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  • Business

RBI to simplify KYC norms

The Reserve Bank of India (RBI) will soon come up with guidelines to simplify know-your-customer (KYC) norms and to make Aadhaar the proof for address and identification."In the next few days, we......

ICICI Bank to charge for fund transfer over mobiles

Leading private sector bank ICICI Bank will charge its customers Rs 5 per transaction from next month for transfer of funds over mobile phones, a service available for free as of now.The fee for......

Mobile banking, cash at PoSales remain dismal

Banks have shown little progress in the areas of mobile banking and cash at point-of-sales (PoS) terminals, even after nearly two years of the Reserve Bank of India (RBI) allowing banks to run such......

How to carry out mobile banking

Heard about mobile banking? "Yes," pat comes the reply from Mumbai-based Supriya Pandit.She was issued a Mobile Money Identifier by her bank, two months back. But the 30-year old graphic designer......

Mobile remittance service launched in India

India on Monday moved a step closer to making mobiles virtual wallets by launching services that allow seamless and real-time fund transfer from one person's bank account to another through......

  People speak for interbank mobile payment service

  • QNA
Lucky
Q. What is IMPS in relation to funds transfer ?
Lucky:  A.  more

http://qna.rediff.com/questions-and-answers/what-is-imps-in-relation-to-funds-transfer-/26029482/answers/

rajan
Q. Which of the following associate banks of SBI has recently joined the Interbank Mobile Payment Service (IMPS) network, which facilitates cellphone-based financial transactions? a) State Bank of Mysore b) State Bank of Patiala c) State Bank of Indore d) State Bank of Travancore e) State Bank of Hyderabad
Rajan:  A. Interbank Mobile Payment Service (IMPS) is an instant interbank electronic fund transfer service through mobile phones. IMPS facilitates customers...... more

http://qna.rediff.com/questions-and-answers/which-of-the-following-associate-banks-of-sbi-has-recently-j/22904026/answers/26029486

  Web results for Interbank Mobile Payment Service
FII INFLOW INTO BONDS AND EQUITIES TOUCHES RECORD $43 BILLION IN 2014

Mumbai: Portfolio inflows into Indian bond and equity markets have been the best ever in 2014, now totalling a massive $43 billion, data from the... ...

http://www.ipanewspack.com/newsplus/financial-sector/fii-inflow-into-bonds-and-equities-touches-record-43-billion-in-2014/
Deal in MFs on stock exchanges sans demat

In Budget 2013, a provision was made for independent financial advisers (IFAs) to come on to the stock exchange platform to carry out mutual fund... ...

http://www.livemint.com/Money/biDS48jRfuBfBplkCWgeoM/Deal-in-MFs-on-stock-exchanges-sans-demat.html
Banking Newsletter - December 08 to 12, 2014

Top Story RBI Governor: Global economy weak despite stronger recovery in US RBI Governor Raghuram Rajan said that the global economy is still... ...

http://www.indiainfoline.com/article/news-top-story/banking-newsletter-december-08-to-12-2014-114121200131_1.html
RBI's ATM torment

The customer-centric banking business has been undergoing various tribulations with PSU and private sector players vying hard to capture their... ...

http://www.deccanherald.com/content/446310/whipping-039caps039-rbi039s-atm-torment.html
How Financial Consumers Get a Raw Deal

A lively 90-minute interaction between the Foundation's three new trustees and a packed audience Moneylife Foundation held an Open House on 19... ...

http://moneylife.in/article/moneylife-foundations-open-house-with-its-new-trustees-how-financial-consumers-get-a-raw-deal/39625.html

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