Browsing: Banking

The world of banking, financial services, and insurance (BFSI) has fast-tracked the adoption of digital technologies over the past two years. With…

At Zolve, Freiberg will advise on overall growth and business strategy with a focus on enhancing the product and value proposition of Zolve’s offerings internationally

In his new role, Sanjay will also spearhead several strategic and business development initiatives for the company while steering smooth collaboration across its diverse businesses in India. His position will be key to advancing and strengthening the company’s strategic focus in India, the company said in its statement.

Renovite is a California based fintech with presence in both India and Britain, providing cloud-native technology to optimise payments processing through a wide range of products and about 140 employees, of which roughly 125 are engineers. 

As part of the MoU, GIFT City and Yes Bank to promoted fintech innovation and a fintech accelerator for encouraging, promoting and supporting fintech startups.

The Payments Infrastructure Development Fund was set up by the Reserve Bank of India (RBI) to subsidize deployment of Points of Sale (PoS) infrastructure (physical and digital modes) in Tier-3 to Tier-6 centres and North Eastern States of the country. 

Kotak Mahindra Bank on Wednesday announced that it has approved Shanti Ekambaram’s appointment as Whole Time Director of the bank. Ekambaram’s appointment is for a period of three years, with effect from November 1, 2022 or from the date of regulatory approvals, whichever is later.

Abhishek Deshmukh, Branch Banking Head – Maharashtra, said, “HDFC Bank is present in every district and over 280 talukas in the state. With the expansion plan, our presence will increase further, and it will also generate employment for over 3,000 people. HDFC Bank is committed to growth of Maharashtra and a testimony of the Bank’s commitment is that the Bank’s Credit to Deposit Ratio is over 100% in 29 districts of the state.”

Recently, a discussion paper was floated by RBI proposing a tiered charge framework for UPI payments. The paper also proposed replacing the zero-charge framework for UPI transactions with a subsidy. However, the government issued a statement saying it wouldn’t impose any charges on UPI.

Private lender, ICICI Bank has partnered with National Payments Corporation of India (NPCI) to launch RuPay Credit Cards. Called, ‘ICICI…