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08 Jun 2017

Online banking to kill physical banks in 5-6 years: Amitabh Kant

Low cost Internet based transactions and business efficiency due to technology advancements are expected to kill physical banks in next 5-6 years, NITI Aayog CEO Amitabh Kant said on Thursday.

08 May 2018

Soon, send or receive money using your 14-digit Aadhaar number

Very soon, one would be able to transact - send and receive money - only on the basis of the Aadhaar number irrespective of the fact whether it is linked to a bank account or not.

06 Oct 2016

RBI issues operational guidelines for Payment, Small Finance Banks

The RBI released on Thursday its operating guidelines for Payment Banks and Small Finance Banks, noting the prudential regulatory framework for the entities under the two categories will largely be drawn from the Basel standards.

15 Aug 2016

Post offices to be converted into payment banks

Post offices across the country will be converted into "payment banks", Prime Minister Narendra Modi said on Monday.

10 Jul 2016

Paytm Payments Bank looking at a pre-Diwali take-off

Digital payment platform Paytm is readying a budget of Rs 350-500 crore to roll out its payments bank and eyeing an October launch before Diwali this year, a top executive said.

14 Apr 2016

Banking Simplified : Unified Payment Interface

11 Apr 2016

Airtel M-commerce arm gets payment bank licence from RBI

Bharti Airtel on Monday said that its mobile commerce subsidiary, Airtel M Commerce Services, has received payments bank licence from the Reserve Bank of India

Insurance Companies

25 Nov 2015

Insurance Companies Planning To Tie Up With Payment Banks To Increase Insurance Penetration

21 Aug 2015

Payment banks unlikely to eat into large lenders' biz: Crisil

Ratings agency Crisil on Friday said the upcoming payment banks (PBs) will largely focus on the underbanked areas like the East, Northeast and Central regions, and the existing lenders should not worry about them.

21 Aug 2015

Payments banks to change banking habits of Indians: Jaitley

RBI has given nod to 11 entities to launch such niche banks within next 18 months.

20 Aug 2015

What is Payment Bank and how does it work

Here is what you need to know about the functions of payment bank and what are the benefits you can avail from it.

20 Aug 2015

RBI gives nod to 11 including RIL, Airtel and Vodafone for payments bank

Payments bank licence will allow companies to collect deposits (initially up to Rs 1 lakh per individual), offer Internet banking, facilitate money transfers and sell insurance and mutual funds.

20 Apr 2015

Licences of small, payments banks in a few months: RBI

The Reserve Bank is in the middle of processing over 100 applications for small finance banks and payments banks and may issue licences in a few months, a top central bank official said.

28 Nov 2014

'Telecom firms ideal candidates to set up payment banks'

Crisil Research said that in five years, payment banks would account for a minuscule 0.5 percent of the low-cost CASA deposit base of the industry.

10 Oct 2014

Telenor keen on setting up 'Payments Banks' in India

Norwegian telecom major Telenor on Friday said that it is evaluating 'Payment Banks' business opportunity in the country.

Reserve Bank of India

17 Jul 2014

RBI issues draft norms for small banks, payment banks

A week after Budget announcement, the Reserve Bank on Thursday issued draft guidelines for setting up of 'local feel' small banks, which will disburse small-ticket loans to farmers and businesses.

Reserve Bank of India

17 Jul 2014

RBI issues draft guidelines for setting up small, payment banks

The RBI also proposed Rs 100 crore as minimum capital required for setting up small bank and payment bank.

12 Jun 2014

India to come out with payment bank shortly: RBI deputy

The Reserve Bank of India will come out with a payment bank soon, Deputy Governor H. R. Khan said on Thursday.

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