Payment Bank News

After the launch of Paytm Payments Bank on Tuesday, there are now three Payments bank in the country including India Post Payments Bank and Airtel Payments Bank. What is a Payments Bank? As part of its financial inclusion drive, RBI has ...

Your digital wallet Paytm is all set to launch its Payments Bank service on May 23. Paytm will merge it's wallet into Payments Bank from tomorrow. One97 Communications, the parent company of Paytm, received RBI's final nod for converting the digital ...

The Aditya Birla Group said it has received the licence from the Reserve Bank of India to start payments bank. Headed by Kumar Mangalam Birla, the group's outfit Aditya Birla Nuvo had set up a 51:49 joint venture Aditya Birla Idea ...

Airtel Payments Bank, offered by telecom major Bharti Airtel, today announced that over one lakh savings accounts were opened in 100 villages across Tamil Nadu. Through the initiative, the villages would have access to banking services along with the option of ...

India Post Payments Bank (IPPB) kicked off its operations by rolling out pilot services in Raipur and Ranchi. The bank will offer an interest rate of 4.5 per cent on deposits up to Rs 25,000; 5 per cent on deposits of ...

The leading depository NSDL will be applying very soon for the final licenses to launch a payments bank. It hopes to roll out the new entity over the next three months. "We have complied with all the requirements for the final ...

Finance Minister Arun Jaitley inaugurated Airtel Payments Bank of Bharti Enterprises, which is being rolled out across the country with an investment of Rs 3,000 crore. "As more and more telecom companies enter into the fray, I think we will hopefully, ...