Payments Bank

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Payments Bank - Total results - 36
As big corporates shy away, can India Post get the payments bank model right?
Business

As big corporates shy away, can India Post get the payments bank model right?

The cost to set up and run operations far outweighs the benefits for the payments bank

Cabinet clears India Post's payments bank proposal
Business

Cabinet clears India Post's payments bank proposal

Government today cleared proposal to set up India Post payments bank with a corpus of Rs 800 crore and has plans to have 650 branches operational by September 2017, Telecom Minister Ravi Shankar Prasad said today.

3 firms drop off payments bank list: What is spooking the aspirants?
Business

3 firms drop off payments bank list: What is spooking the aspirants?

When the RBI commenced the licencing process for payments banks, the idea was to offer one more layer of payments services to the yet-to-be banked in the country.

Large corporates Shanghvi, Telenor, IDFC Bank back out from payments bank
Business

Large corporates Shanghvi, Telenor, IDFC Bank back out from payments bank

They are the second applicant to withdraw from the licence after Cholamandalam group pulled out of payments banks race a couple of months back

India Posts payments bank to launch by March 2017: Prasad
Business

India Posts payments bank to launch by March 2017: Prasad

Payments bank of Department of Posts is likely to become operational by March 2017, Communications and IT Minister Ravi Shankar Prasad said today

Tough challenges await Chandrashekhar Ghosh's Bandhan in its commercial bank avtaar
Business

Tough challenges await Chandrashekhar Ghosh's Bandhan in its commercial bank avtaar

Perhaps, it would have made more sense if Bandhan chose to become a small finance bank, since such an entity perfectly fits into the stated scope and objectives of the organisation

Payments bank licence to leverage telecom, retail business: RIL
Economy

Payments bank licence to leverage telecom, retail business: RIL

Payments bank licence will allow companies to collect deposits (initially up to Rs 1 lakh per individual), offer Internet banking, facilitate money transfers and sell insurance and mutual funds.

Post Bank of India may be dream as yet, but “imposters” wouldn’t wait
Business

Post Bank of India may be dream as yet, but “imposters” wouldn’t wait

When contacted, a senior official of the postal department too denied any connection with the website/blog

Government may take up ordinance route to set up Postal Bank
Business

Government may take up ordinance route to set up Postal Bank

The government is looking at taking the legislative route, by next month, to finalise the setting up of Postal Bank of India and will soon approach RBI to consider the postal department's application for banking licence.

Post Bank should be for poor; we don't want one more to feed corporate-political greed
Economy

Post Bank should be for poor; we don't want one more to feed corporate-political greed

Giving large value corporate loans shouldn't be the focus of PBI for its own good

Etail boom: India Post cashed in Rs 280 cr in a year from services to Flipkart et al
Corporate

Etail boom: India Post cashed in Rs 280 cr in a year from services to Flipkart et al

India Post is best suited to offer delivery services to e-commerce players, given its wide reach across rural, urban and semi-urban areas.

New RBI guidelines: India Post's long wait to become a bank may be finally over
Corporate

New RBI guidelines: India Post's long wait to become a bank may be finally over

The final guidelines on differentiated banks, spelled out by the RBI has paved the way for India post to fulfill its long-cherished dream of wearing the hat of a banker.<br />

Small, payment bank licences to be up for grabs this month: Who all will make the cut
Economy

Small, payment bank licences to be up for grabs this month: Who all will make the cut

These banks are expected to bring in a large chunk of the public, especially in rural areas and other places with low penetration, into the formal banking system

Why India Post shouldn't miss the chance to be a payments bank
Economy

Why India Post shouldn't miss the chance to be a payments bank

The Postal department has been fighting hard to enter the banking space, but has consistently failed to do so, caught up in a bitter, long-drawn battle with the finance ministry. Part of the reason why Postbank wants to become a bank is improving its financial prospects.

RBI spells out draft norms to set up payments banks, small banks: What you need to know
Economy

RBI spells out draft norms to set up payments banks, small banks: What you need to know

The Reserve Bank of India (RBI) on Thursday spelled out norms to set up payments banks in India that will give a major push for financial inclusion, or the process of spreading banking services in the unbanked segments, in Asia's third largest economy.