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Payment bank News

23 Jul 2024

FM Sitharaman Announces 100+ India Post Payment Bank Branches in North East

Earlier this year, India Post Payments Bank announced the attainment of a significant milestone, with eight crore customers now benefiting from its innovative and inclusive financial services.

24 May 2017

PayTM starts its Payment bank

04 Jun 2016

India Post issues first My Stamp on ecommerce; features Amazon

India Post released the first 'My Stamp' on e-commerce featuring Amazon on June 3 to commemorate three years of its partnership with the e-tailer. "This is the first time that the Department of Post has released 'My Stamp' to commemorate a milestone with an ecommerce marketplace. The launch reinforces the Amazon and India Post relationship," Karnataka Circle Chief Chief Post Master General Usha Chandrashekar said in a statement.

01 Jun 2016

Cabinet approves India Post payments bank proposal

The Union Cabinet on Wednesday approved the Department of Posts (DoP) payments bank proposal involving a project cost of Rs 800 crore.

28 Dec 2015

Postal Dept's payment bank to start from March 2017

India Post will launch its payment bank by March 2017, Telecom Minister Ravi Shankar Prasad said Monday.

Mobile commerce

09 Nov 2015

Paytm to hire 3,000 people for payment bank operations

The Alibaba-backed firm is expected to start its payment bank operations next year.

Mahindra Finance

26 Apr 2015

Mahindra Finance eyes 50% stake in proposed Payment Bank

Mahindra Finance is likely to hold up to 50 per cent stake in the proposed Payment Bank, for which a group entity has applied for a licence from RBI.

29 Jan 2015

Bharti Airtel, SKS Microfinance eye niche bank licences

Private sector lender Kotak Mahindra Bank will have a 19.9 percent stake in the proposed banking venture of Bharti Airtel.

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