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  • Trending

    RBI fines Paytm Payments Bank Rs 1cr for non-compliance; Western Union also penalised

    Reserve Bank of India has taken action as banks did not follow norms The Reserve Bank of India has imposed a penalty of Rs 1 crore on Paytm Payments Bank Limited (PPBL) and Rs 27.78 lakh on Western Union Financial Services for non-compliance with certain directions. In a release on Wednesday, the RBI said on examination of PPBL's application for issue of...

    • 6 hrs ago
  • Trending

    Here's why you should ditch NEFT and use IMPS

    For IMPS registered phone number and MMID id of the account holder are required. The Indian economy has witnessed a shift after demonetisation in 2016. Digital transactions gradually carved out significant room replacing physical transactions and the fintech sector is booming.

    • 10 hrs ago
  • Trending

    NPCI announces the launch of tokenisation of RuPay cards

    Acquiring banks, aggregators, merchants and others with NTS can get themselves certified with NPCI and can play the role of token requestor to help save the token reference number against all card numbers saved.

    • 10 hrs ago
  • Banking

    ATM closure threat: RBI shouldn't buckle

    Despite the rising popularity of UPI and digital payments, ATMs remain one of the most preferred destination for banking transactions for a vast number of people in this country.

    • 11 hrs ago
  • Trending

    Cash-out penalties may lead to closure of ATMs: CATMI

    If the current scheme is implemented then White Label ATM Operators (WLTAO), management service providers will be forced to shut down all far-flung ATMs which are difficult to operate.

    • 12 hrs ago
  • Trending

    Diwali offers: Here's what top banks are offering

    Customers can get cashback offers up to Rs 2,500 on every purchase on e-commerce sites such as Flipkart and Amazon. The country is going celebrate its biggest festival Diwali after a few days.

    • 14 hrs ago
  • Trending

    Home loan EMI: Five ways to reduce your burden

    A home loan is a long-term commitment. A home loan is a long-term commitment for most borrowers. The tenure of a home loan usually goes up to 20 to 25 years or even 30 years.

    • 15 hrs ago
  • Banking

    Bank NPAs expected to rise to 8-9% in the current fiscal: Report

    The report expected the corporate segment to be far more resilient. A large part of the stress in the corporate portfolio had already been recognised during the asset quality review initiated five years ago.Read all the latest updates on COVID-19 here.

    • yesterday
  • Trending

    Axis Bank offers waivers on select home loan products

    Axis Bank said that, it wishes to add to the on-going festivities, by offering our customers great deals and discounts across shopping and loan products.

    • yesterday
  • Trending

    Moody's upgrades banking system outlook

    The rating agency with strong links to the government, assumes that it will provide a very high level of support for rated public sector banks.

    • yesterday

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