User: srikanthlogic Topic: Digital Payments
Category: Payment Banks
Last updated: Nov 20 2018 23:45 IST RSS 2.0
 
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After an incredible boom, e-wallets are dwindling in India 20.11.2018 Scroll.in - News that matters
From 60 in 2017, the number of firms offering e-wallet services has shrunk to 49.
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Sensex rises 100 points, Nifty breaches 10,700 mark ahead of crucial RBI board meeting 19.11.2018 Scroll.in - News that matters
The rupee, meanwhile, declined by 9 paise to trade at 72.02 against the dollar.
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Jan Dhan, Aadhar, and banking the unbanked, Modi speaks on India's Fintech success at Singapore 14.11.2018 Sify Finance
PM Modi's speech at Singapore is laced with praise for Aadhar, Jan Dhan accounts, and providing Fintech solutions to unbanked since 2014.
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Who can be a bigger Anaconda than Narendra Modi, he swallowed CBI, RBI: Andhra Pradesh Finance Minister 4.11.2018 Zee News : States
The verbal attack comes days after the ruling Telugu Desam Party in Andhra Pradesh firmed up its ties with the Congress.
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Troubled entities 30.10.2018 Financial Chronicle
Agri-cooperative credit societies revival can help spread banking space Being small may not always be beautiful. Small payment banks seem to be conveying this very message as they lose steam. Though they began their operations two years back with lots of hope to achieve financial inclusion and bring the unbanked population into banking space, not much has moved forward. These banks that were to cater to small ticket customers and disrupt the power hierarchy in the banking industry have done little so far. The Committee on Comprehensive Financial Inclusion for Small Businesses and Low Income Households set up under the chairmanship of Nachiket Mor in 2014 had recommended setting up small payment banks. While the RBI accepted the Mor panel recommendations, the big question is why did the payment banks fail to take off? From this arises another question – whether these alternative banking platforms are sustainable at all or will get merged into any of the big banking behemoth? A case in point is the ...
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RBI okays Puri’s term as HDFC Bank chief till 2020 30.10.2018 Financial Chronicle
Mumbai The HDFC Bank on Monday said the Reserve Bank of India has approved reappointment of Aditya Puri as MD & CEO of the bank, from November 1, 2018 to October 26, 2020, up to the age 70 years. In 2015, the shareholders of the bank had approved his appointment for a period of five years subject to RBI approval, the bank said in a statement. HDFC Bank has, meanwhile, raised its stake in the National Securities Depository (NSDL) from 5 per cent to 9.95 per cent by buying a 4.95 per cent stake from Axis Bank. The transaction at Rs 825 per share for 19,79,900 shares of NSDL, for a cash consideration of Rs 163.34 crore, was disclosed by Axis Bank on Friday after the market hours. NSDL primarily provides depository services. Its counterpart, Central Depository Services (CDSL), is listed on BSE and NSE. “The transaction would lead to divestment of 4.95 per cent stake in NSDL. Post transaction, Axis Bank will hold 0.05 per cent stake in NSDL,” Axis Bank said. The transaction will be completed by December ...
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Current Affairs wrap for the day: October 26th 2018 26.10.2018 Scroll.in - News that matters
Get all the big national and international news and stay up to date with Current Affairs and General Knowledge to prepare for competitive exams.
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Paytm Payments Bank names Satish Kumar Gupta as MD, CEO 25.10.2018 Zee News : Business
Gupta had prior senior roles at SBI and NPCI.
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Current Affairs wrap for the day: October 25th 2018 25.10.2018 Scroll.in
Get all the big national and international news and stay up to date with Current Affairs and General Knowledge to prepare for competitive exams.
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Fino Payments to enroll fresh customers after RBI lifts ban 24.10.2018 Sify Finance
Fino to re-start onboarding of customers after RBI revokes ban.
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Market Outlook: Liquidity worries, Q2 results to chart stock market's course 21.10.2018 Sify Finance
Second-quarter earnings result season, combined with the direction of foreign fund flows and the liquidity situation of the NBFC (non-banking financial companies) sector are expected to determine the trajectory of Indian stock market indices during the upcoming week.
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RBI guidelines on mobile wallet payments out 17.10.2018 Financial Chronicle
Mumbai The RBI on Tuesday released guidelines to facilitate payments among different mobile wallets, a move aimed at promoting digital transactions. As per the road-map laid down in 2017, interoperability of all KYC-compliant Prepaid Payment Instruments (PPIs) was to be enabled in three phases - interoperability of PPIs issued in the form of wallets through Unified Payments Interface (UPI), interoperability between wallets and bank accounts through UPI, and interoperability for PPIs issued in the form of cards through card networks. The Reserve Bank of India (RBI) issued consolidated guidelines for enabling all phases in order to prepare better for implementation of interoperability. Interoperability is the technical compatibility that enables a payment system to be used in conjunction with other payment systems. Interoperability allows PPI issuers, system providers and system participants in different systems to undertake, clear and settle payment transactions across systems without participating in ...
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RBI lays out rules to make mobile wallet payments seamless 16.10.2018 Reuters: Money News
The Reserve Bank of India on Tuesday laid out guidelines that would allow for seamless payments between different mobile wallets, in a move that could further boost the use of digital payments in the country.
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80% industry players comply with RBI's data localisation directive: Sources 16.10.2018 Zee News : Business
In April, the central bank had given six months to global payment companies to store transaction data of Indian customers within India.
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India won't relax data localisation deadline, digital payment firms in a bind 16.10.2018 Sify Finance
With the government on Monday refusing to relax the Reserve Bank of India (RBI)'s October 15 deadline for data localisation, the road ahead has become tough for global digital payment providers who have sought more time to comply with the guidelines.
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Deadline Ends For Digital Payment Firms To Store Data Locally 15.10.2018 NDTV News - Latest
With the government today saying it will not relax the Reserve Bank of India's October 15 deadline for data localisation, the road ahead has become tough for global digital payment providers who have...
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India Post Payments Bank Gets Over 77,000 Customers In Goa, Maharashtra 9.10.2018 NDTV News - India-news
The Maharashtra and Goa Circle of India Post has got 77,339 customers for its payments bank since the facility was launched nationwide on September 1, a senior postal department official said today.
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Market Review: Oil, rupee unleash bears, mow down equities 6.10.2018 Sify Finance
A free-fall in rupee value coupled with high crude oil prices, along with a massive outflow of foreign funds, dragged the key domestic equity indices lower for the fifth consecutive week.
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Market Review: Amid volatility, weak rupee equity indices fall for 2nd straight week 16.9.2018 Sify Finance
Subdued investor sentiments on the back of persistent depreciation in the Indian rupee along with high crude oil prices pulled the domestic equity market lower for the second consecutive week.
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Union Minister of Rural Development, Panchayati Raj and Mines, Shri Narendra Singh Tomar chairs the 20th Central Employment Guarantee Council meeting in Bhopal 14.9.2018 Govt of india: PIB
  MNREGA is the largest employment generating scheme in the country. This scheme is demand based and provides employment to 5.5 to 6 crore people of the country. This was stated by the Union Minister of Rural Development, Panchayati Raj and Mines, Shri Narendra Singh Tomar while addressing the 20th Central Employment Guarantee Council (CEGC) meeting that was held in Bhopal today.
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