Both Eastern Power Distribution Company of Andhra Pradesh and the Southern Power Distribution Corporation of Andhra Pradesh have started accepting QR code based payments.
Before demonetisation, an average 40% of customers used other banks' ATMs for cash withdrawal.Now, the number has shot up to almost 55%.
Govt has finalised 6 focus areas of growth for the country and has invited around 20 to 25 individuals from the financial space for discussions under the theme of ‘Reforms in financial sector’.
In the first leg, the company will acquire Wall Street Finance’s wholly owned subsidiary Goldman Securities (GSPL) for Rs 5.1 crore.
The bank also plans to make this service available at 75 more branches across the country very soon.
The enterprise plans to augment its pan-India presence by opening 10 new branches and beefing up its existing talent pool by acquiring the right talent from the banking and financial domain.
The business of automated teller machines (ATMs), which was marketed as ‘Any Time Money’ to convey its convenience, is staring at a crisis.
Most companies, particularly small businesses, may be clueless about the enormity of a problem or assess the seriousness of a threat.
Top executives of the payments industry met the regulator and voiced their responses to the suggestions and are now waiting for the final move from the regulator.
Capital Float, which specialises in lending to small and medium enterprises, will use the fresh funds for expanding its lending portfolio to consumer financing.
- No blogs yet have been written by the author, we’re sure the author will contribute one soon