Payments banks pose risk to public lenders market share: Fitch

Last Updated: Thursday, August 20, 2015, 12:23

The proposed Payments Banks will increase competition for the public sector lenders and could also pose risks to their market share over the long-term, Fitch Ratings said Thursday.

What is Payment Bank and how does it work

Last Updated: Thursday, August 20, 2015, 09:38

Here is what you need to know about the functions of payment bank and what are the benefits you can avail from it.

Reliance, Airtel, Vodafone, eight others get RBI nod to set up payments banks

Last Updated: Thursday, August 20, 2015, 09:30

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.

Payments bank will bring millions unbanked into banking folds: Airtel

Last Updated: Wednesday, August 19, 2015, 22:30

Bharti Airtel Wednesday said the payments bank licence will help in bringing millions of unbanked Indians into the folds of banking services.

Payments banks important step; to expand rural banking: FM Jaitley

Last Updated: Wednesday, August 19, 2015, 20:11

RBI granting payments bank licences is a significant step which will bring in more money into the system and spread the reach of banking to rural areas, Finance Minister Arun Jaitley said Wednesday.

Deutsche Bank mulls selling India retail ops: Report

Last Updated: Wednesday, August 19, 2015, 19:51

Deutsche Bank is mulling selling its retail operations in the country as it undergoes a massive restructuring plan, a German daily has reported.

RBI gives nod to 11 including RIL, Airtel and Vodafone for payments bank

Last Updated: Wednesday, August 19, 2015, 18:25

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.

RBI cancels registration certificate of 7 NBFCs

Last Updated: Monday, August 17, 2015, 23:32

Reserve Bank has cancelled certificate of registration of seven non-banking financial companies (NBFCs) including that of Religare Finance Limited.

Arun Jaitley to inaugurate SBI's 2nd Banking & Economics Conclave on Tuesday

Last Updated: Sunday, August 16, 2015, 19:17

Finance Minister Arun Jaitley will inaugurate the second edition of the State Bank of India's Banking & Economics Conclave here on Tuesday.

India needs to cut political interference in state banks: FM Jaitley

Last Updated: Friday, August 14, 2015, 18:44

India needs to minimise political interference in public sector banks, Finance Minister Arun Jaitley said on Friday, as the government announced measures to improve the performance of state-run banks that are struggling with rising bad loans.

Investors optimistic, but cautious: Kotak Bank

Last Updated: Tuesday, August 11, 2015, 17:18

Investment banking major Kotak Mahindra Bank Tuesday said investors' expectations have tempered over the last year and they are more cautious now.

'India, China witness uptrend in mobile banking'

Last Updated: Monday, August 10, 2015, 17:07

Mobile banking has risen significantly in emerging market economies like India and China and the number of such users globally is expected to double in the next four years, a KMPG and UBS research says.