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Citibank to launch digital payments product Spring in India in Q2

Mumbai, March 19 -- Citibank plans to launch its digital payments product 'Spring by Citi' in India in the second quarter of this year (April-June), Vineeth Subramanyam, managing director and global h... Read More


Paytm's bank is in a state of suspended animation. So, what's next?

Mumbai, March 14 -- By the end of 2016, efforts to kickstart the operations of Paytm Payments Bank had picked up pace. A board was already in place and on 4 November 2016, four days before demonetizat... Read More


Aditya Birla Capital, subsidiary Aditya Birla Finance to merge

MUMBAI, March 11 -- Aditya Birla Capital on Monday decided to take into its fold wholly-owned subsidiary Aditya Birla Finance, a move that would allow the upper layer non-bank financier to comply with... Read More


RBI bars exclusive tie-ups between card issuers and card networks

Mumbai, March 6 -- The Reserve Bank of India (RBI) on Wednesday restricted card issuers, such as banks, from entering into exclusive arrangements with card networks that forbid them from tapping rival... Read More


RBI approves AU-Fincare merger, to take effect on 1 April

Mumbai, March 4 -- The Reserve Bank of India has approved the proposed merger of Fincare Small Finance Bank Ltd with AU Small Finance Bank Ltd, a little over four months after it was first announced. ... Read More


RBI to streamline net banking by making merchant payments interoperable

Mumbai, March 4 -- Customers will soon be able to pay businesses through net banking irrespective of whether or not their banks and the merchants' payment aggregator are integrated, with the central b... Read More


RBI pushes for climate risk disclosures for banks, NBFCs

Mumbai, Feb. 28 -- The Reserve Bank of India (RBI) on Wednesday suggested that financial institutions, including banks and large non-bank financiers, should disclose climate change risks. The central ... Read More


This RBI circular could mean fewer ARCs to resolve toxic assets

Mumbai, Feb. 27 -- A Reserve Bank of India (RBI) directive from 2022 could potentially reduce the number of stressed asset turnaround companies in India, experts said, as these institutions try to mee... Read More


Paytm's Vijay Shekhar Sharma quits bank board

Mumbai, Feb. 27 -- Paytm founder Vijay Shekhar Sharma has stepped down as non-executive chairman of Paytm Payments Bank as the lender overhauls its board in the face of regulatory strictures. Sharma ... Read More


Paytm's Vijay Shekhar Sharma quits bank board

Mumbai, Feb. 27 -- Paytm founder Vijay Shekhar Sharma has stepped down as non-executive chairman of Paytm Payments Bank as the lender overhauls its board in the face of regulatory strictures. Sharma ... Read More