Priyadarshini Maji evaluates the impact that payment banks are likely to have on your financial life.
The payments industry is at a crossroads with the banking regulator on two pressing issues, neither of which seems headed towards an amicable solution. Depending upon which side accommodates the other, customers in India will have to choose between convenience and ironclad safety. In the end, the Reserve Bank of India (RBI), which regulates both banks and all payments services providers, will prevail. But the question is: will it do so by bending a little or by sticking to its firm stand? The two issues - one concerning payment facilitators storing customers' card details and the other about auto-renewal of payments - appear similar but aren't.
Indian Bank on Tuesday launched IndRemit, an online money transfer service that allows Non-Resident Indians in the United States to make online money remittance to India.
As part of a series commencing today, we'll be posting readers' experiences and advice when it comes to moving out on your own. Here, Rachita Awasthi shares her story of moving from Delhi to Mumbai following a job transfer.
Here are five things that fraudsters are likely to say or do that should set the alarm bells ringing in your head.
Where does one find a man who shows no bitterness or animosity towards Hindus, even after a frenzied Hindu mob burnt his house down?, Jyoti Punwani asks in this tribute to a truly extraordinary Indian.
The company raised $145 million (about Rs 1,000 crore) recently from investors. The portal, which has 15 million unique customers and 32 million visits per month, is already a market leader. Sohini Das reports from Ahmedabad.
Here's how NRIs can protect their overseas earnings from exchange rate risk.
In the next three years, PayPal, believed to be the world's most successful online payment service provider will absorb engineering freshers in product development. Do you have what it takes?
The portal, which has been tentatively named by the labour and employment ministry as the National Portal for COVID-19 Affected Unorganised Migrant Workers, will gather the details of all the unorganised sector workers who are stranded in relief camps, residential or industrial clusters.
Across Yes Bank branches, the busiest people were the relationship managers, trying to soothe nerves. Many were seen advising clients the situation was only temporary and that their money was safe.
The downtime will be over around 8 am on December 16.
MPs, state legislators and government employees will not receive the benefit of loan waiver.
The public gained its first access to the Panama Papers records of over 200,000 secret offshore companies when the ICIJ put a searchable database online earlier Monday.
AFI President Adille Sumariwalla raised the possibility of more athletes outside the national camp taking to banned drugs and laid a lot of blame on the district and state level coaches.
2017 saw the highest-ever mobilisation by way of IPOs of close to Rs 700 billion. The momentum is expected to continue this year as well.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
The latest fraud unfolding online has scammers targetting 'single' males.
Mamata Banerjee accused Modi of trying to mislead the people with half-truth and distorted facts.
Electronic transactions are rising fast, so are cases of payment failure and delayed settlement. One needs to be proactive.
As many as 3.2 lakh shareholders attended the meeting on the newly-minted JioMeet platform from 550 cities in 48 countries.
Customers can electronically transfer money instantly to more than 1,000 branches of banks across India.
EFPO launched a number of new facilities this year.
Vyapam app has been developed under the 'Digital India' programme which will make Vyapam exams convenient and examinees can complete the entire process online
How crooks try to trick the system and defraud credit card transactions and how you must protect yourself from such scams.
The Vivekananda Yoga University was jointly launched on Tuesday by minister of state for external affairs V Muraleedharan and chairperson of the standing committee on external affairs P P Chaudhary during a virtual event held at the Consulate General of India in New York.
At present, Flipkart's total seller base is 60,000.
The Supreme Court on Friday dismissed a plea seeking stay on further sale of electoral bonds ahead of assembly elections.
The Employees' Provident Fund Organisation and the Labour Ministry are in touch with the Prime Minister's Office for the purpose, a senior official said.
Buying a used vehicle is a lot more complicated. Not only do you have to worry about its condition, you also have to think about whether the price you are offering is anywhere close to its true value, reveals Sanjay Kumar Singh.
The BJP, however, distanced itself from the comments, saying the statements could the personal view of Hardoi MLA Ashish Singh Ashu.
Yes Bank users can now make over Rs 2 lakh payments towards loans, credit cards via other bank accounts.
Thomas Ninad's bank account was defrauded of Rs 14 lakh under mysterious circumstances.
Congress president Sonia Gandhi on Tuesday wrote to Prime Minister Narendra Modi suggesting five measures to conserve money for the fight against COVID-19, including a complete ban on media advertisements by government and PSUs for two years and suspending the Central Vista beautification project.
India will soon make available many more COVID-19 vaccines to other countries after two Made-In-India jabs have already been introduced to the world, Prime Minister Narendra Modi said on Thursday while emphasising the country's global responsibility in fighting the pandemic.
The Friends of Modi initiative is expected to to boost the BJP's vote count by at least 1%.
The finance ministry official may have claimed that the ministry does not have information on the loans sanctioned by different banks to Mallya or the details of the guarantee given by Mallya against those loans, but the ministry had responded to questions in this regard in Parliament in the past.
Former RBI governor R Gandhi said that the RBI needs to re-introduce a one-time restructuring package and mere moratoriums will not suffice in unprecedented times like the COVID-19 pandemic.
Retailers claim online firms' predatory pricing strategy disrupting business
Inspector General of Police Kashmir S P Pani said while a Srinagar resident based in Pakistan had started an online campaign against the slain journalist, three Lashkar militants -- Jatt, Muzaffar Ahmad and Azad Malik carried out the killing.
