Suresh Sethi brings with him 27 years of experience in the financial services industry with Citi group, Yes Bank and Vodafone.
Debit card swipes at ATMs have slipped 18 per cent to 655 million transactions in May this year.
Data from NSDL shows Rs 22,997 crore was pumped into Indian markets by foreign institutional investors in the current month.
Currently, 42 large billers in 5 utility sectors have been on-boarded. Major public sector banks including State Bank of India (SBI) are still under certification. "The real impact would be visible only when SBI joins," added Mr Hota.
The bank reported a net profit of Rs 437.5 crore for the June quarter against Rs 264.7 crore last year.
Using Radio Frequency Identification (RFID), Zeta has converted the office ID card into a Super ID and enable cashless payments at office cafeterias.
Non-banking finance companies benefit from the falling rate environment. If you look into the housing sector, everyone wants to upgrade.
Provisions for the bank jumped to Rs 112 crore against just Rs 35 crore last year.
We plan to reduce usage of paper and cash in the regular course of our business: Rajeev Yadav, Fincare
To get the MFI customers on to the banking channel we need to develop doorstep banking services says Rajeev Yadav, Fincare Small Finance Bank
Speaking on the occasion,, “Bank Branches have a dire need to reinvent themselves as cost pressures mount and reducing transaction based revenue force them to downsize and become leaner.
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