Customers have other options available to them to do low-value transactions, if wallets start mandating full KYC and would switch to those.
Around 40% of India Inc feels that Modi govt's biggest weakness in the last 6 months has been its slow pace of economic reforms.
ICICI Bank, ONGC and Tata Motors contribute to nearly 50% gain seen on the Nifty.
It is widely believed that Nandan Nilekani's meeting with Prime Minister Narendra Modi saved the ambitious Aadhaar project from oblivion or a takeover by the home ministry.
It said there is no part of the country that he did not visit during the 125 days between December 25 and May 1 as he crisscrossed from Kashmir to Kanyakumari and Jamnagar to Silchar, while speaking to students to scientists, farmers, entrepreneurs, foreign heads of state and political workers.
The Supreme Court on Thursday assured the Centre and bodies like SEBI and RBI that it will take a decision by Friday evening on their plea seeking setting up a larger bench for modifying an earlier order restricting the voluntary use of Aadhaar card to PDS and LPG schemes only.
Prime Minister Narendra Modi, in his maiden Independence Day address, had made several promises to the nation.
His 7-day long trip to the United States starts on June 17.
The finance minister said easy access and efficiency in providing banking services will help in revival of businesses which are restarting operations after the lockdown.
Progress on several parameters creates a tipping point situation.
RuPay has 42% of total debit cards, but contributes only 16% of PoS, e-commerce transactions. With banks scheduled to renew deals with Visa, Mastercard, here's how RuPay plans to increase its reach to premium customers.
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'India is doing better than when we took office 17 months ago'.
The meeting with Xi is being held amid the ongoing trade war between the United States and China.
As US businessmen and investors await Prime Minister Narendra Modi's US visit, the investor community and the industry leaders said the success of 'Mangalyaan' goes on to prove India's growth story based on 'frugal innovations'.
From a ruling party's perspective, the BJP is in a sweet spot; editorial independence and analytical coverage of governance is rapidly declining
The government has opted for the RuPay debit card over the Aadhaar-based platform for "last-mile" authentication in its Pradhan Mantri Jan Dhan Yojana.
ArthaKranti wants the government to abolish income tax and 56 other taxes and replace it by a banking transaction tax.
The central bank gave 11 entities licences to start payments banks.
55 million people already in the social security net
The housing stock demand may increase further
Bharatiya Janata Party president Amit Shah on Saturday attacked Rahul Gandhi after the Congress vice president questioned the NDA government's achievements, saying it was no mean feat that even the opposition has been unable to level any corruption charges against it.
So far, 758 million Aadhaar numbers have been generated.
Ahead of his government's first full year budget, Prime Minister Narendra Modi on Friday sought ideas from economists to attract investments, create jobs and finance infrastructure to put India back on high growth path.
While most economies contracted in the second quarter of 2020, the Chinese economy grew by 3.2 per cent.
The finance minister also termed Kanhaiya Kumar's speech, delivered following his release on bail, a "victory for us", saying he had gone to jail for raising anti-India slogans but came back to speak amid slogans of 'Jai Hind' and hoisting of the tricolour.
'Wherever in the world there is political instability, those countries are beset with severe crises today. But India is in a much better position than the rest of the world due to the decisions taken by my government in the national interest,' President Droupadi Murmu said in her address to both Houses of Parliament.
He said digitisation was aimed at bringing in accountability and added that more cash would bring with it social evils.
NPCI has launched several consumer friendly systems including one that allows users to transfer money to people over mobile phones across India.
As households age, they pile up debt, a peculiarity unique to Indians, a Financial Stability and Development Council report has found. Here are the key takeaways.
False and acrimonious debates such as Modi versus Manmohan might allow for victories that are political and partisan. But the real loser is the nation, India and Bharat, notes Arvind Subramanian, former chief economic advisor to the Modi government in its first term.
The bank will have around 501 branches.
Your promise to protect bankers for their commercial decisions is a huge confidence booster, but how does one define a commercial decision? Are our investigative agencies well equipped to dissect lending decisions of bankers?
The PM said Japan and the Indian diaspora has a big role to play in India's growth story.
It seems like the Twitter-selfie craze compels the PM to put on a mega show every few months
Banks now ride on what is defined as a "banking outlet". This is a fixed-point service unit, manned by either the bank's staff or its business correspondent (BC), where all kinds of services - acceptance of deposits, encashment of cheques, cash withdrawal or lending of money - are provided for a minimum of four hours per day, for at least five days a week. Banks are now turning to reposition the manner in which they acquire customers, report Abhijit Lele and Raghu Mohan.
PM has asked the Reserve Bank to prepare a 20-year road map for financial inclusion
The Modi government's array of economic policy has been impressive.
AG Mukul Rohatgi led the Indian delegation at the UN Human Rights Council.
Amendments to RBI Act likely soon
Since 2014, many of Mohan Bhagwat's speeches have acted as cues for government policy.
