Payment Banks

Fino is a specialised bank that provides services in a cost effective way with the help of technology

Sebi allows payments banks to act as investment bankers

Non-scheduled payments banks, which have prior approval from the Reserve Bank of India (RBI), will be eligible to act as a banker to an issue (BTI), Sebi said in a circular.

SEBI may open one more avenue for retail investor to buy shares in IPOs

The aim is to ease the effort involved in subscribing for new share sales and allow investors in smaller cities and towns to buy stock

'Timely and bold': Hinduja Group's Ashok Hinduja welcomes RBI report on private bank ownership

Hinduja opined that IWG's report rightfully puts a greater onus on the promoter shareholders to exercise oversight through a higher shareholding limit of 26 percent, with commensurate voting rights.

Paytm Mall only a platform, no plans to become retailer: CEO

Paytm CEO Vijay Shekhar Sharma said that the company will be leveraging the e-commerce arm as its primary bet in the market and is not looking into expand its payment business just yet.

How to transact payments from your phone without internet

The government is trying to push for inexpensive ways of going completely cashless with or without the use of internet.

Product innovation key for payment banks' success: EY report

Low-value investment and goal-based savings products can inculcate a savings habit, which in turn, will prove beneficial for payment banks as well as overall financial system, says a report.

For e-wallet providers, survival is the name of the game

Currently, about 90 percent of transactions happen in cash -- which means service providers of e-wallets can get a lot of skin in the game. But the fact that payment service providers are struggling shows that they have a long way to go. Digitisation alone won't help. They have to relook their business model.

Buyers for stressed assets hard to find: ICICI Bank

Strategic debt restructuring is a useful tool, said Kochhar, adding, the bank has successfully managed to find a buyer for one of the companies it had invoked the restructure for.

'Volume growth to balance pressure on NIMs due to payment banks'

Speaking to CNBC-TV18, Ajay Srinivasan CEO of Aditya Birla Financial Services says that payment banks will benefit from tie-ups with telecom companies as it will give them access to established customer base and infrastructure facilities.

Payment banks no threat to private sector banks: Franklin

In an interview to CNBC-TV18, R Sukumar, MD and CIO, Asian Equities, Franklin Templeton Investments, says consumption growth next year is likely to be stronger. However, the recovery in investment cycle could be slower, even as we are at the start of a cyclical upturn in the economy, he says

How digital revolution can push financial inclusion

In a CNBC-TV18 panel interview, a number of star speakers came together to discuss what India is and can do to push financial inclusion through the digital revolution.

Scope for 25-50 bps fall in lending rates: HDFC Bank

HDFC Bank's Sukhthankar says the cyclical factors for creation of non-performing loans may have played out, but some borrower-specific issues still remain. On the entry of small banks and payment banks, Sukhthankar says the market is large enough to accomodate additional players.

Tech revolution to upend India investing story: Samir Arora

Samir Arora, founder and fund manager of Helios Capital, does not expect small banks to create value for shareholders. He explains this by saying scalability is important.

Won't see many downgrades as expectations muted: iPru AMC

The stock market is unlikely to witness too many earnings downgrades from hereon as it is going into the second quarter earnings with muted expectations, says Manish Gunwani, senior fund manager with ICICI Prudential Asset Management Company.

Big pvt sector spend 12-15 months away: HDFC Bank's Puri

Between conception and change in sentiment and that affecting GDP is a 12-15 month period, says Aditya Puri. He says traditional banks do not have to worry about the entry of payment banks as demand exceeds supply for financial services at this point

Expect Paytm to go international in 3-5 yrs: Founder

In an interview with CNBC-TV18, Vijay Shekhar Sharma, Paytm's Founder said he hopes to grow deposits and that the company has outlined USD 200 million plus investment in first three to five years.

Why payments, small banks will revolutionise banking system

While payment banks, driven by mobile connections and technology, will extend the liabilities side of the business by making banking accessible to everyone, small finance banks will enable more focused lending to small businesses and borrowers, thus extending the assets base of the banking system.

Is it the right time to invest in banks?

Bank Nifty has fallen nearly 14 percent year-to-date and almost 23 percent from its all-time highs.

Payment banks can be bane to already struggling PSU banks

If bad loans are blighting their assets, soon payment banks will be stealing their low-cost deposit bases, as State Bank Chairman Arundhati Bhattacharya said the other day. This means their cost of funds will rise as competition for funds gets sharper, making it even tougher for them to provide for bad loans through higher profitability.

Are payment banks threat or allies to regular banks?

Raghuram Rajan said payment banks could be allies to regular banks in reaching banking to remote areas where there can be no branches, SBI chief Arundhati Bhattacharya thought they could intensify competition to the deposits sphere and eat into their margins.

Payment banks: How it will revolutionise money movement?

Eleven private parties were given licences to set up "payment banks" - banks which can do everything a regular bank can do - take deposits, pay bills, issue cheques and drafts.

Steel NPAs manageable; Amtek exposure Rs 1200 cr: Bk of Mah

In an interview with CNBC-TV18, Executive Director of Bank of Maharashtra R Athmaram says that NPAs in the steel sector are manageable. He expects the bank's NPA situation to improve in coming two quarters.

Market oversold, banks spooked but good play: Choksey

Although fundamentally nothing has changed, Bank Nifty got hit by fears of payment banks eating into deposits of big banks, says Deven Choksey. He says market in general has fallen because of rupee decline which is chasing out hot money.