August 22, 2015, Saturday
Such banks can collect deposits (initially up to Rs 1 lakh per individual), do internet banking, facilitate money transfers, and ...
August 21, 2015, Friday
Ratings agency Crisil today said the upcoming payment banks (PBs) will largely focus on the underbanked areas like the East, ...
August 21, 2015, Friday
Country's largest commercial banking entity State Bank of India (SBI) is now developing a low-cost model to compete with payments ...
August 21, 2015, Friday
Says such banks will play a complimentary role in the existing banking system
August 21, 2015, Friday
Will finalise note for investment approval of Rs 300-400 crore; subsidiary to be created for the venture to leverage national ...
August 21, 2015, Friday
The spread of payments banks might also deprive regular banks of the fee income they earn from customers, like those for making ...
August 21, 2015, Friday
Lenders raise concerns over rising competition from payments banks
August 21, 2015, Friday
Unbanked customers can expect easier access to banking, while those who have bank accounts can look forward to further ...
August 21, 2015, Friday
A detailed look at the companies and people who this week won licences to set up payments banks
August 20, 2015, Thursday
Communications Minister Ravi Shankar Prasad today said the government will revive the postal department by using over 1.5 lakh ...
August 20, 2015, Thursday
ICICI Bank has investments in two of the 11 entities that have got in-principle approval for setting up payments banks
August 20, 2015, Thursday
Payments banks can issue ATM/debit cards, but not credit cards
August 20, 2015, Thursday
The proposed Payments Banks will increase competition for the public sector lenders and could also pose risks to their market ...
August 20, 2015, Thursday
Having secured RBI's nod to set up a payments bank, the Department of Posts has said it is open for partnership in this new ...
August 20, 2015, Thursday
After granting approval to 11 entities for payments banks, RBI today said it will announce small finance bank licences next month ...
August 20, 2015, Thursday
Cost of transferring money could fall because of lower overheads but the bigger advantage is bringing banking to almost one's
August 20, 2015, Thursday
RBI says unsuccessful applicants can get licences in future under 'on-tap' system
August 20, 2015, Thursday
RBI will move to 'on-tap' licences
August 20, 2015, Thursday
From very humble beginnings in a small Uttar Pradesh town, Vijay Shekhar Sharma has come a long way. Starting as a mobile value ...
August 20, 2015, Thursday
The licence will add another revenue stream for these companies
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