Latest News on Imps
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Imps - Total results - 15
Aug 22, 2018
Narendra Modi to launch India Post Payments Bank on 1 September; to leverage reach of 1.55 lakh post office branchesThe payment bank will be used by the government to distribute NREGA wages, subsidies, pension etc
Jul 30, 2018
India Post Payments Bank to start operations soon with 650 branches, 17 cr accountsThe payments bank will gradually link all 1.55 lakh post offices in the country to offer the service.
May 15, 2018
Paytm to invest Rs 5,000 cr over next 3 years to grow bank transfers, other payments facilitiesPaytm is aiming to process Rs 60,000 crore in monthly bank transfers alone by the end of this year.
Jan 10, 2018
Digital transactions in India have crossed 1 billion mark indicates RBI report; UPI sees biggest growthThe RBI report says that UPI transactions were only 2 million in December 2016 and by December 2017 that number had risen to 145.5 million.
Dec 27, 2017
SBI gives more time to associate bank customers to collect new cheque books; validity of old ones ends on 31 DecemberSBI customers can visit their nearest SBI branch for collecting new cheque book or they can log in to mobile banking app for the purpose
Dec 10, 2017
SBI changes names, IFSC codes of around 1,300 branches across major citiesPost the merger of its five associates, State Bank of India has changed names and IFSC codes of nearly 1,300 of its branches.
Sep 25, 2017
Digital payment up in India after demonetization; debit cards see a decline in usageInvestment banking firm Jefferies on Monday said there is growth in digital payment mode by bank customers post-demonetisation.
Jul 20, 2017
Digitisation drive: UPI is gaining currency among users but concerns of tech glitches, frauds remainOne of the highlights of UPI is that a user needs to get a virtual address and there is no need to reveal phone numbers or transfer money to a wallet
May 24, 2017
Paytm launches niche payments bank offering 4% interest, to open 31 branches initiallyAs many as 11 companies including Reliance Industries and India's top three telecom operators were in 2015 permitted by the Reserve Bank of India (RBI) to set up payments banks which can take deposits and remittances but cannot lend.
May 12, 2017
SBI to allow ATM withdrawals via e-wallet at Rs 25 per transactionFor cash deposit of up to Rs 1,000 into its mobile wallet through business correspondents, the bank will levy a service charge of 0.25 per cent (minimum Rs 2 and maximum Rs 8) plus service tax.