Why Facebook, Google and Amazon want to build online payments platforms for India

The success that UPI has tasted since its inception in April 2016 has caught the attention of tech giants.

Prathamesh Mulye, Qz.com

· May 25, 2021 · 07:30 pm

Citigroup to exit retail banking business in India, 12 other countries

The company plans to focus on wealth management.

Scroll Staff

· Apr 15, 2021 · 11:09 pm

This year will be a litmus test for India’s banking system. Here’s why

According to credit ratings agency S&P Global, Indian banks’ share of bad loans is expected to shoot up to 11% by March from 7.6% in September 2020.

Prathamesh Mulye, Qz.com

· Jan 11, 2021 · 01:30 pm

Can the crypto industry ever be regulated in the era of decentralised finance?

The system – known as DeFi – allows people to engage in financial services such as borrowing, lending and investing without intermediaries such as banks.

Iwa Salami, The Conversation

· Dec 29, 2020 · 11:30 pm

RBI’s new cheque payment rules set to kick in from January; Here’s all you need to know

The RBI rolled out a ‘Positive Pay System’ a couple of months ago under which those making payments of over Rs 50,000 will need to reconfirm key details

Scroll Staff

· Dec 14, 2020 · 01:19 pm

RTGS money transfer facility to be operational round the clock from today

The transfer facility for amounts of Rs 2 lakh and above was earlier available between 7 am and 6 pm on all banking days.

Scroll Staff

· Dec 14, 2020 · 10:41 am

Centre puts Lakshmi Vilas Bank under moratorium till December 16, withdrawals capped at Rs 25,000

The RBI has also superseded the board of directors of the bank for the moratorium period and appointed TN Manoharan as the administrator.

Scroll Staff

· Nov 17, 2020 · 08:14 pm

‘No increase in service charges in any public sector bank,’ says finance ministry

Bank of Baroda, which had revised its norms on free deposits and withdrawals, reversed its decision on Tuesday.

Scroll Staff

· Nov 03, 2020 · 06:27 pm

Cabinet decides to bring over 1,500 cooperative banks under RBI’s purview through ordinance

Union minister Prakash Javadekar said this would ensure that savings amounting to Rs 4.84 lakh crore of more than 8.6 crore depositors is safe.

Scroll Staff

· Jun 24, 2020 · 04:29 pm

RBI cancels licence of CKP Cooperative Bank, cites its ‘adverse, unsustainable’ financial position

The central bank said that CKP Cooperative Bank has no revival plan or a plan for a merger with another bank.

Scroll Staff

· May 03, 2020 · 01:23 pm

SBI waives need to maintain minimum balance, cuts interest rate on all savings accounts to 3%

Earlier in the day, SBI reduced its fixed deposit rates and marginal cost of funds-based lending rates on various tenors.

Scroll Staff

· Mar 11, 2020 · 09:46 pm

After pulling out of the food business, Uber’s latest India adventure is likely to be in fintech

Payments are an obvious and lucrative add-on for taxi aggregators around the world.

Ananya Bhattacharya, qz.com

· Feb 16, 2020 · 08:30 pm