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Cashless Banking

 The ATMs which are set up, owned and operated by non-bank entities are known as White Label ATMs.

Forgot To Collect Your Debit Card At ATM? Immediately Block Card, Apply For Fresh One

If you have forgotten your debit card at an ATM booth, then it will be either destroyed or returned to you depending on which bank/branch you lost it. But it is better to block your card or at least disable contactless...

16 August 2022

Demonetisation Catalysed Digital Payments, But Nobody Knows Its Impact On Black Money

Five years post demonetisation, was PM Modi’s ‘masterstroke’ to curb the menace of black money a success?


Digital Banking Will Be The Future Of Banking Post Corona Pandemic

Customers now expect banks to maximize digital interactions and come up with digital alternatives for their day-to-day banking needs as they are now more open to trying out a new app than they were before the COVID-19...


Central Bank Digital Currency (CBDC), Stablecoins Could Co-Exist With Legal Tender: Report

CBDCs may be more integrated with the life of an average consumer in the future. However, infrastructure adoption and risk and cost management are a challenge.

01 August 2022

5 Years Of Demonetisation: Did We Actually Need It to Formalise Indian Economy?

Even after five years of demonetisation that aimed to promote digital economy, Indians still love to deal in cash


Cash No King Anymore: Covid Pandemic Has Accelerated Adoption Of Digital Payments

Given the fact that Coronavirus can sustain on various surfaces for several hours, bank notes going through rapid change of hands during a day could turn out to be a serious health hazard. The risk could be even more...

17 July 2020

Neobanks

Are Neobanks The Future Of Banking?

With everything becoming digital, brick-and-mortar banks also become a thing of the past. Here’s how neobanks which operate entirely digitally could become the future of banking

17 March 2022

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How India Wants Its Money And Why Cashless Transaction Is Far From Reality

With 100 million users in a country of 1,350 million, cashlessness of the digital kind is a long way home

14 June 2019

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08 January 2019
FASTags To Be Available Across Country At Petrol Pumps, No KYC Required

FASTags To Be Available Across Country At Petrol Pumps, No KYC Required

Two mobile apps were also launched to enable real-time recharge of any FASTag through UPI and linking them with customer's bank account.


18 April 2018
Logistic Issues In Replenishing ATMs Reason Behind Cash Crunch: RBI

Logistic Issues In Replenishing ATMs Reason Behind Cash Crunch: RBI

"The situation will stabilise once demand normalises... Supply of currency will also reduce. So it is function of demand and supply."


17 April 2018
Why Are ATMs Running Dry Again, A Year And Half After Demonetization?

Why Are ATMs Running Dry Again, A Year And Half After Demonetization?

The shortage of currency has spread to states like Maharashtra, Bihar and Gujarat, despite the currency in circulation crossing the pre-demonetisation level.


06 January 2018
Coins Of Change

Coins Of Change

Digital currency can rid India of high-cost cash woes


15 December 2017
Controversial FRDI Bill With 'Bail-In' Clause, Deferred

Controversial FRDI Bill With 'Bail-In' Clause, Deferred

The so-called "bail-in" clause in the draft bill has been commented upon by experts as bringing potential harm to deposits, in the form of savings accounts.


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07 December 2017
Preparing For Cyprus Moment: Centre May Allow Banks To Use Your Hard-Earned Deposits In Case It Collapses

Preparing For Cyprus Moment: Centre May Allow Banks To Use Your Hard-Earned Deposits In Case It Collapses

Scary Bail-in clause in FRDI Bill cleared by the Union Cabinet in June 2017 allows banks to finance themselves using depositors money.


29 November 2017
Paytm Payments Bank Officially Launched, Here Are Some Key Features

Paytm Payments Bank Officially Launched, Here Are Some Key Features

The bank offers a saving account with zero opening charges, unlike most of the other bank accounts.


04 October 2017
Paytm Payments Bank Suffers Rs 30.7 Crore Loss Between August 2016 And March 2017

Paytm Payments Bank Suffers Rs 30.7 Crore Loss Between August 2016 And March 2017

Paytm Founder Vijay Shekhar Sharma holds 51 per cent share in Paytm Payments Bank, while the rest is held by Alibaba-backed One97 Communications.


29 September 2017
Rush To Install Swipe Machines May Cause Rs 3,800 Crore Loss To Banking Industry: SBI Research

Rush To Install Swipe Machines May Cause Rs 3,800 Crore Loss To Banking Industry: SBI Research

After the note-ban last November, the Narendra Modi government has pushed banks into deploying millions of points-of-sale (PoS) machines to encourage online...


19 September 2017
Study Says 50 Percent Of Train Tickets Still Purchased In Cash

Study Says 50 Percent Of Train Tickets Still Purchased In Cash

RailYatri, a web-based firm that provides various rail and bus based solutions, conducted the study among 50,000 travellers across 25 cities and consulted...


08 September 2017
Payment For Alcohol Should Be In Digital Mode, Traders Body Suggests To Government

Payment For Alcohol Should Be In Digital Mode, Traders Body Suggests To Government

'Any person purchasing liquor from any shop should be made obligatory to make payment through digital mode'


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17 June 2017
They Aren’t Beggars

They Aren’t Beggars

As a society we have been terribly cruel to our cousins whom we have left behind in the farms to feed us in the cities...


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