Page 4 - Digital Banking

ICICI Bank launches India's 'open-for-all' digital ecosystem for MSMEs

Anyone can avail of the benefits of digital solutions by downloading the new version of the InstaBIZ app.

Cabinet approves Rs 820 cr financial support for India Post Payments Bank

The support will help state-run payments bank to penetrate deeper into the country, especially in the rural area and work towards financial inclusion

Digital delivery

New-age banks will increase inclusion

Top headlines: Action to aid post-Covid recovery, Tatas to offer ESOPs

Business Standard brings you top headlines of the day

On the road to 75 new digital banks, there will be twists and turns

The finance minister's Washington announcement signals an acceleration of the government's plans but there are many basic questions to address still

Top headlines: Plan for 75 digital banks, IPL broadcast rights, and more

Business Standard brings you the top headlines on Wednesday

Reserve Bank of India nod to banks to open digital banking units

The banking regulator has mandated minimum products and services that banks must offer in these DBUs

RBI issues guidelines for banks to set up 24X7 digital banking units

The Reserve Bank of India on Thursday said existing banks can open digital banking units to offer products and services in both self-served and assisted mode round-the-clock

Banks, fintech firms need to collaborate to reach the unserved population

There is a clear need for both banks and bankers, say experts

Why top lenders are laying the groundwork for digital-only banks

SBI is revamping its mobile application to turn to a complete digital bank, which will be named 'Only Yono'. HDFC Bank is working on a similar plan. What does this mean for future for banking?

ATMs are much more than a till-box

Today's ATMs give you everything you want - from withdrawing cash to the possibility of depositing cheques and even opening a bank account

SBI YONO leads neobanking club with 54 million monthly active users

According to SBI's assessment, YONO is valued at around $40 billion but analysts say that it would have surpassed or hit $50 billion in 2021.

For Revolut, payments to be gateway to digital banking licence in India

In the first phase, it plans to launch an offering in the payments segments such as remittances, which has been the flagship offering of the company globally

RBI asks people to follow safe digital banking practices amid rising frauds

The RBI observed that unscrupulous elements are defrauding people by using innovative modus operandi

SBI invites applications for head of digital banking till January 28

The country's largest lender SBI is looking forward to appointing the head for its digital banking, and it has invited applications from eligible candidates for the post by January 28.

India digital loan apps blamed for mafia-like collection tactics, suicides

Panel set up by the RBI finds more than half of about 1,100 digital loan providers operate illegally.

NITI Aayog senior advisor Anna Roy among top 30 fintech influencers

Roy has issued the recent report on Digital Banking by NITI Aayog, which has provided a template for the Digital Bank Regulatory Framework for India

Fintech leading India's banking revolution but it's hampered by old rules

The country's licensing policy for financial institutions is past its sell-by date. Innovative solutions are out there but require regulation.

Digital banking push turned into pull factor: Former SBI Chairman

Digitisation of banking services in India, which started as a "push", has now turned into a "pull" factor, State Bank of India's ex-Chairman Rajnish Kumar said

PNB to pick up 9.5% stake in Open Network for Digital Commerce Ltd

Open Network for Digital Commerce (ONDC) Ltd is being established with a mandate to develop an open network for digital commerce