BHIM is the common platform across the nation for making simple, easy and quick payment transactions using Unified Payments Interface (UPI).
Gaurav will be based in Mumbai and will be responsible for formulating IndusInd Bank's economic forecasts and developing cross-border thematic research.
Customers can download any of ToneTag’s partner apps including YesPay, Airtel Money and ICICI Pockets and can select the ToneTag option to make cashless payments.
The world’s fastest growing major economy in line with its strategy to become the preferred provider of cross-border payment services.
Under the agreement, Bank of Maharashtra will offer the all of Cigna TTK’s superior health insurance products to its 2 crore customers through its network of over 1,896 branches.
Deposits rose 13.9% or Rs 12.7 lakh crore to Rs 105 lakh crore against a 10% rise reported last year, according data released by the Reserve Bank of India.
The nine-day cultural extravaganza from Feburary 4 to Feburary 12 in Mumbai is a celebration of visual, performing and culinary arts across venues like Rampart Road, Asiatic Steps and Cross Maidan.
Cyber attacks on Indian banks are on the rise with about four banks’ systems being compromised in the past few months.
"BHIM is a minimum white-label application, beyond which banks can offer additional stacks of experiences unique to our customers or perhaps sometimes we could also develop our own co-branded payment application," said Mrutyunjay Mahapatra, chief information officer, SBI.
FM has said a Committee on Digital Payments constituted by Dept of Economic Affairs has recommended structural reforms in the payment systems, including amendments to the Payment Act.
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