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Users of both platforms can now make payments at any of the TWIDs partner brands using their Ola Money wallet balance and the postpaid balance in a single click checkout.

Rewards-based payments platform TWID enters in strategic alliance with...

Customers can make purchases at any of the TWID's partner brands with their Reward Pool, Ola Money wallet in a single...

29 Nov 2019 6:08 PM IST

Extensive process of performing thorough background checks on customers which earlier used to take 4-5 days can now be done in just 3 minutes.

Customer authentication at banks in just 3 minutes

This first-of-its-kind solution aims to revolutionise banking thereby curbing frauds and enhancing digital customer...

29 Nov 2019 4:16 PM IST

DHFL is currently classified as stressed account but will slip into becoming a Non-Performing Assets (NPA) by December 31 unless a resolution is found.

Govt not planning to help banks rescue shadow lender DHFL: sources

DHFL's creditors include mutual funds, pension funds, insurance firms and a wide array of retail investors.

7 Nov 2019 1:30 PM IST

In India, banks will face the maximum pressure on income from card transactions and fees, with free payments putting 8.4 per cent of the payments revenue at risk.

Bank credit growth to moderate to 8.5 pc in FY20: Icra

Icra expects year-on-year credit growth to decline to 6.2-6.8 per cent in FY20 from 13.5 per cent in the last financial...

4 Nov 2019 3:35 PM IST

Reserve Bank of India (RBI) deputy governor R Gandhi.

Banks confused on biometric use post Aadhaar verdict: Ex-RBI deputy...

Gandhi urged researchers to pay special focus on burning issues such as data security.

22 Jan 2019 5:57 PM IST

The agenda going forward is clear: The banks have to regain the confidence of investors so that they can raise funds from the capital markets and not be dependent on government. (Representational image)

Govt keen to pare stake in banks to 52 per cent, but capital infusion...

State Bank of India has already initiated steps for a Rs 20,000-crore share sale through qualified institutional...

15 Jan 2019 2:14 PM IST

Jet Airways stock ended the day at Rs 604.35, down 1.55 per cent from the previous close on BSE.

Indian banks propose USD 900 million turnaround plan for Jet Airways:...

Naresh Goyal and Etihad Airways are likely to infuse USD 450 million together in Jet Airways.

9 Jan 2019 11:00 AM IST

Visiting Venezuelan Foreign Minister Jorge Arreaza said in New Delhi on Monday that Venezuela wants trade with India in oil and other commodities such as food and medicines to be conducted in Indian Rupees and not in US Dollars. (Representational image)

Additional fund infusion to help banks lower NPAs: report

The overall capital infusion into state-run banks during FY15-FY19 stands at Rs 2.56 trillion.

8 Jan 2019 5:05 PM IST

Radha Rama Dorai, the MD for ATM and allied services for FIS, said there is a likelihood of an imbalance between the supply of the new notes and the withdrawal of the old notes, especially in the hinterland.

Dry ATMs: Par panel nudges RBI to fix the problem

As per a data of RBI, there were 2,21,492 Automated Teller Machines (ATMs) in the country as at September-end 2018.

7 Jan 2019 11:34 AM IST

Rafale deal has protected both security and commercial interest of India. Allegations on Rafale was fiction writing that was compromising national security, Finance Minister Arun Jaitley said. (Photo: ANI)

Banks likely to recover bad loans worth Rs 700 bn by March-end:...

Lenders have so far recovered 80,000 crore rupees from the resolution of 66 cases, he added.

3 Jan 2019 2:32 PM IST

Finance Minister Arun Jaitley clarified confusions posed due to allegations on the Rafale aircraft deal saying the government has maintained complete transparency in the matter and the negotiations have helped bring down the costs of the fighter jets. (Photo: ANI)

You don't get away by not paying back to banks: Jaitley

Reforms in the banking sector are necessary to make public sector banks compete with private banks, says FM

28 Feb 2019 5:38 PM IST

The needless controversy between the government and the RBI is a direct consequence of economists without any practical experience in administering policies at a high level being inducted to executive positions.

Single deposit of Rs 2 crore, more to qualify as 'bulk deposit', says...

Interest rate on bulk deposits are marginally higher than smaller-amount fixed deposits for similar maturity period.

7 Feb 2019 2:07 PM IST