The bank is planning to increase number of account holders to 50,000-62,000 year-end.
Laying down strict regulations, RBI allowed co-operative banks to issue wallets for utility bill payments and other activities up to a limit of Rs 10,000.
New entrants want freedom to fix interest rates on savings account with a balance of less than Rs 1 lakh
Differential interest rates can be offered only on amounts above Rs 1 lakh, a restriction that payment banks say denies them an attractive way of getting more customers.
GST could be the touchstone for banks to extend a line of credit to small traders, and freelancers.
CIBIL intends to scale up its marketplace business by more than doubling its bank and NBFC partnerships.
Sodexo meal vouchers and cards are used by 11,000 corporate entities of India and accepted at around 30,000 merchant outlets and is used by around 30 lakh consumers.
In a fresh set of guidelines released Thursday the central bank said that banks need to open atleast 25% of their banking outlets in a year in unbanked rural centres.
In a first of its kind transaction in India, Kotak partnered with Deloitte and used the blockchain technology to complete LC transactions with JP Morgan Singapore as partner bank.
There is speculation that only one or two small banks in South India may have been affected and that the magnitude of the damage may not be much.
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