Page-3 of Digital Banking
Payment Infrastructure Development Funds
The Reserve Bank of India recently announced operational guidelines to Payment Infrastructure Development Funds. The main aim of the funds is to deploy more digital payment infrastructure across tier-3 to tier-6 centres and in the north eastern states. What are ..
Month: Current Affairs - January, 2021
DakPay of India Post Payment Bank
“DakPay” is an application launched by India post payment Bank as a part of its ongoing initiatives to provide digital financial inclusion to the country. The application was launched by the Union Minister for communications, law and Justice and electronics ..
Month: Current Affairs - December, 2020
Bengaluru accounts for the highest number of digital transactions in India
As per the recent report by online payment processor Worldline India, Bengaluru accounted for the highest number of digital transactions in India in 2019. Bengaluru, which was the leading city in digital transactions in 2018, is followed by Chennai, Mumbai and Pune ..
GoI to increase reach of banking in the North-East Tea Garden areas
On February 27, 2020, the Finance Minister Nirmala Sitaraman announced that the banking in the North East Region is to be increased. Highlights The minister in a meeting with economists, trade and industry representatives and policy experts announced that the ..
Month: Current Affairs - February, 2020
EASE 3.0 launched by the Finance Minister to enhance Ease of Banking
On February 26, 2020, the Finance Minister Nirmala Sitaraman launched Enhanced Access and Service Excellence (EASE 3.0). It was launched along with the annual report of EASE 2.0 at a function organized by Indian Banks’ Association. Highlights The main aim ..
Month: Current Affairs - February, 2020
RBI to launch Digital Payments Index
The Reserve Bank of India (RBI) recently released its statement on developmental and regulatory policies, along with the February 2020 Monetary policy statement. In the statement, the central bank announced about the launch of Digital Payments Index (DPI), which will ..