Imps

Manappuram Finance kick-starts doorstep gold loan delivery to customers in Delhi, Mumbai

The company will offer the doorstep gold loan facility across 50 branches each in Mumbai and in Delhi, it said in a release.

Digital payments: Lifting cap on ticket size of transactions will speed up sector growth

The trend seems to be accelerating ever since the Reserve Bank of India that regulates the payment industry allowed interoperability among payment service providers sometime ago.

Digital payment transcations rise over 3-fold at 207% to 244.81 cr in August 2018: IT Ministry

Existing payment modes such as debit cards, credit cards, Immediate Payment Service (IMPS) and Pre Paid Instruments(PPI) have registered substantial growth as well.

Narendra Modi to launch India Post Payments Bank on 1 September; to leverage reach of 1.55 lakh post office branches

The payment bank will be used by the government to distribute NREGA wages, subsidies, pension etc

India Post Payments Bank to start operations soon with 650 branches, 17 cr accounts

The payments bank will gradually link all 1.55 lakh post offices in the country to offer the service.

Paytm to invest Rs 5,000 cr over next 3 years to grow bank transfers, other payments facilities

Paytm is aiming to process Rs 60,000 crore in monthly bank transfers alone by the end of this year.

Digital transactions in India have crossed 1 billion mark indicates RBI report; UPI sees biggest growth

The 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.

SBI gives more time to associate bank customers to collect new cheque books; validity of old ones ends on 31 December

SBI customers can visit their nearest SBI branch for collecting new cheque book or they can log in to mobile banking app for the purpose

SBI changes names, IFSC codes of around 1,300 branches across major cities

Post the merger of its five associates, State Bank of India has changed names and IFSC codes of nearly 1,300 of its branches.

Digital payment up in India after demonetization; debit cards see a decline in usage

Investment banking firm Jefferies on Monday said there is growth in digital payment mode by bank customers post-demonetisation.