicorn BharatPe has received an in-principle approval from the RBI to operate as an online payment aggregator.
Government departments and RBI are taking coordinated steps to check Chinese mobile apps offering easy loans and cheating people, Finance Minister Nirmala Sitharaman said.
Canara Bank launches Electronic Bank Guarantee in partnership with National E-Governance Services.
FIRSTAP permits transactions by simply tapping the sticker on a point-of-sale terminal that supports Near Field Communication.
Punjab National Bank has made banking services available through WhatsApp to both its customers and non-customers.
IDFC First Bank has enabled a platform for buyers which will help them discover sellers in the ONDC network as it develops over time.
RBI gives banks and NBFCs time until 30 November to put mechanisms in place to ensure that existing digital loans comply with the new lending guidelines.
