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Large Public Sector Banks speed up digitisation in the post-merger new normal

For PSBs, the need for change has become even more relevant as mergers have broadened their scale and competition from tech-driven players only intensifies.Public...

‘RBI’s Fair Practices Code to help eradicate digital lenders acting as agents for non-registered NBFCs’

The growing number of service providers and links offering easy loans to individuals doing business as retailers, small traders and others necessitated the presence...

Dhanlaxmi Bank’s advances grow 4.75% in Q4

Total deposits at the end of the fourth quarter stood at Rs 11,699.15 crore, up from Rs 10,904.07 crore the year before.Dhanlaxmi Bank said...

NBFCs to face fresh challenges due to Covid surge: Analysts

Meanwhile, the extension of the Emergency Line of Credit Guarantee Scheme (ECLGS) for SMEs until June 2021 will provide these borrowers with additional respite.India's...

RBI makes interoperability mandatory for all wallet, PPI issuers

Allowing cash withdrawals from all PPIs, in conjunction with the interoperability mandate, will stimulate migration to full KYC PPIs and also complement the acceptance...

RBI raises Paytm, wallet accounts limit to Rs 2 lakh; opens RTGS, NEFT connectivity with payment operators

The RBI has also increased the limit on prepaid payment instrument accounts to Rs 2 lakh per person. (Image: REUTERS)The Reserve Bank of...

Federal Bank’s deposits grow 13% in Q4

Advances at the end of the fourth quarter stood at Rs 134,876 crore, compared to Rs 124,153 crore at the same period last year.Federal...

Digital payments: India pips China, US, others in 2020; leads global tally with this many transactions

The value of the UPI transaction grew by 18.7% month on month to Rs 5.05 lakh crore in March 2021 compared to Rs 4.25...

Hope to grow our loan book by 35-40% over next 3-4 years: Rajeev Yadav, MD & CEO, Fincare Small Finance Bank

Rajeev Yadav, Managing Director and CEO, Fincare Small Finance BankWith a business model focused on certain geographies, Fincare Small Finance Bank has not been...

India a key market, our numbers here speak for themselves: Surendra Rosha, CEO, HSBC India

Surendra Rosha, Managing Director and Group CEO, HSBC IndiaBy Malini BhuptaThe HSBC group will invest $ 6 billion in India, a key market for...

UPI transactions rise rose 19% month-on-month to hit Rs 5.05 lakh crore in March

In the six months to September 2020, payments through UPI-based apps exceeded 50% of total retail digital payment volume, becoming the most popular transaction...

Auto debit rule: New deadline is September 30

In August 2019, RBI published a framework for processing electronic money orders on recurring online transactions. Initially applicable to cards and wallets, the...