Kotak Mahindra Bank to have a 19.9% stake in the proposed banking venture.
Seeking to rope in youngsters to promote cashless transactions, Modi said for every person you introduce to the BHIM app, you will get a cash back of Rs 10.
From 0% to 28%, here's the breakup of what attracts how much GST.
Expressing happiness over the growth of the banking sector in the last 10 years, Finance Minister P Chidambaram today described it as a great achievement of the United Progressive Alliance rule.
PM extended some old schemes and finally said yes to one that was legally mandated for past 2 years.
"You can download mobile applications provided by banks on your phones and I want to urge political leaders, teachers, youth to give training to people on mobile banking," Modi said.
Online retail is increasing market share rapidly.
Distress sales, market closures and anchoring of fishing fleets have been reported from West Bengal, Andhra Pradesh, Tamil Nadu and Kerala.
"Our agenda is to fight for a country free of corruption and black money. But their agenda is to close (disrupt) Parliament...I am puzzled," Modi said.
Don't reveal any information to strangers.
Hitting out at Prime Minister for calling note-ban a 'shuddhi yagna', senior Congress leader Prithviraj Chavan said the move is nothing short of an "uncontrolled forest fire" that has claimed several lives and hit the economy.
On government's last week's announcement of revamping of PSU banks, Fitch Ratings said the move is "credit positive, but risks remain".
Absence of comprehensive data protection and privacy laws will be barriers in the government's digitalisation drive.
Daily wage earners and casual low income group workers were the worst affected
Against National Democratic Alliance's 75 million target, United Progressive Alliance added 61 million in 2013-14.
Aadhaar now has legal backing but it still faces challenges of privacy and data sharing
It's not easy to ignore the newspaper ads with Diwali offers.
There is a huge gap in service charges on other factors such as penalty on cheque return.
Discussions are on in government about how to make the process simpler for the poor and more cost-effective for telecom operators, says Subhomoy Bhattacharjee.
From small retailers' experiences with e-wallets to digital transaction numbers post demonetisation, Geetanjali Krishna and Karan Choudhury find out where the truth lies.
GIFT is a financial centre almost entirely devoid of bankers and, indeed, of people.
These trips can be as short as a month to 45 days.
Launching a scathing attack on Prime Minister Narendra Modi, Opposition parties on Wednesday alleged that selective leak of information on demonetisation of 500 and 1000 rupee notes to 'friends of BJP' and demanded making public the names of those who had bought gold and foreign exchange of over Rs 1 crore since April.
The sabre-rattling between parties on rival sides of the political divide over demonetisation showed no signs of softening on Saturday with the government accusing Congress of engaging in "fear mongering" and the latter hitting back calling the exercise a "not well thought out move" whose after-effects will last long.
With a surge in users and transactions in two weeks, payment wallets step up cashbacks to get more users online.
On your upcoming trips to Ladakh we surely hope you guys keep these tips in mind. Ride safe and don't get lost in those wondrous mountains that are a beauty but are terrifying too! Ride safe!
Taking a dig at those who have been attacking him over demonetisation, he said, "Some people have lost glow on their faces... earlier they used to chant money-money, now they are chanting Modi-Modi."
The preference for digital banking now cuts across all customer segments.
'I served the Indian Army and I am an ex-serviceman.' 'I look at this as a battle I am fighting after I left the army.' 'I will not leave till I get her back as my daughter Akhila, and I believe it will happen one day.'
Non-resident individuals (NRIs) have also been allowed to apply for the niche banking licence, provided they plan to return to India.
In the fourth of a six-part series, Ajay Modi visits Moradabad, to see how the brass city is coping with the after-effects of demonetisation.
Here's the full text of Prime Minister Narendra Modi's address to the nation where he announced the demonetisation of Rs 1,000 and Rs 500 notes with effect from midnight on November 8-9.
AAdhar cannot be successful unless there is proper coordination at the helm.
Do you know what kind of currency notes are illegal?
With Narendra Modi about to make his first Independence Day speech, there is a buzz in Delhi that Modi will make some big announcements to signal major reforms and directional shifts. But we have to wait and see if it happens, says Mohan Guruswamy.
Any liquid money that gold replaces for CRR or SLR compliance will allow banks to use this 'extra' cash for lending to borrowers
Paloma Sharma -- the only non-middle aged, non-canine member of the home -- on a Sunday spent at the bank.
Besides the young techies and nerds who indulge in hacking for fun and as a challenge to break into important and tightly secured sites, crime syndicates are on the prowl to steal passwords, account details and personal information to indulge in illegal money transfers, ATM withdrawals and other damaging activities.
Payments banks will mainly deal in remittance services and accept deposits of up to Rs 1 lakh.
Even as plans to redevelop Dharavi continue to gather dust in government files, its young residents have chalked their own course and chosen to fly high. Hepzi Anthony recounts a few inspiring tales.
