On 7 May, country's largest lender, State Bank of India launched a RuPay Platinum debit card, in association with National Payment Corporation of India (NPCI). The occasion was marked with the presence of Arundhati Bhattacharya, Chairman, SBI; B Sriram Managing Director & Group Executive (National Banking), SBI; and AP Hota, MD and CEO, NPCI. The […]
India’s third largest private lender, Axis Bank, has launched a new service enabling its customers to transfer money using social media platforms. The service allows customers to use such platforms as WhatsApp, Facebook, Twitter, e-mail and SMS through Ping Pay, a mobile application to transfer money. By launching this service the bank is looking to […]
To promote card-based transactions, IDBI Bank has tied up with National Payment Corporation of India (NPCI) to launch Rupay Platinum Debit Card. According to the bank, the card is in line with the Reserve Bank of India’s vision. The card offers open-loop, multilateral payment system to all banks and financial institutions in India. On registering for […]
In a move towards a cashless society, Axis Bank has collaborated with Suvidha Infoserve to launch a prepaid card. The card aptly title Axis Bank-Suvidha prepaid card leverages e-KYC platform to help customers deposit and withdraw cash instantly. MD & CEO of AXIS Bank, Shikha Sharma said, “The Axis Bank Suvidhaa Prepaid card is another […]
ICICI Bank, one of the largest private sector banks in India, has partnered with Tech Mahindra to launch “Tap-n-Pay”, a payment service. This service will allow customers to make payments without using cash, thus reducing dependence on cash. Essentially, ‘Tap n Pay’ is a prepaid account to which customers can transfer money online from their […]
With banks slashing home loan rates at the drop of a hat currently, home loan balance transfer or loan refinancing is emerging to be a popular trend. And, why not! It is a win-win for both existing home loan customers and banks — you get to refinance your existing loan at a lower rate and […]
With the news launch of Apple iWatch being launched later this month, companies are already queuing up to be ready for the product. The first among the fray is HDFC Bank, India’s second largest private sector bank. By being the first to enter “watch banking”, the bank has definitely raised the bar for other financial […]
Taking a home loan and paying it off is the biggest financial achievement we make in our lifetime. The huge debt burden and the long duration are the two daunting aspects of home loans. However, with some intelligent planning you can pay off your loan and become debt-free much sooner than you had imagined. There […]
In a move to fulfill PM Modi’s goal of including poorest of the poor into the banking system, RBI governor Raghuram Rajan announced setting up of Postal Bank of India (PBI) on 02nd April. The bank will enable the government to capitalize on the infrastructure and distribution network of the department of posts to further […]
In an attempt to make inroads into the young consumer segment, the State Bank of India (SBI) launched a new SimplySAVE credit card on 30 March. The latest product from the SBI stable offers its users a chance to earn 10 points on every Rs 100 spent on dining out, purchasing movie tickets and shopping […]
