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MinkasuPay granted patent for its pioneering biometric 2-Factor Authentica
Updated : 2 years ago IST
Mumbai (Maharashtra) [India], March 1: Minkasu Inc. aka MinkasuPay, a pioneer in biometric authentication solutions, founded by Silicon Valley veterans Anbu Gounder and Naveen Doraiswamy, announced that it has now been granted the patent in India for its biometric 2-Factor Authentication (2F
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Paytm and Paytm Payments Bank mutually agree to discontinue various inter-
Updated : 2 years ago IST
One 97 Communications Ltd (Paytm) has informed that the Company and its associate entity, Paytm Payments Bank Limited (PPBL), have introduced additional measures to strengthen their approach towards independent operations of PPBL.
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RBI cancels licence of Rajasthan-based Sumerpur Mercantile Urban Cooperati
Updated : 2 years ago IST
The Reserve Bank of India (RBI) has cancelled the licence of Sumerpur Mercantile Urban Cooperative Bank Limited, Sumerpur, Pali, Rajasthan. Consequently, the bank ceases to carry on banking business, with effect from the close of business on February 28, 2024.
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Innoviti and RBL Bank partner to set up a true omnichannel payments platfo
Updated : 2 years ago IST
Bengaluru (Karnataka) [India], February 27: RBL Bank, one of India's leading private sector banks with an expanding presence across the country, and Innoviti Technologies Pvt. Ltd., India's largest payments-based SaaS tools company for enterprise brands and their SME channel partners, have s
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Union Finance Minister Sitharaman interacts with start-up, fintech ecosyst
Updated : 2 years ago IST
The interaction with the start-up and fintech ecosystem partners was organised to enable the free exchange of ideas to bolster and scale up operations to facilitate global competitiveness by enabling growth in the fintech sector.
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RBI imposes monetary penalty on State Bank of India, Canara Bank
Updated : 2 years ago IST
The Reserve Bank of India (RBI) has imposed a monetary penalty on State Bank of India and Canara Bank under relevant section of the Banking Regulation Act.
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Paytm UPI handles can continue after migration to other banks: RBI clarifi
Updated : 2 years ago IST
The Reserve Bank of India (RBI) on Friday directed the UPI watchdog, the National Payments Corporation of India (NPCI) to examine the request of One97 Communication Ltd (OCL) to become a Third-Party Application Provider (TPAP) for the UPI channel for continued UPI operation of the Paytm app.
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India Ratings expects GDP to grow 6.5% next financial year, lower than gov
Updated : 2 years ago IST
India Ratings and Research (Ind-Ra) expects the economy to grow at 6.5 per cent in the financial year 2024-25, 50 basis points lower than what was projected by the central government and the Reserve Bank of India (RBI) at its recent policy review.
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Morgan Stanley expects shallow repo rate cut from June policy meeting
Updated : 2 years ago IST
Morgan Stanley expects the Reserve Bank of India to start cutting rates from June 2024, with both retail and wholesale inflation figures remaining at a manageable level.
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Finance Minister Nirmala Sitharaman chairs 28th FSDC meeting in New Delhi
Updated : 2 years ago IST
The meeting, held under her stewardship, witnessed the presence of Minister of State for Finance, Dr Bhagwat Karad, along with esteemed dignitaries and officials from various financial regulatory bodies.
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Amit Shah to inaugurate Umbrella Organisation for Urban Cooperative Bankin
Updated : 2 years ago IST
Union Home Minister Amit Shah, who also holds the portfolio of the Cooperation Ministry will inaugurate the umbrella organisation for the urban cooperative banking sector on March 2 in New Delhi.
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India's forex reserves decline USD 5.2 billion to come off 1-month high
Updated : 2 years, 1 month ago IST
India's foreign exchange reserves declined by USD 5.240 billion to USD 617.230 billion in the week that ended on February 9, 2024, thereby coming off a month high it hit the prior week, the latest data released by the Reserve Bank of India showed.
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