Sharma would be 60 in November 2018, and would have completed 10 years as Axis Bank's CEO the following year in June.
The Aadhaar-enabled payment system, or AEPS, allows consumers who don't have smartphones or debit cards to perform basic banking transactions like cash deposit, cash withdrawal, intrabank or interbank fund transfer, balance enquiry and obtaining a mini statement through biometric authentication at micro-ATMs.
The last few months have been hard on digital wallets which had a short-lived dream run post-demonetisation.
Policy lays out a 5-year road map seeking creation of 3.5 mn jobs and promoting 10,000 start-ups.
UTI Mutual Fund has launched UTI-FAMILY (that allows investors to buy mutual fund units in their name, but the returns go straight to a parent's bank account.
Experts contend that this setback, even if temporary, could put the company at a disadvantage to its competitors in acquiring new customers.
The Indian market regulator had revamped the FPI regulations in 2014 giving custodians the mandate to collect and verify the KYC documentation of offshore investors
But mobile wallet companies say many consumers are not ready to give out their PAN
A clarification on delinking Aadhaar account from disbursal of subsidised LPG cylinders would be issued within a week, Petroleum and Natural Gas Minister Veerappa Moily said during Question Hour.
EPFO's Central Provident Fund Commissioner K K Jalan has said that these directives shall help the body in getting the bank account details of all the members which are necessary for making UAN operational.
CBI and Enforcement Directorate are probing the huge remittances to Hong Kong from the bank.
There will be tripartite pact with member, bank/housing agency and EPFO.
Mutual fund houses do have several challenges ahead to win more investors.
Sun Pharma dipped 2% to Rs 615 on the BSE, its lowest level since November 9, 2016
Lending on peer-to-peer platforms is fraught with higher risks but investors can earn as much as 12% to 36%.
The EPFO launched one-page simplified forms for withdrawal.
Three-four big gem and jewellery firms are showing financial weaknesses and might find it tough to withstand shocks
A small percentage of asset allocation to bitcoin seems like a reasonable gamble, as it could be a major gainer in an uncertain global environment, says Devangshu Datta.
In the next few days, use credit/debit cards wherever possible or download your bank's mobile banking app or a mobile wallet.
Currently, only three have completed more than six months of operation in the space - Fino Payments Bank, Airtel Payments Bank and Paytm
E-KYCs and Aadhaar authentication are of crucial importance to the fin-tech companies as the recent RBI instructions require strict KYCs for these players to function in the market.
UIDAI has asked police to investigate, it was not fully convinced about nature of the incident
'In 1984, George Orwell dreamt up the concept of a dictatorship that worked on surveillance.' 'The reality of 2017 goes a long way beyond everything that Orwell imagined.' says Devangshu Datta.
RBI has cited "legal impediments" in sharing the reports.
Indian jewellery is widely prized for intricacy and craftsmanship.
Central KYC not in sync with Sebi's KRA system; regulator writes to finance ministry
Yes, you need to be safe when dealing with third party agents who act as intermediaries between you and the lending institutes.
'The number of first-time investors into MFs can grow four times more than the current rate if we are able to accept the bank KYCs.'
Govt looking for common ground on GST; hopes to pass it soon.
Experts advise investors to buy at lower levels in the next few months and sell at the higher end of their range in the second half, reports Rajesh Bhayani.
Some private banks offer easier platform to transfer money abroad, like ICICI's Money2World.
Experts say the new security features will significantly ensure there is no 'large-scale theft of people's identity'.
The uncertain macroeconomic environment may have prompted HDFC Bank to go slow on expanding its credit card portfolio.
With Big Bazaar Direct, the company franchisees will visit customers to take orders and the products would be delivered in three to seven days.
The finance ministry and the RBI have performed many somersaults in these last 42 days.
Over the past 25 years the MF industry has come a long way. Geographic reach has increased, many more customers have been added, more channels have been opened up and the product basket is full.
The RBI on Friday imposed a fine of Rs 6.5 crore (Rs 65 million) on six public sector banks including IDBI Bank, Dena Bank and Indian Bank, for violation of customer identification or KYC norms and anti-money laundering guidelines.
Besides the thrill of changing cars quite often, a higher tax deduction is available, experts tell Tinesh Bhasin
Deadline ends for KYC details; cable operators' body says more time needed.
Your nearest grocery shop might soon become a one-stop shop for depositing and withdrawing money.
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