Payment Banks

Year end rant 2016: Technology has never been this political in India

The growth that is now coming in, and is set to come in, is not through incentives but enforcement: people aren’t being given a choice.

RBI issues operating guidelines for payment banks, small finance banks

Small Finance Banks will have to follow norms relating to minimum balance, inoperative accounts, nominations, and cheques/drafts.

With new age banks set to make a splash, it's time for incumbent lenders to be aggressive

As the promoter of public sector banks, the government has no time to waste. If it does not give banks financial autonomy, recapitalise them fast, and also lay out the roadmap for future privatisation

Will not dilute mission when Ujjivan becomes a small finance bank, says founder Samit Ghosh

Ghosh doesn’t believe that the entry of new set of banks will be the end of life for MFIs. Microlenders will survive partnering with the new set of banks

Why small and payment banks will be a pincer attack on India's banking oligopoly

With the RBI announcing an "in-principle" grant of small bank licences to 11 non-bank financial institutions, the mainstream banks will face competitive pressures both on the liabilities and assets sides of their businesses.

Nasscom sees 'massive opportunity' for IT firms in small payment banks

Tech Mahindra has successfully bagged a payments bank licence, along with 10 others from a diverse set which includes telecom majors and large corporates.

Some PSU banks are dead ducks: Modi has to rethink his aversion to the P-word

Competition is set to intensify for public sector banks, and some of them will be dead ducks unless the Modi government either privatises or downsizes them to become narrow banks

Payments banks to change banking habits of Indians: Jaitley

Jaitley said banking network is expanding hugely and the health of banks reflects on the challenges for the economy.

SBI chief is more right than Raghuram Rajan on the threat from payment banks

Payment banks are no small threat to public sector banks, with their high costs structures.

It is a big deal. Why payment banks will change the banking game for you and me

When the big boys - from Reliance to Birlas to Mahindras to the big telcos like Airtel and Vodafone - enter the picture, surely it is a big deal. Yes, payment banking will revolutionise Indian banking