Payments Bank

Friday, Apr 26, 2024 | Last Update : 11:33 PM IST

As per the extant guidelines, the variable pay is capped at 70 per cent of fixed pay but did not include ESOPs. (Photo: File)

RBI proposes new compensation norms for top officials of private, foreign banks

In January 2012, the Reserve Bank had issued the compensation guidelines for implementation by pvt sectr, foreign banks from the FY 2012-13.

26 Feb 2019 10:30 AM

Airtel Payment Bank, India's first payments bank, has announced that its customers can now make card-less cash withdrawals at over 100,000 ATMs across India.

Airtel Payments Bank enables card-less cash withdrawal at ATMs

Airtel Payments Bank has partnered with Empays, a global provider of cloud based payment solutions.

07 Sep 2018 12:43 PM

State Bank and Reliance Jio, which are partners in a payment bank venture, on Thursday extended the same to the digital payments space that will help ramp up the nation's largest lender's digital customer base multi-fold. (Photo: AFP)

SBI, Jio extends partnership to digital payments area

SBI and Jio has a joint venture for payment bank- Jio Payments Bank.

02 Aug 2018 7:49 PM

The new model of banking allows mobile firms, super market chains and others to cater to banking requirements of individuals and small businesses.

India Post to start payments bank soon

IPPB will go live with 650 branches in addition to 3,250 access points co-located at post offices.

30 Jul 2018 9:29 AM

Paytm Payments Bank announced on Monday that it now has over 100 million KYC wallets, against the constant campaigning done by bank about the benefits of the Know Your Customer (KYC) system.

Paytm Payments Bank registers 100 million KYC wallets

The bank has introduced several options that include Paytm KYC centers and 'Paytm-Ka-ATM'.

23 Apr 2018 3:40 PM

At present, IPPB will leverage the DOP ATMs for its banking operations, which are already connected with network of ATMs of other banks.

All 650 India Post Payments Bank branches by April: Sinha

India Post received permit from Reserve Bank of India on January 20, 2017 to roll out payments bank.

07 Mar 2018 5:05 PM

The bank's physical debit cards can be ordered online via the Paytm app.

Paytm Payments Banks launches physical RuPay Debit Cards

Debit Card holders can also withdraw money from any ATM in the country.

19 Jan 2018 2:49 PM

This facility allows Paytm Payments Bank customers' to redeem their deposits instantly, anytime without paying any pre-closure or miscellaneous charges. (Photo: Representational Image)

Paytm Payments Bank customers can now avail high-return fixed deposits

New offering provides hassle-free and paperless experience for Paytm Payments Bank customers.

09 Jan 2018 11:34 AM

Payments bank will use local banking correspondents to help customers in depositing and withdrawing money from their Paytm Payments Bank account.

Paytm Payments Bank to set up 1 lakh ATM points

Paytm Payments Bank has already committed Rs 3,000 crore, to be invested over next three years.

06 Dec 2017 10:48 AM

The report also claims that Mukesh Ambani, Chairman of Reliance Industries Limited, wanted the service alongside the JioPhone which was launched in July.

Reliance Jio to launch its own payments bank in December

The Payments Bank is said to be a joint venture between Reliance and State Bank of India.

11 Oct 2017 12:10 PM

Paytm Payments Bank board approves Rs 60 cr rights issue

Payments banks can accept deposits from individuals and small businesses up to Rs 1 lakh per account.

06 Sep 2017 9:22 AM

Company will transfer its wallet business, which has over 218 million mobile wallet users, to the newly incorporated entity – PPBL.

Paytm to start payments bank operations from May 23

Payments banks can accept deposits from individuals and small businesses up to Rs 1 lakh per account.

17 May 2017 9:55 AM

Airtel, Ola tie-up to roll out integrated digital offerings

Ola will leverage Airtel's integrated suite of enterprise services to power its operations.

08 May 2017 4:18 PM

Chairman of the Aditya Birla Group, Kumar Mangalam Birla. (Photo: PTI)

Aditya Birla Group gets RBI licence to start payments bank

Aditya Birla Idea Payments Bank will be launched in the first half of 2017.

04 Apr 2017 7:01 PM

Paytm hopes to start payments bank by month-end

Company founder says greater penetration of mobile Internet connectivity will further grow its business.

17 Mar 2017 5:11 PM

India Post is starting its India Post Payments Bank.

India Post Payments Bank set to start operations

India Post Payments Bank is the third entity to receive payments bank permit after Airtel and mobile wallet Paytm.

04 Feb 2017 10:45 AM

New model of banking allows mobile firms, supermarket chains and others to cater to banking requirements of individuals and small businesses.

India Post received payments bank licence

Payments banks can accept deposits up to Rs 1 lakh per account from individuals and small businesses.

28 Jan 2017 4:07 PM

Paytm Payments Bank is aimed to build a new business model in banking industry, focussed on bringing financial services to hundreds of millions of unserved or underserved Indians.

Paytm to formally launch payments bank

The e commerce firm received final approval from Reserve Bank of India for opening.

03 Jan 2017 9:06 PM

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Sunil Gatade

payments bank