In September 2020, UPI clocked over 180 crore transactions in volume and breached Rs 3 lakh crore in terms of value. India’s digital payments growth skyrocketed as India stepped into …
Once the integration was complete,customers will be able to access a wider range of products and services,including access to the full suite of DBS digital banking services, DBIL said in …
Banks progressing towards positioning banking as a plug and play system where customised solutions can be extended to diverse platforms seamlessly. By Neeraj Sinha The gap between what customers expect …
Banks progressing towards positioning banking as a plug and play system where customised solutions can be extended to diverse platforms seamlessly. The Indian Banks’ Association on Friday made a strong …
LVB, which has been placed under the RBI’s prompt corrective action since 2019, had narrowed its losses to Rs 112.28 crore for Q1FY21 from a net loss of Rs 237.25 …
Continue Reading…Lakshmi Vilas Bank-DBS merger gets Cabinet nod, effective November 27
All the branches of the Lakshmi Vilas Bank will function as branches of DBS Bank India. The moratorium on Lakshmi Vilas Bank will be withdrawn on 27 November 2020 as …
The BC Sakhi program has unearthed a new and untapped potential of rural Uttar Pradesh to forge a way out of poverty, economise the region through enterprising efforts, spur growth …
Emailed queries sent to the bank about the cause of the outage did not elicit a response. HDFC Bank on Sunday said it had restored payment services on its digital …
Continue Reading…HDFC Bank restores payment services after outage at data centre
Government-backed guarantee loan scheme (ECLGS) also played a major role in the sequential improvement in the bank credit. Higher consumer spendings during the festive season have supported the bank credit …
RBI said that the financial position of the Lakshmi Vilas Bank has undergone a steady decline with the bank incurring continuous losses over the last three years, eroding its net-worth. …