Payment Bank

Profit seems to be passé, but healthy growth in key operating metrics in FY22

Why the steep fall in stock price does not make Paytm attractive

Concern for Paytm is not just limited to its lofty valuation and lack of profitability

GST unit cracks down on 3 private banks, 1 payment bank for Rs 100-cr tax evasion

The entities are suspected of evading GST by under-reporting the value of the funds transferred for customers.

NSDL to launch payment bank's operations soon

NSDL has already obtained license from the apex bank and filed an application seeking clearance for launching operations, its managing director and CEO GV Nageswar Rao told reporters here.

Fino Paytech gets final nod to set up payments bank

Fino is the fourth player making entry into the payments bank space.

Digitisation integral part of co; focus on B2B seg: Tech Mah

The company has been an integral part of digitisation and will continue to expand their horizons, said CP Gurnani, MD & CEO, Tech Mahindra.

There is clear recognition that payment bank is low-risk: Paytm

Shinjini Kumar of Paytm Payment Bank said the guidelines for payment banks are very progressive. There is a clear recognition that payment bank is a low-risk model and it would succeed when it has flexibility, she said, adding that players can differentiate themselves.

Tech Mahindra Q4 net up 18% at Rs 897cr, drops payment bank plan

Tech Mahindra today decided to drop its payment bank plan. It had received approval from the RBI for setting up a payment bank on August 20, 2015.

Five ways to save on ATM charges

With ATM usage becoming charged, many people have successfully transformed the way they use their bank ATMs. Use these tricks to optimize your ATM use.

IDBI keen to tie up with NSDL for payments bank

NSDL is one of the applicants who has received in-principle approval from RBI to set up a payment bank last year

Postal Dept to open 1,000 ATMs by March this year

The Department of Posts (DoP) plans to open 1,000 ATMs and bring all 25,000 departmental post offices under core banking system by March this year.

Aim to launch payment bank early next year: Paytm

In an exclusive conversation with CNBC-TV18's Archana Shukla, Paytm founder Vijay Shekhar Sharma says although they were not ready for a launch earlier, the team is up and running now.

Mkt to be stable hereon; eye auto, banking, NBFCs: Choksey

Deven Choksey of KR Choksey Investment Managers told CNBC-TV18 that the Indian market has seen everything like withdrawal of cash and fall in currency and that market will stabalise in the September to December period.

Bank licences: Can 'fit and proper' be non-discretionary?

In August, the Reserve Bank of India (RBI) today granted in-principle nod to 11 payment banks applicants. The RBI had received 41 applications for payments banks.

Raghuram Rajan completes 2 years as RBI chief: How he fared

CNBC-TV18 polled a cross-section of regulators, economists, bankers and fund managers to get a sense of how they will rate Rajan's two years at the central bank.

Payments banks can disrupt banking industry: AmEx

Marquee credit card company American Express is open to investing in a number of "win-win" partnerships and is watching the startup space with great interest, says the company's South Asia President Sanjay Rishi.

Looking to launch payment bank at the earliest: Airtel

Bharti Airtel, one of the company which was granted the approval, is looking to launch its payment bank services at the earliest, says Director of Consumer Business Srini Gopalan.

Will use 'click & brick' model for payments bank: Mahindra

Tech Mahindra was among the 11 entities successful applicants that received the Reserve Bank's nod to set up payment banks as part of financial inclusion drive.

RBI grants in-principle nod to 11 cos for payment banks

The central bank has approved applications of National Securities Depository Limited (NSDL), Reliance Industries, Aditya Birla Nuvo, Airtel M Commerce among others.

Mahindra Finance eyes 50% stake in proposed Payment Bank

Tech Mahindra, a subsidiary of Mahindra & Mahindra, has applied to the Reserve Bank for a permit to set up Payment Bank, the licences for which are expected to be granted in the next few months.

Payworld to invest Rs 100 crore to expand retail footprint

Smart Payment Solutions, a 100 percent subsidiary of Payworld, has applied for a payment bank licence to further strengthen its presence in digital payment space and domestic money remittance segment.

Oxigen to raise $200 mn for major expansion drive

The firm is also eyeing a large share of the remittances market and prepares the ground for launching a payments bank.

Budget 2015 Live: Postal Dept to use its network for proposed Payment Bank

"I hope postal department will bring the proposed Payment Bank venture successfully so that it can contribute in Pradhan Mantri Jan Dhan Yojana," Jaitley said while presenting the Budget for 2015-16 in Parliament.

Vodafone India applies for payment bank licence

Small finance bank will primarily undertake basic banking activities of acceptance of deposits and lending to unserved and under-served sections.

Payment bks to see real earnings only after 3-4 yrs: Parekh

Ashvin Parekh, Managing Partner at Ashvin Parekh Advisory Services, feels telecom companies will be able to emerge as good payments banks and expects large conglomerates and retail companies to be successful.