Paytm Payments Bank Ltd (PPBL) became the largest and fastest-growing UPI beneficiary bank in India. It becomes the first beneficiary bank in the country to achieve the landmark of over 926 million UPI transactions in a single month. Beneficiary banks are the banks of ...

SBI invests $20 mn in payment solutions provider Pine Labs: India’s largest lender, the State Bank of India has invested $20 million (Rs 150 crore) in Pine Labs Pvt Ltd. Pine Labs has planned to invest the new funds in scaling Plural, its newly launched brand of online payment ...

The Reserve Bank of India (RBI) has included Airtel Payment Bank in the ‘Second Schedule to the Reserve Bank of India Act, 1934’ on January 04, 2022. Airtel has announced that it's Airtel Payments Bank has been categorised as Scheduled Bank by the Reserve Bank of India.  The ...

The Reserve Bank of India (RBI) on Tuesday said state-owned SBI, along with private sector lenders ICICI Bank and HDFC Bank continue to be domestic systemically important banks (D-SIBs) or institutions which are 'too big to fail'. These three banks have ...

SBI Cards and Payment Services have partnered with Paytm for card tokenisation to protect the data of cardholders. SBI Card will enable cardholders to tokenise their cards on devices and make payments through Paytm Tokenisation refers to masking the original card number by replacing it with a ...

IndusInd Bank has announced the launch of ‘Green Fixed Deposits’ where the deposit proceeds will be used to finance projects and firms supporting the United Nations Sustainable Development Goals (SDGs). IndusInd Bank is amongst few banks globally, to bring forth this proposition, thereby ...

HDFC Bank's efforts in furthering financial inclusion through partnership with the Government of India's Common Service Centres (CSC) have been adjudged 'Most Innovative Best Practice' for financial inclusion at the coveted CII Digital Transformation Award 2021 or CII DX Award 2021. HDFC Bank ...

PNB has entered into a co-lending arrangement with Lendingkart Finance Ltd. This partnership is part of its efforts to improve the flow of credit to the unserved and underserved sector of the economy. This arrangement will focus on digital underwriting and cashflow based lending. ...

Paytm Payments Bank has partnered with MoneyGram, a peer-to-peer remittance company to enable international fund transfer directly to Paytm Wallet.  With this partnership, MoneyGram users abroad can now transfer money to any full KYC-compliant Paytm Wallet. ...

Central Bank of India and U GRO Capital has signed a co-lending agreement and under this partnership, the two entities aim to disburse upto Rs. 1000 crore to UGRO Capital's varied MSME segments under its programs like Pratham, Sanjeevani, Saathi, GRO MSME and Machinery financing, in ...