ABNL forms JV with Idea Cellular for payments bank
Aditya Birla Nuvo Ltd (ABNL) on Friday announced formation of a joint venture with group firm Idea Cellular to set up a payments bank.
Feb 19, 2016, 18:27 PM IST
Postal dept has overtaken SBI on digital connectivity: Prasad
The postal department has surpassed the country's largest lender, SBI, in terms of digital connectivity even before its payments bank launch, Union IT and Communications Minister Ravi Shankar Prasad Monday said.
Feb 15, 2016, 15:15 PM IST
New banks to complement existing banking system: Chanda Kochhar
Ruling out any competition to full-service banks from payments and small finance banks, top banker Chanda Kochhar has said they can actually complement the existing banking system and ICICI Bank will explore opportunities for mutually beneficial partnerships.
Jan 24, 2016, 19:33 PM IST
PIB likely to approve India Post's payments bank proposal
The Public Investment Board (PIB) on Tuesday discussed the Rs 800-crore proposal from the India Post for setting up a payments bank and the final approval on the same is expected in the next meeting.
Jan 19, 2016, 20:19 PM IST
IDFC Bank goes live with 'soft launch' of 23 branches
IDFC Bank Thursday went live with a "soft launch" at 23 locations, including 15 branches in rural Madhya Pradesh, becoming the 91st scheduled commercial bank in the country.
Oct 01, 2015, 21:36 PM IST
DoP to seek Cabinet nod for Rs 292 cr to set up payments bank
The Department of Posts (DoP) is expected to seek Cabinet nod within two months for raising Rs 292 crore from public investment board to set-up payments bank, for which it has already got the RBI approval.
Sep 27, 2015, 11:56 AM IST
Paytm plans to launch payments bank by March
Mobile payments and commerce company Paytm founder and CEO Vijay Shekhar Sharma, who received in-principle nod from the RBI to set up a payments bank, is planning to start the bank this fiscal year itself.
Sep 23, 2015, 21:02 PM IST
Small Finance Bank licence holders start hunt for investors
With RBI granting in-principle approval to 10 entities to operate as Small Finance Banks, many of the successful bidders today said they will start the process of roping in investors.
Sep 16, 2015, 22:56 PM IST
SBI chief takes U-turn, says payments banks 'opportunity' for all
In a U-turn from her earlier stated position on the entry of payments banks, SBI chief Arundhati Bhattacharya Tuesday said there is nothing negative about them and there is a huge opportunity for the entire banking system.
Aug 25, 2015, 23:31 PM IST
Payments banks may ring in better days for insurers, MFs
Insurers and fund houses see payments banks (PBs) as a boon for the sector as opportunities of cross-sell would help deepen their reach in rural areas.
Aug 20, 2015, 23:41 PM IST
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.
Aug 20, 2015, 21:08 PM IST
Vodafone says will offer comprehensive financial services
Vodafone India Wednesday said the payments bank licence will enable it offer a comprehensive portfolio of banking and financial products and services, accelerating India's journey into a cashless economy.
Aug 19, 2015, 23:49 PM IST
Payments bank will bring millions unbanked into banking folds: Airtel
Bharti Airtel Wednesday said the payments bank licence will help in bringing millions of unbanked Indians into the folds of banking services.
Aug 19, 2015, 22:30 PM IST
Payments bank to be operational before 18-month deadline
Enthused by the grant of payments bank licence, the successful applicants Wednesday said they would launch the services ahead of the 18-month deadline prescribed by the Reserve Bank.
Aug 19, 2015, 22:24 PM IST
Hope for RBI nod to payments bank by July-August: Prasad
Communications and IT Minister Ravi Shankar Prasad on Tuesday said he hopes that the Reserve Bank of India will give permission to set up payments bank by July-August this year.
Jun 02, 2015, 17:46 PM IST
Pay Point aspires to be a universal bank: Meghani
Payment solutions company Pay Point India, which is awaiting Payments Bank licence, has said Sun Pharma's ED Sudhir Valia will hold minority stake in the entity that aspires to become a universal bank in 3-5 years.
Mar 22, 2015, 10:49 AM IST
RIL teams up with SBI for payments bank
Looking to foray into banking business, Reliance Industries has teamed up with state-run behemoth SBI to apply for a payments bank licence.
Feb 02, 2015, 15:59 PM IST
Axis Bank in talks for tie-up with payments bank
Private sector lender Axis Bank is open to partnering a payments bank and is in talks with a few aspirants for a potential partnership, according to a senior official.
Dec 28, 2014, 12:42 PM IST
