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The Yes Bank alternate Board recommended to the RBI for its approval, the appointment of Kumar as MD & CEO of the Bank for a period of three years.

HDFC Bank's progress over the past year has resulted in the lifting of the restrictions on the new card acquisitions followed by the removal of the embargo on digital 2.0 programmes in March 2022.

The financial institutions that will not be able to complete the implementation of the new system post September will be barred from onboarding of new customers.

Inflation hit a record high of 11.1 per cent in November and escalating prices have left those who were previously well off struggling to feed their families

RuPay PoS will transform smartphones into merchant Point of Sale (PoS) terminals for the retailers.

The Reserve Bank of India (RBI) has decided to build an Automated Banknote Processing Centre (ABPC) in Jaipur to dispatch and store, and for receipt of currency notes.

Axis Bank contactless payment based on the mobile application will allow customers to make transactions by just tapping NFC-enabled Android mobile phones.

Amitabh Chaudhry has been ppointed managing director and chief executive of Axis Bank for a three-year term.

To offer banking services to the doorstep of every citizen, Prime Minister Narendra Modi has launched India Post Payments Bank (IPPB).

Infibeam has said it has received shareholders’ approval to expand business in IT segment, set up a payments bank and raise Rs 2,000 crore.