No MDR on Digital Payment to large firms

The government declared banks or system providers will not impose charges or Merchant Discount Rate on customers as well as merchants on digital payments made to establishments having turnover...

SBI became first Indian bank to have office in Australia’s Victoria

The State Bank of India opened its Melbourne office and becoming the first Indian bank to have a branch in the Australian state of Victoria. The Melbourne office will...

India’s IMPS rated as the world’s best real-time payment service

The Jacksonville, United States (US) based research firm Fidelity National Information Services (FIS) in its 6th annual Flavours of Fast report for 2019 rated India’s Immediate Payment Service (IMPS)...

Banks not to declare stressed assets of MSMEs as NPAs until March 31, 2020

After meeting with the heads of public sector banks(PSB) to discuss various issues, including follow up on transmission of monetary policy rates, Finance Minister Nirmala Sitharaman stated that...

IPPB launched AePS services

Union Minister for Communications, Electronics & Information Technology and Law & Justice Shri Ravi Shankar Prasad announced that India Post Payments Bank (IPPB) has launched Aadhaar Enabled Payment System...

Asian Development Bank will provide USD 200 million loans to Maharashtra for rural road...

The Asian Development Bank (ADB) has approved USD 200 million (about Rs 1,400 crore) loan to upgrade about 2,100 kilometers of rural roads to all-weather standards in Maharashtra’s 34...

RBI selected Daffodil Software Pvt Ltd for developing mobile app for visually impaired

The Reserve Bank of India (RBI) selected Daffodil Software Pvt Ltd to develop a mobile phone-based application for visually impaired people to identify currency notes. It informed the Bombay...

ICICI Bank installed Robotic-arm to count currency notes

India's ICICI Bank declared to be the first bank in the country to deploy industrial robotic arms to count currency notes. As per Bank's statement, it has deployed 14...

10 mega banks merged into 4 PSBs

Union Finance Minister Nirmala Sitharaman announces the merger of ten big public sector banks (PSBs) into four. The banks which are being merged are Punjab National Bank, Oriental Bank...

Canara Bank launched India’s first OTP facility for ATM cash withdrawals above Rs.10,000

Canara Bank, one of the largest public sector banks in India has launched India’s first one-time password (OTP) facility for ATM withdrawals over Rs.10,000 in a day. This extra...

Follow Us

8,890FansLike
2,458FollowersFollow
0SubscribersSubscribe

Recent Posts