As part of its Payment and Settlement Systems in India: Vision — 2019-2021, the Reserve Bank of India (RBI) is looking to enhance the usage of debit cards by improving the card acceptance infrastructure. The RBI is expecting to have 34 per cent increase in point of sale...
State-owned Bank of Baroda (BoB) is considering the option of rationalising 800-900 branches across the country to improve operational efficiency, following its merger with Dena Bank and Vijaya Bank. The merger of Dena Bank and Vijaya Bank with BoB became effective from April 1. It does not make...
A Reserve Bank-appointed committee headed by Aadhaar architect Nandan Nilekani submitted its suggestions on promoting digital payments to Governor Shaktikanta Das Friday, the central bank said. In January, the Reserve Bank of India had set up the five-member panel on deepening digital payments with a view to encouraging...
Kumbakonam-based private sector lender City Union Bank (CUB) has reported a 15% rise in its net profit at Rs 175.12 crore for the fourth quarter against Rs 152.12 crore in the corresponding quarter last fiscal.The total income of the bank was at `1,131.44 crore against `990.48 crore, registering...