APN News

  • Monday, December, 2020| Today's Market | Current Time: 04:29:19

    • Banking

    Paytm Payments Bank has the best tech for UPI payments, confirms NPCI report

    Hyderabad/ New Delhi: India’s homegrown Paytm Payments Bank Ltd (PPBL), has once again outperformed all major banks in India in terms of the success rate of UPI transactions. According to the latest report by the National Payments Corporation of India (NPCI), PPBL has the lowest technical decline rate at 0.02% among all UPI remitter banks […]

    Banking

    M/s Transstroy India Ltd. – Financial Implication: Rs. 678.28 Crore- Fraud reported to RBI on 10.02.2020 and 100% provision made

    Bangalore: Canara Bank, a premier public sector Bank clarifies that it has an exposure of Rs.678.28 crore in the account of M/s Transstroy India Ltd,reported as fraud to RBI on 10.02.2020 where 100% provision has been made in the account. M/s Transstroy India Ltd. (TIL), established in the year 2001, is in line of business of […]

    Banking

    Canara Bank launches “FX 4 U” for forex remittance through Internet Banking

    Bangalore: Canara  Bank,  a premier public sector Bank announced the launch of its new tech product “ FX 4 U”. This product enables its entire internet banking users to handle forex transactions seamlessly.  Presently, the outward remittances module is activated and the remaining modules will be activated soon.  With the introduction of this facility, all […]

    Banking

    Business correspondent on boarding to jump by around 30% with video KYC, says Fino Payments Bank

    Mumbai: Shivam Chouksey runs a Bharat Petroleum (BPCL) franchisee outlet in Madhaya Pradesh’s Santapur, a nondescript village around 25 kms away from the nearest town Vidisha. The 27-year old’s plan to become a business correspondent (BC) of Fino Payments Bank required him to submit KYC details to open a BC account. In normal circumstances, Shivam […]

    Banking

    Canara Bank Retained Interest rates on loans/advances with effect from 07.12.2020

    Canara Bank, a leading Public Sector Bank, has retained its Marginal Cost of Funds Based Lending Rate (MCLR) on Loans / Advances across all tenors with effect from December 7, 2020. Accordingly, the tenor linked MCLRs of the Bank shall be as under with effect from 07.12.2020: Tenor Interest Rate (in %) Overnight MCLR 6.80 […]

    Banking Business Finance

    Muthoot Finance ranked India’s Most Trusted Financial Services Brand for 5th consecutive year

    Kochi, December 07, 2020: Muthoot Finance, India’s largest gold loan NBFC has won the title of “Most Trusted Financial Services” brand for the fifth year in a row according to TRA’s Brand Trust Report 2020 rankings. The ranking is based on primary research conducted across 8000 unique brands from 323 categories. Inputs were gathered across […]

    Banking Finance

    Personal Finance App ‘Branch’ garners 2 million downloads in India, becomes India’s most hassle-free loan app

    International personal finance app ‘Branch’ has achieved the feat of securing 2 million downloads in India with majority of its consumers being of less than 30 years of age. The one-of-its-kind app that provides instant loans has customers in all the 29 states of India and has disbursed more than Rs 1.21 billion as loans […]

    Banking Finance

    PayNearby partners with NPCI to launch ‘PayNearby Shopping Card’ powered by RuPay for retailers

    Mumbai: PayNearby, India’s largest hyperlocal fintech startup, has partnered with YES Bank and National Payments Corporation of India (NPCI) to launch PayNearby Shopping Card, enabling its retail partners to derive maximum benefits of digital commerce in the mass market category. The new offering aims to enable PayNearby retailers to seamlessly consume a range of digital […]

    Banking

    Sarvatra on-boards 50 co-operative banks on UPI platform

    Mumbai: Sarvatra Technologies, India’s leading banking technology provider, today announced that it has on-boarded 50 urban co-operative banks live on its UPI (Unified Payments Interface) platform, thereby making them interoperable with all the large banks across the country. The landmark milestone reflects more than 170% annual growth in the number of co-operative banks on the […]

    Banking Finance

    PayNearby partners with NPCI to launch RuPay Shopping Card for retailers

    Mumbai : PayNearby, India’s largest hyperlocal fintech startup, has partnered with YES Bank and National Payments Corporation of India (NPCI) to launch PayNearby Shopping Card, enabling its retail partners to derive maximum benefits of digital commerce in the mass market category. The new offering aims to enable PayNearby retailers to seamlessly consume a range of […]

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