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RTGS, NEFT membership for non-banks now enabled

Reported by | Updated: April 9, 2021

Membership of the RBI-operated Centralised Payment Systems (CPSs) – RTGS and NEFT – currently limited to banks, with a few exceptions, is now proposed to be available to non-bank payment system operators like Prepaid Payment Instrument (PPI) issuers, card networks, white label ATM operators and Trade Receivables Discounting System (TReDS) platforms regulated by the Reserve […]

Touch-free way of interacting with ATMs preferred

Reported by | Updated: April 1, 2021

The ongoing covid pandemic has made offering customers a touch-free way of interacting with an ATM even more important and many banks are actively exploring software, which allows methods for identifying a customer other than the ubiquitous card and PIN, according to the ATM Software 2021 study by strategic research and consulting firm RBR. The […]

Indian Overseas Bank introduces IOB Trendy account

Reported by | Updated: April 1, 2021

Indian Overseas Bank has launched ‘IOB Trendy’, a savings account that has been thoughtfully customized keeping in mind the banking preferences of the growing millennial population in the country. The bank said it understands that banking needs are prompted by life needs…small and big and IOB Trendy is a savings bank account scheme introduced towards […]

StanChart launches sustainable trade finance solutions

Reported by | Updated: April 1, 2021

Standard Chartered is launching sustainable trade finance solutions across Asia, Africa and the Middle East, Europe and the Americas. The bank’s new sustainable trade finance proposition is designed to help companies implement more sustainable practices across their ecosystems and build more resilient supply chains. The proposition builds the Loan Market Association’s Green and Sustainability-linked Loan […]

Yes Bank accelerator program for women entrepreneurs

Reported by | Updated: April 1, 2021

Yes Bank has come out with a unique accelerator program to support women-led startups. The bank has tied up with SHEROES, a women-only social network for the program. Over a 10-week period, the cohort startups will receive customized training through virtual workshops conducted by industry experts. The curriculum will focus on building skills such as […]

Ujjivan Bank launches app for local businesses go online

Reported by | Updated: April 1, 2021

Ujjivan Small Finance Bank is collaborating with nStore to digitize offline retailers and small businesses. The bank will offer a mobile app ‘nLincs’ to its existing current account customers who are local businesses that will allow them to sell their merchandise online.  The local business or retailer (merchant) can register online, host their product catalogue […]

IIFL Home Finance launches handbook on green housing

Reported by | Updated: April 1, 2021

IIFL Home Finance has launched India’s first handbook for affordable green housing. The handbook provides home loan consumers, builders and the construction ecosystem with a definitive framework for building green homes. The handbook conceived by IIFL and renowned architect Ashok Lall. At the launch of the handbook recently, S.K. Hota, MD, National Housing Bank, said […]

RBL Bank partners with Tide to help SMEs

Reported by | Updated: April 1, 2021

RBL Bank has tied up with Tide, the UK’s leading business banking fintech, to provide bank account infrastructure for Tide’s India platform, focused on the SME segment. The collaboration will enable Tide to bring its platform to the Indian market with a full-fledged launch. With one in 20 SMEs in the UK (equivalent to over […]

Unprecedented cyber threat landscape

Reported by | Updated: March 15, 2021

Cybersecurity solutions company Fortinet came out with the latest semi-annual FortiGuard Labs Global Threat Landscape Report, which said threat intelligence from the second half of 2020 demonstrates an unprecedented cyber threat landscape where cyber adversaries maximized the constantly expanding attack surface to scale threat efforts around the world. “Adversaries proved to be highly adaptable, creating […]

Axis Securities now owns Karvy Stock Broking

Reported by | Updated: March 15, 2021

Axis Securities, a fully-owned subsidiary of Axis Bank, has become the successful bidder to acquire the trading accounts of Karvy Stock Broking. Karvy customers can start trading with Axis Securities to make the best of available market opportunities. To facilitate a seamless transfer, Axis Securities has made the entire journey digital and paperless. Simply by […]

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