Latest News on Npci
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Npci - Total results - 120
Nov 08, 2018
2 years of demonetisation: Note ban decision targeted black money outside India and formalised economy, writes Arun JaitleyDemonetisation is a key step in a chain of important decisions taken by the Government to formalise the economy. The Government first targeted the black money outside India. Asset holders were asked to bring this money back on payment of penal tax.
Nov 01, 2018
SEBI to introduce alternative payment mechanism for retail IPO investors from January; move will cut listing timeAs a part of the continuing efforts to further streamline the process, SEBI has decided, in consultation with the stakeholders to introduce the use of UPI as a payment mechanism with Application Supported by Block Amount (ASBA) for applications in public issues by retail investors through intermediaries.
Oct 01, 2018
Digital payments: Over 400 mn UPI transactions worth Rs 59,835 cr clocked in September; up 30% over AugustMonthly transactions through unified payments interface (UPI) increased by more than 30 percent month-on-month to 405.87 million in September, totalling over Rs 59,835 crore in value, according to the National Payments Corporation of India (NPCI) data.
Sep 03, 2018
UPI payments transactions up 32% month-on-month in August, cross 300-million mark worth Rs 54,212.26 croreThe number of transactions via UPI grew 32 percent to 312.02 million over the previous month amounting to Rs 54,212.26 crore, according to NPCI website.
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
Aug 17, 2018
RBI Governor Urjit Patel unveils UPI 2.0 version; will allow customers to use overdraft limit for making payments to merchantsThe second version of the Unified Payments Interface (UPI) will also enable customers to check the invoice sent by merchant prior to making payment
Aug 15, 2018
Cosmos Bank fraud: National Payments Corporation says its systems fully secure, monitoring situation closelyHackers managed to siphon off over Rs 90 crore through a malware attack on the server of Cosmos Bank.
Aug 14, 2018
Pune based-Cosmos Bank's server hacked; Rs 94 cr siphoned off in two daysThe fraudulent transactions were carried out on 11 August and 13 August through 25 ATMs located in Canada, Hong Kong and a few in India.
Aug 06, 2018
PM Narendra Modi to launch India Post Payments Bank on 21 August; to target one branch in every districtThe India Post Payments Bank app which is expected to be launched on the same day will enable customers to pay for services of around 100 firms including phone recharges and bill, electricity bill, DTH service, college fees, etc., that are present on Bharat Bill payments system of NPCI
Jul 04, 2018
UPI payment transactions up 30% month-on-month in June to over 246 mn, says NPCI dataThe total value of these UPI transactions stood at Rs 40,834.03 crore in the month of June as compared to Rs 33,288.51 crore in the preceding month, NPCI said.