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Finance

India Post to open payments bank with 650 branches

India Post, which already offers limited financial services through its 154,800 post offices, is also becoming a payments bank with 650 dedicated branches involving...

Bank of Maharashtra plans to raise INR 1Cr

The bank has decided to raise capital through FPO/Rights issue/QIP etc., upto Rs.1,000 crore, subject to the necessary approvals. Bank of Maharashtra has informed BSE...

YES BANK partners with Click & Pay

YES BANK, India’s fifth largest private sector bank, has partnered with Click&pay, T-Hub’s portfolio company and a mobile-based payment solutions enterprise, to facilitate cashless,...

SBI Becomes the Top Merchant Acquiring Bank in the Country

SBI is working aggressively towards promotion of less-cash economy. As per latest data released by RBI (as on February 2016), SBIhas now become the...

Jaitley to pay six-day visit to Japan to woo investors

Finance Minister Arun Jaitley will leave here tomorrow evening on a six-day visit to Japan during which he will seek enhanced foreign investment in...

Merger of SBI associate banks to cost Rs 3,000 cr: Bhattacharya

The proposed merger of SBI with its five associate banks and Bharatiya Mahila Bank (BMB) will lead to savings, improve treasury operations and cut...

Head post offices to have ATM facility from June

India Post ATMs will be integrated with other bank networks All the three head post offices in Kollam district will be provided with the automatic...

ATMs to have chip-and-pin based infra: RBI

RBI says the move will enhance the safety and security of transactions at ATMs RBI has directed all banks and white-label ATM operators to have...

Federal Bank Offers 800 Payment Options in FedMobile

Mumbai: Federal Bank has come out with enriched features on its Mobile banking platform – FedMobile. Bank has added 300 large merchants spread across...

Chinese investments in India increased by six times

Investment in India by Chinese companies in 2015 reportedly rose six-fold from 2014, partly thanks to low investment restrictions and favourable tax and land...

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