Payments Bank
What Is A Payments Bank? Why Was The Concept Introduced? | All You Need To Know
Sat, Mar 05, 2022
The concept of Payments Banks was introduced by the RBI in 2015. The idea behind this concept was to give banking license to fintech companies and provide banking services to the underserved population of India. Here is all you need to know about a Payments Bank.
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Payments Banks users alert! Check new limit by RBI
Thu, Apr 08, 2021
With an aim to boost digital payments in the country, the Reserve Bank of India on Thursday has increased the limit of maximum end of day balance for Payments Banks (PBs) to Rs 2 lakh. The earlier limit allowed by the RBI was Rs 1 lakh.
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Paytm Payments Bank vs Airtel Payments Bank vs India Post Payments Bank: We review
Tue, May 23, 2017
Paytm Payments Bank that will begin operations today will offer 4% interests on deposits. All deposits will be held in government bonds however the company said it was equipped to offer loans as well unlike other payments banks.
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Fino Paytech raises Rs 149 crore from ICICI Bank's insurance arms
Wed, Jan 11, 2017
Payments bank licensee Fino Paytech on Wednesday said it has raised Rs 149 crore from ICICI Lombard and ICICI Prudential, clearing the decks for it to seek Reserve Bank of India's (RBI) final nod as it becomes a majority domestic investors-owned entity.
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Airtel rolls out payments bank in Rajasthan; offers 7.25% interest
Wed, Nov 23, 2016
Airtel Payments Bank Limited (Airtel Bank), a subsidiary of Bharti Airtel Limited on Wednesday announced roll out of pilot banking services in Rajasthan to test systems and processes ahead of a full scale pan Indian launch.
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Notes ban likely to impact cashless economy, bonds: India Ratings
Fri, Nov 11, 2016
The government's recent ban on circulation of Rs 500 and Rs 1,000 currency notes is likely to impact various sectors right from cashless economy to growth of India's economic growth to financials of payments banks and banks, among others, said India Ratings and Research (Ind-Ra).
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