A tokenised card transaction is considered safer as the actual card details are not revealed to the merchant during the process.
Barclays said the investment would help grow its corporate and investment banking, and private clients businesses in the country.
EASE 4.0 Highlights: Finance Minister Nirmala Sitharaman conducted the annual performance review of public sector banks (PSBs) on Wednesday, August 25, and unveiled EASE 4.0 (Enhanced Access and Service Excellence) aimed at institutionalizing a clean and smart banking system
The government is mulling allowing foreign direct investment (FDI) in the country's largest insurer LIC, a move which would help overseas investors take part in the company's proposed mega IPO
Tata Power Renewable solar project: It is spread across 756 acres and the installation is expected to reduce 3.34 lakh tonnes of carbon emission on an annual basis.
Despite having no 4G services, Bharat Sanchar Nigam Limited's subscribers share hasn't been affected, rather between 2016-17 and 2020-21 it has risen.
National Monetisation Pipeline has been designed to attract more investors to the country and encourage alternative financing.
HDFC Bank said that the dollar-denominated, Basel III-compliant AT1 notes were priced at 3.70 per cent - which is 42.5 bps lower than the initial price guidance.
Between August 20 and August 23, there are four bank holidays, therefore people are advised to complete their important tasks as soon as possible.
"The sales teams have been asked to meet a target of issuing 500,000 cards a month starting September for the next few months," said the source with direct knowledge of the matter.
Between August 19 and August 23, there are five bank holidays, therefore people are advised to complete their important tasks as soon as possible.
RBI has allowed HDFC Bank to issue new credit cards, months after it curbed some of the lender's operations due to outages in its digital payment services.
The total investment into India's fintech sector, moreover, has already crossed 90 per cent of the 2020 figure. Last year, the sector had attracted nearly $2.253 billion in investment.
RBI raised its 2021/22 inflation forecast to 5.7 per cent from 5.1 per cent and reiterated that it will continue to keep monetary policy accommodative as long as necessary to revive and sustain growth on a durable basis.
In a big relief to custodians of inland container depots, the government has fixed a four months timeline for closure of all such facilities