Here Is Why Mpay Was Not Working Properly
By Muneeb Naqeeb
As the government of India visions to transform India into a digitally empowered society “Faceless, paperless, cashless” the digital transactions are going...
ATM Service Charges Increase, To Cost Rs 21 Per Transaction
NEW DELHI- Automated Teller Machines (ATMs) beyond the permissible free transactions for cash as well as non-cash purposes became more expensive from Saturday.
As per...
J&K Bank Signs MoU With SKIMS For Digital Payment System
SRINAGAR- As part of its strategic drive towards digitalization of banking services, J&K Bank signed MoU with the valley’s premier healthcare institute SKIMS.
The MoU for...
RapiPay launches Aadhaar-enabled payment service, micro ATMs in Kashmir
Srinagar: Fintech firm RapiPay on Tuesday announced expansion of its presence in Kashmir with the launch of Aadhaar-enabled payment system (AEPS) and micro ATM...
RBI Allows Offline Digital Payments
Mumbai- To push digital transactions in rural and semi-urban areas, the Reserve Bank of India (RBI) on Monday issued a framework allowing offline payments...
RBI Extends Restrictions On PMC Bank For 3 Months Till March 2022
Mumbai- The restrictions on Punjab and Maharashtra Cooperative (PMC) Bank has been extended for another three months till the end of March next year.
Reserve...
RBI Grants Approval To LIC To Up Stake In IndusInd Bank To Nearly 10%
NEW DELHI- Private bank IndusInd Bank on Friday said the RBI has given approval to Life Insurance Corporation to increase stake in the bank...
IBA Moves RBI Seeking Licence To Set Up Rs 6,000-Cr Narcl; Approval Likely In...
New Delhi (PTI): The Indian Banks' Association (IBA) has moved an application to the Reserve Bank of India (RBI) seeking licence to set up...
A User’s Guide on Upcoming Forked Coins and Transactions
Bitcoin is a cryptocurrency and worldwide payment system. It is the first decentralized digital currency, as the system works without a central bank or...
RBI Warns Of Bad Loan Spike, Pencils NPAs At 8.1-9.5% By Sep
Mumbai- Gross bad loans of banks may rise from 6.9 per cent in September 2021 to 8.1-9.5 per cent by September 2022 if the...