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Axis Bank has acquired Citibank’s India retail business and its non-banking financial company (NBFC) consumer business as per this deal
Banking

Axis Bank completes Citibank India’s retail business purchase, pays Rs.11,603 crore

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The new two-factor or layer authentication is adding add-on checks to validate the genuineness (liveness) of the fingerprint
Banking

UIDAI successfully rolls out new security mechanism for Aadhaar-based fingerprint authentication

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PM Modi along with his Singaporean counterpart Lee Hsien Loong witnessed the launch of cross-border connectivity between the UPI and PayNow of Singapore
Banking

Digital transactions to soon exceed cash in India: PM Narendra Modi

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Paytm said it continued to witness strong revenue momentum across its businesses
Banking

Paytm registers an increase in revenue from operations; YoY growth of...

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Government's push toward digital payments have also been a major factor in the growth of UPI transactions
Banking

UPI-based transactions see a substantial surge; hit record 8.03 bn in...

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Aadhaar e-KYC service is increasingly playing an important role in banking and non-banking financial services by providing a transparent and improved customer experience
Banking

Aadhaar e-KYC transactions surge 18.53% in Q3 of FY 2022-23

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GNPA ratio of banks steadily trending down to a seven-year low of 5% in September 2022, while net NNPA have dropped to a ten-year low of 1.3% of total loans
Banking

Reserve Bank’s resolute efforts resulted in material decline in NPAs of...

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RBI extends bank locker agreement renewal deadline to Dec 2023, relieves customers from renewal stress
Banking

RBI gives extension for locker agreements renewal till Dec 31

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Indian banks have benefited from a pickup in credit growth and improving asset quality as the country's economy continues to consolidate a recovery
Banking

Indian banks gave highest returns in Asia-Pacific region for second consecutive...

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The accused Unitech founders are facing another CBI probe pertaining to alleged fraud in the Canara Bank
Banking

Unitech, promoters booked by CBI in fresh bank fraud case of...

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