The government wants lenders to use DBUs to push its latest schemes, including PM Vishwakarma, where it offers collateral-free loans at con...

India has become a world leader in real-time digital payments, accounting for almost 40% of all such transactions, according to data from t...

The government is also looking to expand the coverage of doorstep banking and is firming up a new framework for business correspondents, sa...

"Digitization in collections in the microfinance sector has been a great challenge as most of the MFI clients do not possess smart phones,"...

"Banks are now working on the standard operating procedure, the scope of services, and a performance measure matrix," said an official, add...

DBUs are brick-and-mortar outlets that provide facilities such as account opening, balance checks, fund transfers, fixed deposit investment...

Referring to the previous UPA regime, PM Narendra Modi said under 'phone banking', instructions were given on phone to banks regarding whom...

Modi attributed India's sustained economic growth to the efforts of the current government to replace pre-2014 "phone banking" with "digita...

The DBUs will augment our efforts to promote financial inclusion by providing banking services in a paperless, efficient, safe and secure e...

Conceptually, DBUs are new and expanded digital avatars of what ATMs did to the teller counter. Basic steps started with core-banking in th...

Prime Minister Narendra Modi on Sunday launched 75 Digital Banking Units (DBUs) in 75 districts with an objective to promote financial incl...

As part of the Union budget 2022-23, Finance Minister Nirmala Sitharaman had announced the setting up of the 75 DBUs in as many districts o...

Finance Minister Nirmala Sitharaman had in her budget speech for 2022-23 announced the setting up of 75 DBUs in 75 districts of the country...

All public sector banks, 10 private sector banks and one small finance bank have already initiated the work to have these units operational...

According to the guidelines on the establishment of Digital Banking Units (DBUs), the products and services to be provided at a DBU include...

Finance Minister Nirmala Sitharaman has proposed the Digital Rupee — the Central Bank Digital Currency (CBDC) — dubbing it as a big boost t...

Finance Minister Nirmala Sitharaman said during her Budget speech that the Centre has proposed to set up 75 digital banking units (DBUs) in...