News for 'Payments Bank'

RBI to invite payment bank applications by month-end: Rajan

RBI to invite payment bank applications by month-end: Rajan

Rediff.com13 Nov 2014

The RBI Governor also reiterated his reservation against repeated loan waivers by various state governments, saying the move distorts credit pricing, thereby also disrupting the credit market.

These Cyber Scams Are Happening Around You

These Cyber Scams Are Happening Around You

Rediff.com5 Mar 2026

Cyber threats aren't always invisible -- sometimes they're right beside you.

'Banks Need To Reinvent Themselves'

'Banks Need To Reinvent Themselves'

Rediff.com3 Nov 2025

'Reinvention is not a hugely difficult task. With technology as available today, you can reinvent yourself pretty quickly.'

India Cracks Down on Illegal Online Gambling, Blocking 300 Websites and Apps

India Cracks Down on Illegal Online Gambling, Blocking 300 Websites and Apps

Rediff.com20 Mar 2026

The Indian government has blocked 300 websites and applications involved in illegal gambling and betting activities, including online sports betting platforms, online casinos, and satta/matka networks, as part of its efforts to create a safe and responsible online gaming ecosystem.

Adanis win US court hearing in case to throw out SEC fraud suit

Adanis win US court hearing in case to throw out SEC fraud suit

Rediff.com8 Apr 2026

A US judge has granted Gautam Adani's request for a hearing to dismiss a US Securities and Exchange Commission (SEC) fraud case, with Adani's legal team arguing the case lacks jurisdiction and credible evidence.

OnePlus 15T: Estimated Launch Date, Specs, Price In India

OnePlus 15T: Estimated Launch Date, Specs, Price In India

Rediff.com25 Mar 2026

The OnePlus 15T has been officially listed in OnePlus/OPPO's China store and is set to launch on March 24, 2026, marking its entry as a compact flagship focused on performance and battery life.

Payment apps, DoT help avert Rs 200 cr potential fraud loss: PhonePe co-founder

Payment apps, DoT help avert Rs 200 cr potential fraud loss: PhonePe co-founder

Rediff.com8 Oct 2025

Payment apps PhonePe and Paytm have helped citizens avert potential financial frauds worth Rs 200 crore by using the fraud risk indicator platform developed by the Department of Telecom, a senior Walmart group official said on Wednesday.

Credit card transactions surge; debit cards' decline: RBI

Credit card transactions surge; debit cards' decline: RBI

Rediff.com24 Oct 2025

The Reserve Bank of India's (RBI's) Payment Systems Report highlighted that between 2019 and 2024, credit card transactions doubled in volume and almost tripled in value. During the same period, however, debit card transactions witnessed a decline, both in volume and value.

London Court Denies Bail to Nirav Modi in PNB Fraud Case

London Court Denies Bail to Nirav Modi in PNB Fraud Case

Rediff.com7 Feb 2026

The High Court of Justice in London has rejected a fresh bail petition filed by diamantaire Nirav Modi, who is wanted in India in connection with the Rs 13,000 crore Punjab National Bank (PNB) fraud case.

Govt, UPI To Set Up Real-Time Payment Tripwire

Govt, UPI To Set Up Real-Time Payment Tripwire

Rediff.com4 Jul 2025

Google Pay, PhonePe, and Paytm may deliberately delay transactions, issue fraud alerts, and require an extra layer of user confirmation before processing any transactions that are likely to be classified as fraudulent.

Macron calls for India-France push on responsible AI

Macron calls for India-France push on responsible AI

Rediff.com19 Feb 2026

French President Emmanuel Macron announced that India and France will collaborate to develop an artificial intelligence framework that combines innovation with responsibility and technology with humanity, addressing the need for inclusive digital tools amid rising geopolitical tensions.

Iran Crisis: 'No Nation More Exposed Than India'

Iran Crisis: 'No Nation More Exposed Than India'

Rediff.com27 Mar 2026

'We are profoundly energy-dependent on the Gulf. That dependency must now be redirected towards the United States, because we require American permission to procure oil.' 'We additionally require Iranian permission to acquire oil from that source. So India now has to seek two separate permissions merely to secure its energy supply.' 'Should we be compelled to source from America, or from Venezuela -- which is, in effect, American-controlled supply -- that will inevitably carry a price premium, an elevated shipping cost, and a considerably extended delivery timeline, given the distances involved.'

Kaspersky Eyes India as Regional Hub Amid Cybersecurity Threat Surge

Kaspersky Eyes India as Regional Hub Amid Cybersecurity Threat Surge

Rediff.com17 Mar 2026

Global cybersecurity firm Kaspersky plans to significantly increase its investments in India, leveraging the country as a hub for regional services due to strong financial performance and the escalating threat landscape.

ADB flags India's oil vulnerability amid rising West Asia tensions

ADB flags India's oil vulnerability amid rising West Asia tensions

Rediff.com7 Mar 2026

Asian Development Bank (ADB) on Friday warned that India's limited crude oil reserves of about 100 million barrels - sufficient for only 40-45 days of consumption - leave the country particularly vulnerable to supply disruptions through the Strait of Hormuz amid the ongoing war in West Asia.

GIFT IFSC captures 65% of ECBs in FY26 on lower taxes, lighter rules

GIFT IFSC captures 65% of ECBs in FY26 on lower taxes, lighter rules

Rediff.com13 Feb 2026

Nearly two-thirds of external commercial borrowings (ECBs) raised so far in the ongoing financial year (2025-26/FY26) have been routed through Gujarat International Finance Tec-City (GIFT City), a sharp jump from the 36 per cent recorded in 2024-25.

Iran Ceasefire: Pakistan Was Reading From Washington's Script

Iran Ceasefire: Pakistan Was Reading From Washington's Script

Rediff.com8 Apr 2026

By all available indications, the White House drafted a face-saving note and handed it, ready-made, to Islamabad. Pakistani Prime Minister Shehbaz Sharif was supposed to then post it in the guise of a plea urging Trump to extend the deadline by two weeks 'to allow diplomacy to run its course'. Trump would then graciously accept Pakistan's 'request' and declare a ceasefire. Sharif dutifully posted the message on X. Except that he, or whoever was handling the account, forgot to delete the tell-tale first line visible in the edit history: 'Draft - Pakistan's PM Message on X'. Prem Panicker's must read blog on the Iran War.

CBI Arrests Key Accused in Massive Gain Bitcoin Scam

CBI Arrests Key Accused in Massive Gain Bitcoin Scam

Rediff.com11 Mar 2026

The Central Bureau of Investigation (CBI) has arrested Ayush Varshney, co-founder of Darwin Labs, in connection with the 200 million Gain Bitcoin cryptocurrency scam. Varshney was apprehended while attempting to flee the country.

Why MF Investors Can't Trade on Budget Day

Why MF Investors Can't Trade on Budget Day

Rediff.com28 Jan 2026

Rediff explains why the system, not the Budget, is the problem.

What Happens When Trump's Deadline Expires?

What Happens When Trump's Deadline Expires?

Rediff.com7 Apr 2026

Trump may strike. He may announce productive talks and extend again. He may do both at the same time. Iran will not open the Strait on someone else's terms, so no matter what happens, that problem will remain unsolved. And the IRGC will still be collecting its $2 million toll from every ship bold enough to ask permission to pass.

'You End Up Firefighting': Finance Minister

'You End Up Firefighting': Finance Minister

Rediff.com26 Feb 2026

'Uncertainty level A in the morning, uncertainty level B in the afternoon. If I answer about tariff rates now, I'll be outdated by the evening.'

ICICI Bank gets Rs 49 cr GST demand notice

ICICI Bank gets Rs 49 cr GST demand notice

Rediff.com17 Sep 2025

ICICI Bank on Wednesday said tax authorities have slapped a demand notice of Rs 49.11 crore on it for alleged short payment of GST.

Vi gets a decade to breathe easy on AGR dues; DoT to reassess liabilities

Vi gets a decade to breathe easy on AGR dues; DoT to reassess liabilities

Rediff.com10 Jan 2026

India's third-largest telecom operator Vodafone Idea (Vi) has secured a 10-year breather on adjusted gross revenue (AGR) payments from the Department of Telecommunications (DoT). This is expected to ease pressure on its balance sheet and enable the company to raise bank debt for capital expenditure.

Private Talent At PSU Banks Is Welcome, But...

Private Talent At PSU Banks Is Welcome, But...

Rediff.com22 Oct 2025

Opening up the corner office is fine, but will the government be able to attract talent without giving a market-rate salary?, asks Tamal Bandyopadhyay.

FDs To SIPs: How To Avoid Costly Money Mistakes

FDs To SIPs: How To Avoid Costly Money Mistakes

Rediff.com18 Mar 2026

Ask rediffGURU Reetika Sharma your insurance, mutual fund and personal finance-related questions.

Missed Income In ITR? File ITR-U

Missed Income In ITR? File ITR-U

Rediff.com4 Feb 2026

Taxpayers should consider ITR-U if they omitted income, wrongly claimed deductions or exemptions, or made reporting errors that led to a shortfall in tax payment.

Pak gangster posts video of Gurdaspur cop killing; TTK owns responsibility

Pak gangster posts video of Gurdaspur cop killing; TTK owns responsibility

Rediff.com24 Feb 2026

A Pakistan-based gangster posted a video on social media purportedly showing the killing of a police officer in Gurdaspur, near the Indo-Pak border. A terror outfit has claimed responsibility for the incident, prompting a thorough investigation by Punjab Police.

Borrowing On Gold? Mind the Trap

Borrowing On Gold? Mind the Trap

Rediff.com16 Jan 2026

The RBI has flagged concerns over rising volatility in gold prices and advised lenders to exercise caution in the gold loan segment.

Relief for Rajpal Yadav as HC suspends sentence in Rs 9 cr cheque bounce case

Relief for Rajpal Yadav as HC suspends sentence in Rs 9 cr cheque bounce case

Rediff.com16 Feb 2026

The Delhi High Court has suspended actor Rajpal Yadav's sentence in a cheque bounce case until March 18, allowing his release from jail after he deposited Rs 1.5 crore.

Few flaws RBI could have avoided while issuing payments bank licences

Few flaws RBI could have avoided while issuing payments bank licences

Rediff.com20 Sep 2015

Bank licencing has been a "once in a decade" affair and so it could well be that we don't face this process anytime soon.

Will Trump Send Troops To Iran By The Weekend?

Will Trump Send Troops To Iran By The Weekend?

Rediff.com26 Mar 2026

Taking Kharg would give the US control over virtually all of Iran's oil exports and thus provide significant leverage, notes Prem Panicker in his must read daily blog on the Gulf War. It would also put American troops within range of Iran's remaining missiles, drones, and artillery on a piece of real estate that is just eight square miles in size, and just 15 miles from the Iranian mainland.

Banks, NBFCs Light Up Season With Special Offers

Banks, NBFCs Light Up Season With Special Offers

Rediff.com24 Sep 2025

Banks and NBFCs are launching festival offers, including lower loan rates, cashback, EMI schemes and GST-linked benefits to tap rising demand ahead of Diwali

Economic Survey 2026: Rupee valuation does not accurately reflect India's stellar economic fundamentals

Economic Survey 2026: Rupee valuation does not accurately reflect India's stellar economic fundamentals

Rediff.com29 Jan 2026

The value of the rupee, which has slipped to the 92 per dollar mark, does not accurately reflect India's stellar economic fundamentals, the Economic Survey said on Thursday.

BHIM's New Feature To Target Reluctant Users

BHIM's New Feature To Target Reluctant Users

Rediff.com26 Nov 2025

'This will bring in a lot of net new users to UPI.'

RBI Warns Against Stablecoins, Backs CBDCs

RBI Warns Against Stablecoins, Backs CBDCs

Rediff.com13 Dec 2025

'We have seen that stablecoins lack the basic attributes of money, their advantages are neither unique nor unambiguous and their risks are all too real.'

Will 1600 Number Stop Scam Calls?

Will 1600 Number Stop Scam Calls?

Rediff.com20 Nov 2025

Trai has ordered BFSI firms to move service and transaction calls to the 1600 series from 2026 to reduce spam, financial fraud, and rising digital arrest scams.

Is Bank Demanding Payment Of Dues?

Is Bank Demanding Payment Of Dues?

Rediff.com14 Jun 2024

'Save the entire chain of e-mail exchanges so that you have documented evidence to show you informed the bank about the issue.'

Govt moves to shield trade as Iran war chokes sea routes

Govt moves to shield trade as Iran war chokes sea routes

Rediff.com5 Mar 2026

With the Iran war escalating sharply and crisis deepening in the global energy market, India on Monday unveiled a coordinated plan to support exporters and shippers caught in the fallout.

Ex-Army man, woman held for sharing sensitive info with Pak

Ex-Army man, woman held for sharing sensitive info with Pak

Rediff.com4 Dec 2025

The Gujarat Anti Terrorist Squad (ATS) has arrested a retired Army man and a woman for allegedly sharing sensitive information about military establishments and personnel with Pakistani agents.

Forex Reserves See Sharp Weekly Fall

Forex Reserves See Sharp Weekly Fall

Rediff.com12 Jan 2026

The previous largest weekly decline was recorded in the week ended November 15, 2024.

SGB Tax Jolt to FY27 Budget

SGB Tax Jolt to FY27 Budget

Rediff.com9 Feb 2026

This single amendment, unfortunately, overshadows much of the Budget's promise, explains Harsh Roongta.