Infosys launches solutions for small finance, payments banks

Last Updated: Wednesday, September 2, 2015, 16:00

The two products -- Finacle Payments Bank and Finacle Small Finance Bank solutions -- are part of EdgeVerve Systems, the product subsidiary of Infosys, the country's second largest software services firm.

Payments banks Rs 14 lakh cr bonanza for infra sector

Last Updated: Sunday, August 30, 2015, 11:38

Payments banks can annually free up a whopping Rs 14 trillion in incremental credit for the fund-starved infrastructure sector, says a SBI Research report.

Payments banks could make banking sector be a 'dog-eat-dog' market: SBI chief

Last Updated: Monday, August 24, 2015, 22:50

State Bank of India (SBI) chief Arundhati Bhattacharya Monday again expressed fears over the entry of payments banks, saying they are agile and have an edge as they are not bound by industry-level wage agreements which can lead to 'a dog-eat-dog's world'.

SBI developing low-cost model to counter payments banks

Last Updated: Friday, August 21, 2015, 23:18

Country's largest commercial banking entity State Bank of India (SBI) is now developing a low-cost model to compete with payments banks.

Payments bank licence to leverage telecom, retail biz: RIL

Last Updated: Friday, August 21, 2015, 19:30

RIL on Friday said the payments bank licence will "leverage" its telecom business Reliance Jio's pan-India network and retail arm's model, even as its tie-up with SBI will help create the most extensive distribution network in India.

Payments banks may ring in better days for insurers, MFs

Last Updated: Thursday, August 20, 2015, 23:41

Insurers and fund houses see payments banks (PBs) as a boon for the sector as opportunities of cross-sell would help deepen their reach in rural areas.

Payments banks to strengthen financial ecosystem: Kochhar

Last Updated: Thursday, August 20, 2015, 16:10

With RBI announcing 11 licences for payments banks, top private sector lender ICICI Bank on Thursday said the entry of these new entities would strengthen the overall financial ecosystem and also benefit existing banks.

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.

India Post says open to partnerships for payments bank

Last Updated: Thursday, August 20, 2015, 12:16

Having secured RBI's nod to set up a payments bank, the Department of Posts has said it is open for partnership in this new venture and is in talks with some telecom companies.

Small finance bank licences next month: Raghuram Rajan

Last Updated: Thursday, August 20, 2015, 11:16

Rajan said that RBI would announce small finance bank licences next month.

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.

Prasad wants Department of Post to become vehicle of financial inclusion

Last Updated: Wednesday, August 19, 2015, 20:16

Armed with a payments bank licence now, the postal department should gear up to become a vehicle of financial inclusion in the country, Communications and IT Minister Ravi Shankar Prasad said Wednesday.