Payments bank dreams go awry before take-off

Of the 11 licence holders, only eight remain in the fray as concerns about profitability and rising competition are making them think twice before jumping in. On Tuesday, when Tech Mahindra......

Microsoft keen to get bigger pie in payments bank segment

To tap business opportunities that the proposed payments banks will bring in, global technology company Microsoft plans to offer back-end support to these players. The company is in talks with some......

Mukesh Ambani, Dilip Shanghvi among 11 players to make banking easier!

Payments banks will mainly deal in remittance services and accept deposits of up to Rs 1 lakh. The Reserve Bank of India (RBI) on Wednesday allowed 11 business houses, including Reliance......

RIL, 10 others win payment bank permits

India's leading mobile carriers Bharti Airtel Ltd and Vodafone India were among the 11 companies selected by the country's central bank to set up payments banks aimed at granting millions of......