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.
Google has removed over 2,000 loan apps from India Play Store since January this year for violating terms, misrepresenting information, and questionable offline behaviour.
Called ‘Canara ai1 – The Banking Super App’, the app has over 250 features consisting of the banking needs of its customers.
SBI customers can now avail certain banking services from the lender using WhatsApp, which may come in handy for many as they will not have to download it or go to the ATM anymore.
Online payment gateways Razorpay, Stripe and Pine Labs have received approval from the RBI for a payment aggregator (PA) licence.
RBI imposes penalty of over Rs 1.67 crore on Ola Financial Services for non-compliance with certain provisions related to pre-paid payment instruments and KYC norms.
Describing cryptocurrencies as “clear danger”, RBI Governor Shaktikanta Das said anything that derives value based on make believe, without any underlying, is just speculation under a sophisticated name.
