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PAYMENTS MODERNISATION IN BANKING
ATMs hungry, but not for more cashMany Indians face empty ATMs despite ample cash in circulation. This is due to serious disruptions in cash movement. UPI's rapid rise and i...- Open MSP procurement, storage to private sector: StarAgri CEOStarAgri CEO Amith Agarwal advocates a bigger private-sector role in MSP procurement and storage to boost efficiency, warehousing capacity,...
- Fuelled by lending boom, DPDzero bets big on AI-led debt recoveryAs India’s unsecured lending boom accelerates, collections are emerging as the next major battleground for fintechs and lenders.
- Born out of microfinance, Bandhan Bank now bets big on AI and digital bankingAs Bandhan Bank accelerates its transition from a microfinance-led institution into a universal bank, Executive Director & COO Ratan Kumar ...
- New Aadhaar card rules 2026: UIDAI expands document list for enrolment; simplifies rules for children; sets Aadhaar validity period for OCI, LTV, foreignersThe Unique Identification Authority of India has updated Aadhaar enrolment and correction rules. New regulations expand accepted documents ...
- Explained: What is the new VB-G RAM G Act and how will it replace MGNREGA?A new rural employment law, VB-G RAM G Act, will replace MGNREGA on July 1. It guarantees 125 days of work annually, focusing on infrastruc...
- Tech Mahindra to buy 85% in Canada’s Avant Techno SolutionsTech Mahindra is acquiring an 85% stake in Canadian wealth management firm Avant Techno Solutions for CAD 28 million. This strategic move a...
- SBI aims completion of core banking modernisation in 2 years: MDState Bank of India plans to finish its core-banking system upgrade within two years. The bank is modernizing its technology through variou...
- Amit Shah launches digital apps for urban co-op banks, sets target of one UCB per townUnion Cooperation Minister Amit Shah launched Sahakar Digi Pay and Sahakar Digi Loan apps for urban cooperative banks. Digital payment adop...
- Modernise school fee processes; use UPI: Education ministry to statesIn a first-of-its-kind move, the Department of School Education and Literacy of the Education Ministry is seeking to leverage the growing p...
- 68 lakh pensioners to gain from EPFO's new Centralized Pension System across regional officesThe EPFO has completed the nationwide rollout of its Centralized Pension Payments System (CPPS), benefiting over 68 lakh pensioners. The ne...
- Cloud tech’s role in driving payment modernisationCloud platforms enable banks to embed agility ─ banks can focus more on creating value for customers and less on transaction processing and...
- JP Morgan acquires Renovite Technologies to ramp up payment platformRenovite will become part of JP Morgan Payments, which combines corporate treasury services, trade finance, and card, and merchant services...
- $271 bn consumer spending to shift from cash to cards, digital payments by 2023 in India: AccentureThe report forecasted that nearly 420 billion transactions worth USD 7 trillion, globally are expected to shift from cash to cards and digi...
- 1.55 lakh post offices to be empowered as Payments Banks: Manoj SinhaIndia Post Payments Bank (IPPB) launched pilot services in Raipur and Ranchi in January 2017 after RBI had in 2015 approved Payments Banks ...
- Over 60 financial giants like Barclays, Citibank, Deutsche Bank line up to partner with India PostEven the International Finance Corporation, a member of the World Bank Group, has shown interest in picking up a stake in the business.
- New milestone: National Payments Corporation of India gets 1,000 banks on its networkNACH is also helping the government to implement DBT schemes. It covers schemes like MNREGA, social security pension, old age pension, LPG ...
- Uttarakhand CM Harish Rawat asks sugar mills to clear 50% dues to farmersRawat asked the mills to treat it as a priority and ensure that at least 50 per cent of the dues they owe to farmers are cleared by June 30.
- Switzerland firm to deploy TCS banking IT suiteTata Consultancy Services today said Switzerland-based PostFinance will deploy its IT suite to overhaul part of latter's operations.
- Govt may sanction more funds for modernising textiles sectorThe government is soon expected to take up the proposal to increase the total fund sanction to Rs 15,000 crore for modernisation of the tex...
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