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'HDFC Bank' Begins Offline Payment Pilot Under RBI Sandbox
The country's largest private sector lender HDFC Bank on Monday said it is attempting to execute digital payments in an offline mode under a regulatory facility to test innovations. Apart from executing transactions in no network areas, such a facility will ...
Paytm Payments Bank Appoints MD, And CEO Post RBI Nod
Paytm Payments Bank has received banking regulator RBI's nod to appoint Surinder Chawla as its Managing Director and CEO, the company said in a statement on Sunday. The RBI, however, continues to bar Paytm Payments Bank from on-boarding new customers. "Paytm ...
RBI To Extensively Use AI, MI Driven Tools, For Data Analysis
Artificial Intelligence (AI) and Machine Learning (ML) driven tools for data analysis and information creation will be integral part of Reserve Bank's Medium-term Strategy Framework ‘Utkarsh 2.0' for the period 2023-2025 launched on Friday by Governor Shaktikanta Das. The first strategy ...
BharatPe Files, Criminal Suit Against Ashneer Grover, Family
Fintech unicorn BharatPe has filed a criminal suit against its former MD and co-founder Ashneer Grover and his family, seeking up to Rs 88.67 crore in damages for alleged cheating and embezzlement of funds. The suit, running into 2,800 pages, alleges ...
US: French Cement Firm Admits Islamic, State Group Payments
French cement company Lafarge pleaded guilty Tuesday to paying millions of dollars to the Islamic State group in exchange for permission to keep open a plant in Syria, a case the Justice Department described as the first of its kind. The ...
No Loss Of Interest, For EPF Subscribers: FinMin
The Finance Ministry has said there is no loss of interest rate for EPFO subscribers and the delay in crediting interest for the last fiscal is due to software upgrade being conducted. It further said that for all outgoing subscribers seeking ...
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