By Mr. Tanveer Inamdar, Fintech Director of Mbank While we have been gradually veering towards e-payments, a report that we just read shows that Visa and Mastercard remittances have dropped dramatically and so have the revenues of online shopping. Here it is more economics than tech. However, there is a definite acceleration of the adoption […]

Banking

First bank in India to introduce iris  biometric authentication feature on micro ATMs for Aadhaar-based transactions Iris scan technology to offer enhanced biometric success rate and better performance speed over currently used modalities Initiative to provide a fillip to overall Financial Inclusion agenda of the Bank; especially benefitting rural customers & senior citizens August, 2018: Axis […]

Banking

Mumbai, Feb 2018: ICICI Lombard General Insurance Ltd., one of India’s leading private sector general insurance companies and RBL Bank have entered into a Corporate Agency Tie-up agreement. The agreement has been signed for the distribution of ICICI Lombard’s non-life insurance products at RBL Bank branches all over the country as part of the insurer’s […]

Banking

New Delhi: The Oil and Natural Gas Corporation (ONGC) borrowed around Rs. 4,000 crores from ICICI Bank on Wednesday. The borrowing is part of a tie-up with the three banks – Punjab National Bank, Bank of India and Axis Bank, which took Rs. 18,060 crores for part funding its acquisition cost of Rs. 36,915 crore […]

Banking