Page-6 of Financial services

Paytm which is a Noida-based e-commerce payment system and digital wallet company has launched an option of recurring payments for its merchants to enable recurring payments. It has also started its own subscription business at an annual fee of Rs ..

‘FSS Voice Commerce’ Real-Time Voice Banking Platform launched

FSS (Financial Software Services) has unveiled ‘FSS Voice Commerce’ which is a real-time voice banking platform to provide customers with personalized banking interactions. This platform uses machine-learning language processing techniques for analysis and synthesis of language and speech to deliver ..

RBI proposed strict rules to open and run current accounts of corporate borrowers

Reserve Bank of India (RBI) would propose strict rules on opening and operating current accounts of corporate borrowers to prevent the diversion of funds. RBI had notified that the banks with collection accounts will have to transfer funds to the ..

Bimal Jalan committee to review Economic Capital Framework (ECF) for RBI

The six-member expert committee led by former RBI governor Bimal Jalan was appointed on December 26, 2018 to review the Economic Capital Framework (ECF) for the Reserve Bank of India (RBI). It is in news recently because the Jalan panel ..

Kotak Bank unveils Debit Card-Based e-mandate On NPCI’s API Platform

Kotak Mahindra Bank has unveiled the first debit card-based authentication solution on National Payments Corporation of India’s e-Mandate API (Application Program Interface) platform. Kotak Mahindra Bank has become the first ever Destination Bank to go live with both Net Banking ..

RBI asked Banks to disclose IL and FS NPA details in results

The Reserve Bank of India has asked banks and financial institutions to disclose the NPA stemming from their exposure to troubled infrastructure conglomerate Infrastructure Leasing & Financial Services Limited and its group entities in their upcoming results. New directions are ..