Aditya Puri's dream for HDFC Bank: Indian Alibaba

'Aditya Puri says the bank is positioning itself as the Indian Alibaba. 'The next wave will see the lender partnering with an array of fintechs globally that can plug into HDFC Bank’s system......

UIDAI clears the air on linking Aadhaar with bank accounts

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......

Facebook, ATMs for transferring money? It's instant, safe

Fund transfer through Facebook is meant for tech-savvy customers. A group of friends are having dinner at an upmarket restaurant. During which, they post pictures of one another, the food and the......

RBI to simplify KYC norms

The Reserve Bank of India (RBI) will soon come up with guidelines to simplify know-your-customer (KYC) norms and to make Aadhaar the proof for address and identification."In the next few days, we......