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Payments banks: Not corporate biggies but India Post will emerge the dark horse in race for market

Aug 20, 2015 at 16:24 | Source: FirstPost

The Reserve Bank of India (RBI) has chosen just 11 out of 41 applicants to set up payments banks in the country. Payments banks are institutions that will offer most of the banking services except loans and credit card products to retail customers. C...

It is a big deal. Why payment banks will change the banking game for you and me

Aug 20, 2015 at 15:47 | Source: FirstPost

The Butterfly Effect holds that a butterfly flapping its wings in some place can, in theory, cause a hurricane somewhere else weeks down the line. The term, coined by Edward Lorenz, came into vogue as weather forecasters saw that a small variation in...

It's a big deal. Why payment banks will change the banking game for you and me

Aug 20, 2015 at 12:47 | Source: FirstPost

The Butterfly Effect holds that a butterfly flapping its wings in some place can, in theory, cause a hurricane somewhere else weeks down the line. The term, coined by Edward Lorenz, came into vogue as weather forecasters saw that a small variation in...

India Post says open to partnerships for payments bank

Aug 20, 2015 at 12:41 | Source: FirstPost

Mumbai: Having secured RBI's nod to set up a payments bank, the Department of Posts has said it is open for partnership in this new venture and is in talks with some telecom companies."We are very excited about it. We have our own strength in te...

Payments banks: With India Post getting RBI nod, Indias biggest bank for poor is in the making

Aug 20, 2015 at 11:43 | Source: FirstPost

The Reserve Bank of India (RBI) has chosen just 11 out of 41 applicants to set up payments banks in the country. Payments banks are institutions that will offer most of the banking services except loans and credit card products to retail customers. C...

RBI paves way for banking revolution: 11 entities get nod for payments banks

Aug 20, 2015 at 10:35 | Source: FirstPost

Mumbai: Companies run by billionaires Mukesh Ambani and Kumar Mangalam Birla as well as telcos Bharti Airtel and Vodafone are among the 11 entities that yesterday got the Reserve Bank's nod to set up non-lending payments banks as part of the financia...

RBI paves way for banking revolution: RIL, Airtel among 11 to get RBI nod for payments banks

Aug 20, 2015 at 08:44 | Source: FirstPost

Mumbai: Companies run by billionaires Mukesh Ambani and Kumar Mangalam Birla as well as telcos Bharti Airtel and Vodafone are among the 11 entities that yesterday got the Reserve Bank's nod to set up non-lending payments banks as part of the financia...

Banking revolution coming: RIL, Airtel among 11 to get RBI nod for payments banks

Aug 20, 2015 at 06:42 | Source: FirstPost

Mumbai: Companies run by billionaires Mukesh Ambani and Kumar Mangalam Birla as well as telcos Bharti Airtel and Vodafone are among the 11 entities that today got the Reserve Bank's nod to set up non-lending payments banks as part of the financial in...

India picks phone carriers among 11 firms awarded niche bank permits| Reuters

Aug 19, 2015 at 23:15 | Source: FirstPost

MUMBAI Leading mobile phone network operators Bharti Airtel Ltd and Vodafone India are among the 11 companies selected by the Reserve Bank of India (RBI) to help set up "payments banks", aimed at granting millions of citizens access to basi...

Payments banks important step, to expand rural banking, says Jaitley

Aug 19, 2015 at 20:35 | Source: FirstPost

New Delhi: RBI granting payments bank licences is a significant step which will bring in more money into the system and spread the reach of banking to rural areas, Finance Minister Arun Jaitley said today."RBI giving payments banks licences is a...

RIL, Airtel among 11 applicants to get RBI in-principle nod for payments banks

Aug 19, 2015 at 19:43 | Source: FirstPost

Mumbai: The Reserve Bank today granted 'in-principle' approval to 11 entities, including Reliance Industries, Aditya Birla Nuvo, Vodafone and Airtel, to set up payments banks and proposed such licences 'on tap' in future.The other entities which have...

Private sector professionals to head BoB, Canara Bank

Aug 14, 2015 at 22:56 | Source: FirstPost

New Delhi: Bank of Baroda and Canara Bank today became the first state-owned banks to be headed by private sector professionals as government announced appointment of MD and CEOs of five PSU lenders.Apart from these two, Financial Services Secretary ...

Rupee fall triggers sharp rally in IT shares; BSE IT index outperforms

Aug 11, 2015 at 12:19 | Source: FirstPost

China's decision to devalue its currency seemed to have paid rich dividends for shares of export-lead domestic information technology (IT) companies even as the broad market receded sharply after a sluggish opening trade.As China devalued its currenc...

India IT outsourcing firms seek booster shot from Obamacare

Jul 08, 2015 at 11:56 | Source: FirstPost

India's IT outsourcing firms are betting on U.S. President Barack Obama's healthcare reform to rev up revenue growth which is slowing as the $146 billion industry's key financial and manufacturing clients spend less on software services.The United St...

IT giants off on a cool course to attract young talent, battle start-ups

Jun 18, 2015 at 14:35 | Source: FirstPost

Mumbai: India's oldest and most distinguished IT firms are doing what would have been almost sacrilegious a few years ago - holding coding marathons to develop innovative fixes and deploying "commando" units to resolve clients' IT woes with...

Sweeping change: IT giants battle start-ups, revamp culture to attract young talent

Jun 18, 2015 at 11:28 | Source: FirstPost

India's oldest and most distinguished IT firms are doing what would have been almost sacrilegious a few years ago - holding coding marathons to develop innovative fixes and deploying "commando" units to resolve clients' IT woes within hours...

We are now competition to IBM, HP: Dimension Data

Jun 11, 2015 at 14:39 | Source: FirstPost

One of the niche players in Gartners cloud infrastructure-as-a-service (IaaS) Magic Quadrant 2015, Dimension Data feels that it is in the right position with the right offerings to compete in the Indian data centre market. With the market heating up ...

Investors hammer Tech Mahindra down 14%, Tata Motors 7% after poor results

May 27, 2015 at 11:35 | Source: FirstPost

Shares of Tech Mahindra and Tata Motors took a sharp beating on the bourses in early Wednesday trade, after both the companies reported disappointing fourth-quarter earnings a day before triggering sharp unwinding of positions by investors. Sharp fal...

Post Bank of India may be dream as yet, but imposters wouldnt wait

May 21, 2015 at 10:42 | Source: FirstPost

The proposed Post Bank of India (PBI), the long cherished dream of the India Post, is still a work in progress for the department since the Reserve Bank of India (RBI) is yet to give its nod for the plan, but imposters are already active on internet ...

IT sector is consolidating but here's why Infosys or TCS did not acquire iGate

Apr 28, 2015 at 21:30 | Source: FirstPost

The acquisition of iGate by European services major CapGemini shows that there is a need for consolidation in the Indian services industry. Why was iGate not acquired by any Indian company when it would have been easier for an Infosys or a TCS to int...

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