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Banking

RBI Deputy Governor Cautions Banks on Overreliance on Bulk Deposits

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Reserve Bank of India (RBI) Deputy Governor Swaminathan J raised concerns about the growing dependence of banks on bulk deposits, which attract higher costs...
Banking

Significant Surge in Digital Payments; 11,660 Cr Digital Transactions Noted: MoS Finance

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In a recent statement, Union Minister of State for Finance, Dr. Bhagwat Kisanrao Karad, highlighted the remarkable increase in digital payments in recent years,...
Banking

India’s Unified Payments Interface (UPI) Achieves Remarkable Growth, Surpassing 8,572 Crore Transactions in FY 2022-23

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The Unified Payments Interface (UPI) in India has witnessed an extraordinary surge, achieving a record-breaking 8,572 crore transactions during the current financial year up...
Banking

Fincare Small Finance Bank and AU Small Finance Bank to Merge

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Fincare Small Finance Bank (Fincare SFB) is scheduled to merge with AU Small Finance Bank (AU SFB) starting from February 1, 2024, pending all...
Banking

RBI Inclines Towards Technology: Deputy Governor T Rabi Sankar

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Mumbai: RBI has taken a keen interest in technology, acknowledging its profound impact on the global order, according to Deputy Governor T Rabi Sankar....
Banking

India, UAE Sign RuPay Domestic Card Scheme

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New Delhi: NPCI International Payments Limited (NIPL), a subsidiary wholly owned by the National Payments Corporation of India (NPCI), has forged a strategic alliance...
Banking

RBI Extends Last Date to Exchange Rs 2000 Notes

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Mumbai: The Reserve Bank of India (RBI) has announced an extension of the deadline for exchanging and depositing ₹2,000 notes until October 7, 2023. ‘As...
Banking

No Card, No Tension; Withdraw From UPI-ATM Now!

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New Delhi: India's first UPI-ATM, launched on Tuesday, is a White Label ATM (WLA) presented by Hitachi Payment Services in collaboration with the National...
Banking

IREDA Ropes In Two Banks To Co-finance Renewable Energy Projects

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New Delhi: In an effort to drive the growth of renewable energy in India, Indian Renewable Energy Development Agency Ltd. (IREDA) has entered into...
Banking

RBI Governor Shaktikanta Das Ranked Top Central Banker Globally

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Mumbai: Reserve Bank of India Governor Shaktikanta Das has been ranked as the top central banker globally by the US-based Global Finance magazine. According...
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