This initiative is in line with India's Foreign Trade Policy 2023 and RBI's framework for invoicing, payment, and settlement of exports/imports in INR, in addition to US Dollar, Euro and other currencies, according to a statement from ICICI Bank.
Whether it is Aadhaar-enabled direct fund transfer, Aadhaar Enabled Payment System (AePS) for last-mile banking, authentications, or e-KYC for identity verification, Aadhaar has been playing an important role in supporting Digital India vision and enabling ease of living for residents.
At the launch of IMF book on India's Financial System, Antoinette M Sayeh said, "The country has impressed the world in fostering financial inclusion through its public digital infrastructure. Just a decade ago, local shops were filled with people buying and selling goods with cash. Today, f
Mumbai (Maharashtra)/ New Delhi [India], April 25 (ANI/BusinessWire India): Cyril Amarchand Mangaldas (CAM) advised in relation to REC's Limited's USD 750 million issuance of 5.625 per cent green bonds ("Notes"). CAM advised the "Dealers" to the transaction, namely, Barclays Bank PLC, DBS Ba
New Delhi [India], April 22 (ANI/PNN): Estatex Landbase is an organization with over 5 years of collective experience in the real estate industry. They have a reputation for successfully navigating the potential obstacles that may arise during real estate transactions. The company's objectiv
The victim identified as M Radha was brought to the court on Friday when the accused in the firing incident Kameshwar Singh shot at her. Both have been undergoing trial in a case pertaining to some financial transaction, Radha's lawyer claimed.
Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai and Deputy Prime Minister and Minister of Finance of the UAE, said the outstanding performance of Dubai's economic sectors reflects the vision and foresight of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice Pr
In order to facilitate cross-country transactions, Sonali Bank and Eastern Bank will open accounts in the State Bank of India and ICICI Bank. The two Indian banks will also open similar accounts in the two Bangladeshi banks, as per the news report.
Bhopal (Madhya Pradesh) [India], April 19 (ANI/PNN): Passwords alone are insufficient to protect against today's security threats. Most large firms rely on Public Key Infrastructure (PKI) to secure the security of online transactions. Typically, accessing internal resources within a company
New Delhi [India], April 18 (ANI/ATK): All eyes are on Ethereum as it gears up for the Shanghai Upgrade. But how exactly is it significant and what impact could it have on the Coin itself? If the biggest Alt Coin is undergoing these changes, it impacts the rest of the Alt Market too. Here's
According to police, money was withdrawn from Hongkong China, Dubai UAE, Bangkok and Thailand since 2019 and was brought to India using Hawala channels.
In terms of UPI, Person-to-Merchant (P2M) and Person-to-Person (P2P) are the most preferred payment modes among consumers with a market share of 40 per cent and 44 per cent in terms of transactions volume (UPI was 84pc in total), according to Worldline in its India Digital Payments Annual Re