Standard Chartered Bank has launched a ‘Multicurrency Forex Card’, designed to offer travelers a secure way to carry money when traveling abroad.
Co recently gave an exit option to former investors -- a move credited to Surya
Apps like PaySense, LoanTap & EarlySalary are stepping in to meet a rising demand of India’s young and footloose generation by giving instant small-value loans.
In order to meet this target by end of March 2018, the government has split the number across 35 government ministries and 29 states and seven Union Territories.
Supply of new notes from RBI has plummeted in recent weeks leading to speculation it could be a deliberate ploy to restrict the flow of high-value currency.
A look at how laggards like Lakshmi Vilas Bank, Federal Bank and DCB Bank are scripting a turnaround
Banks like Lakshmi Vilas Bank and Federal Bank are correcting past mistakes, taking technology off the shelf and using available capital to script a turnaround.
The RFID tags are distributed by various tag issuing banks and are connected either to a bank account or a digital wallet from where the toll amount gets auto debited.
“We have named the product Selfe Fastag, which will allow any bank customers to procure Fastags from our bank from the comfort of one’s home,” the bank said.
Fino which was originally formed as a domestic remittance and payments company under the guidance of ICICI Bank later became an independent entity expertising in domestic remittance and digital payments.
Experts say such guarantees or covers might go against the intentions of the central bank.
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