Anup Bagchi, Executive Director, ICICI Bank said, “These new propositions will help Ola’s driver-partners to manage their finances in a better way, while also enable customers of Ola to get easy access to instant credit in a simple manner."
From experimentation of use cases on the Block chain technology, AI and Machine Learning to bolstering operations through Bots, the industry is today geared to embrace challenges
Digital revolution will truly take place only when the infrastructure for mass public interaction areas like tolls, transit and retail are fully automated and digitized
Banks will look at finding their niche but focus will remain on their core lending and deposit business
The European Court of Justice (ECJ) ruled Wednesday that the U.S. ride-hailing app is a transportation firm and not a digital company. The verdict is a long-awaited judgment expected to have major implications for how Uber is regulated throughout Europe.
In an effort to boost digital payments, the Union Cabinet has decided to waive the merchant discount rate (MDR) applicable on all debit cards, BHIM and UPI transactions up to Rs 2,000.
In order to boost debit card usage for payments, the RBI on Wednesday that it will rationalise the framework for the MDR applicable on debit card transactions.
The quest for an open and accessible Internet, he said, often leads to vulnerabilities like cyber attacks, and a major focus area should be training of well-equipped professionals to counter cyber threats.
Prime Minister Narendra Modi's push to digitize the Indian economy has seen the introduction of Aadhaar — a unique identification number based on biometric information issued to residents of India — and attempts to reduce dependency on physical cash, although last November's surprise demonetization drive caused plenty of disruption.
The Reserve Bank of India is soon likely to issue clarifications on the guidelines for peer-to-peer (P2P) lending platforms relating to the lending limits, trusteeship and other operational norms.
Paytm customers can get access to instant credit for everyday use-cases ranging from movies to bill payments to flights to physical goods
At Gurugram in a conclave titled Vichar Manthan over two-days, seven groups led by a PSB chief executive officers will give presentations on topics such as credit growth, NPAs and insolvency, digital payments and financial inclusion, responsible and responsive banking, among others.
"Excessive dependence on cash has its cost. It is not just cost but it is a curse on both society and economy," he said at an event organised by Punjab National Bank (PNB) here.
According to a global survey by KellyOCG, about 55 per cent of respondents comprising 522 companies across the globe (including India), believe that digital innovation for recruitments is going to be the new normal.
"Digital transaction can check corruption and bring transparency along with solving unemployment problems," Gohain, the Minister of State for Railways said while participating in the Mudra Promotion Campaign organised here.
Spread over 44,000 sq ft, the space will allow Amazon India's sellers (right from international brands like Marks and Spencer to smaller players) access digital imaging facilities.
SC stayed insolvency proceedings against Jaypee Infratech, RBI declared HDFC Bank as “too big to fail bank” but RBI’s former head Raghuram Rajan stole the cake talking about demonetisation at the launch of his book “I Do What I Do”
In a letter to Finance Minister Arun Jaitley, Confederation of All India Traders (CAIT) has said the linkage of digital payments with sale of liquor could also curb black money to a great extent.
Talking to senior bank officials here, Das said making new Jharkhand would assist in Prime Minister Narendra Modi’s dream of new India and the role of banks would become important.
Responsible lending aims at making a better and safe marketplace for all the lenders and borrowers so that there is no exploitation of the people and technology helps to maintain that relationship
Dilip Asbe will be the CEO-in-charge till a new incumbent assumes charge. Hota was the first MD & CEO of NPCI since August 23, 2010.
India needs to have its own platform for easy and dependable services, say experts
Following the transaction, SBI and Carlyle will own 74 percent and 26 percent, respectively in each of the two entities. According to reports, Carlyle was in talks to buy the 26 percent stake for Rs 2,000 crore.
Innoviti Payment Solutions backed by Infosys co-founder N.R. Narayana Murthy-promoted Catamaran Ventures, has raised Rs 120 crore (about USD 18 million) in its second round of funding from SBI-FMO and Bessemer Venture Partners