Search result for 'banking correspondent'

Airtel Payments Bank reports Q2 profit of Rs 11.8 cr, revenue crosses Rs 800 cr. Strong growth driven by digital model and customer trust.

BLS E-Services subsidiary, Zero Mass, partners with Bank of Maharashtra as a corporate business correspondent to expand financial inclusion.

Indian Overseas Bank (IOB) unveils Vision 2047, focusing on customer needs, digital banking, and aligning with India's growth aspirations. New initiatives include WhatsApp banking and real-time...

CBI investigates 8.5 lakh mule bank accounts used in a pan-India cyber crime conspiracy to launder money. Bank officials under scanner for negligence.

CBI detects 8.5 lakh mule bank accounts used by cybercriminals for money laundering across 700 branches. Nine suspects arrested in multi-state operation.

PM Modi announces the formation of a deregulation commission to reduce state's role in governance, emphasizing ease of doing business and promoting private sector growth.

Bank employees in Maharashtra have deferred a strike after the state government assured enhanced security for employees working on the 'Ladki Bahin' scheme, which aims to provide financial...

Business Correspondent Resource Council (BCRC) seeks a 30 bps hike in commission for agents, citing rising costs and crucial role in financial inclusion. Read more.

India aims to open 3 crore new PMJDY accounts in FY25, boosting financial inclusion. Finance Minister Nirmala Sitharaman announced the target ahead of the scheme's 10th anniversary.

India's Financial Services Secretary calls on private banks to prioritize serving marginalized communities and enhance financial inclusion programs. The meeting reviewed the progress of schemes...

Punjab & Sind Bank plans to open 100 branches and add 100 ATMs in FY24, aiming to expand its reach across India. The bank also plans to increase its BC network and improve customer experience.

India's government plans a nationwide program using dairy and fishery cooperatives as banking agents, offering micro-ATMs and lower-interest farm loans in rural areas.

BLS E-Services, a rural banking outlet operator, plans an acquisition in FY24 for inorganic growth. The company has earmarked Rs 28.71 crore for the deal and is also expanding its network and...

India's Ministry of Electronics and IT is developing a component-linked incentive scheme to encourage local electronics production, including semiconductors and components. The scheme aims to make...