Suvashree Ghosh And Anto Antony Bloomberg
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India’s Mobile Payments Revolution Slowed Down by Tech Glitches at Big Banks
The networks of India’s biggest banks have struggled to keep pace with India’s mobile payments revolution, crashing again and again. The outages are exposing years of underinvestment in technology and a surprising lack of preparedness, analysts and executives say.
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India's Mobile Payments Revolution Dragged Down By Bank Tech Glitches
Even before the pandemic, Indian consumers were taking up mobile payment technologies with remarkable speed. There's just one problem: The networks of India's biggest banks have struggled to keep pace, crashing again and again.
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Uday Kotak, World's Richest Banker, Made $16 Bn After Brush With Death
A ball that hit him in the head and led to an emergency surgery pushed a 20-year-old Mr Kotak to abandon his dream of becoming a professional player
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Cash-Starved Lakshmi Vilas Bank Will Not Fail, Says Founder
Lakshmi Vilas Bank's troubles come just months after the rescue of larger private-sector peer Yes Bank Ltd. in what was India's biggest bank bailout.
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He Was Debt Collector At 12. Now He's Chasing Rs 1.5 Lakh Crore For SBI
From the age of 12, Challa Sreenivasulu Setty spent his school vacations collecting debts for his father's grocery store in the small south Indian village of Potlapadu.
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Capital-Hungry Yes Bank Has Another Pain Point
Yes Bank's loss of mom-and-pop deposits in September was manageable in the end, though it pointed to a risk for the lender whose peers HDFC Bank Ltd. and ICICI Bank Ltd. drew more savings from customers during that period
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HDFC Bank Sees Rural Revival Signs Amid Worst Pace Of Growth In 6 Years
For HDFC Bank, the weaker economy had led to a slowdown in loan growth, which eased to 15 per cent in the September quarter from 23 per cent a year earlier.
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Deutsche Bank, Amid Job Cuts, On Biggest Bout Of Hiring In India In Years
Deutsche Bank started its India operations in 1980 and now has about 1,800 employees in businesses including retail and wholesale banking, investment-banking advisory and wealth-management services.
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India's Payment Apps Race To Catch Up With China In Squeezing Out Cash
In India, digital payments have climbed more than five times since 2015 to 22.4 transactions per person in the year ended March, Reserve Bank of India figures show.
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India Verifies WhatsApp Compliance Before Payments Service Approval
Rules require WhatsApp to submit a third-party auditor report that all data involved in payments will be only stored on servers in India.
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India’s Mobile Payments Revolution Slowed Down by Tech Glitches at Big Banks
The networks of India’s biggest banks have struggled to keep pace with India’s mobile payments revolution, crashing again and again. The outages are exposing years of underinvestment in technology and a surprising lack of preparedness, analysts and executives say.
-
India's Mobile Payments Revolution Dragged Down By Bank Tech Glitches
Even before the pandemic, Indian consumers were taking up mobile payment technologies with remarkable speed. There's just one problem: The networks of India's biggest banks have struggled to keep pace, crashing again and again.
-
Uday Kotak, World's Richest Banker, Made $16 Bn After Brush With Death
A ball that hit him in the head and led to an emergency surgery pushed a 20-year-old Mr Kotak to abandon his dream of becoming a professional player
-
Cash-Starved Lakshmi Vilas Bank Will Not Fail, Says Founder
Lakshmi Vilas Bank's troubles come just months after the rescue of larger private-sector peer Yes Bank Ltd. in what was India's biggest bank bailout.
-
He Was Debt Collector At 12. Now He's Chasing Rs 1.5 Lakh Crore For SBI
From the age of 12, Challa Sreenivasulu Setty spent his school vacations collecting debts for his father's grocery store in the small south Indian village of Potlapadu.
-
Capital-Hungry Yes Bank Has Another Pain Point
Yes Bank's loss of mom-and-pop deposits in September was manageable in the end, though it pointed to a risk for the lender whose peers HDFC Bank Ltd. and ICICI Bank Ltd. drew more savings from customers during that period
-
HDFC Bank Sees Rural Revival Signs Amid Worst Pace Of Growth In 6 Years
For HDFC Bank, the weaker economy had led to a slowdown in loan growth, which eased to 15 per cent in the September quarter from 23 per cent a year earlier.
-
Deutsche Bank, Amid Job Cuts, On Biggest Bout Of Hiring In India In Years
Deutsche Bank started its India operations in 1980 and now has about 1,800 employees in businesses including retail and wholesale banking, investment-banking advisory and wealth-management services.
-
India's Payment Apps Race To Catch Up With China In Squeezing Out Cash
In India, digital payments have climbed more than five times since 2015 to 22.4 transactions per person in the year ended March, Reserve Bank of India figures show.
-
India Verifies WhatsApp Compliance Before Payments Service Approval
Rules require WhatsApp to submit a third-party auditor report that all data involved in payments will be only stored on servers in India.
