Fresh KYC process can be done through video, says RBI
The Reserve Bank of India has released fresh guidelines for the know your customer (KYC) processes that allow for them...
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Fintech
PSBs to set up joint digital platform to connect with fintech companies
Public sector lenders including the State Bank of India will jointly set up a unified cloud-based digital platform to connect...
Read moreBig 4 are now emerging as big force in M&A I-banking, too
The Big Four firms are striking large and complex mergers & acquisition (M&A) investment banking deals, hitherto the preserve of...
Read moreNeed similar regulations for banks and fintechs if underlying activity is same: RBI DG
Reserve Bank Deputy Governor T Rabi Sankar on Wednesday pitched for similar regulation for both banks and non-bank entities like...
Read moreCoordinated efforts taken to contain Chinese loan apps: FM in Rajya Sabha
Government departments and the Reserve Bank of India (RBI) are taking coordinated steps to check Chinese mobile apps offering easy...
Read moreHDFC Bank acquires 7.75 per cent stake in fintech start-up Mintoak for Rs 31.1 crore
One of India’s largest private sector lenders HDFC Bank on Wednesday acquired a minority stake in Mintoak Innovations Private Limited...
Read moreRBI shortlists 7 global consultancy firms to use AI, ML to improve regulatory supervision
The Reserve Bank has shortlisted seven global consultancy firms, including Pricewaterhouse Coopers, McKinsey and Boston Consulting Group (India), to use...
Read moreUPI payment limit: This is the daily amount one can spend using GPay, PhonePe, and Paytm
Amazon Pay has also set a Rs 1,000,000 maximum money transfer limit via UPI. Notably, users can only transact up...
Read moreUPI transactions see 650% rise at semi-urban, rural stores: Report
The unified payments interface (UPI) transactions witnessed a meteoric 650 per cent rise at the semi-urban and rural stores in...
Read moreIDFC partners with Sa-Dhan to provide digital microfinance solutions to feature phone users
Private sector lender IDFC First Bank has partnered with the association of microfinance institutions Sa-Dhan and Delhi-based fintech solutions provider...
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