The New Development Bank, the latest multilateral funding institution in the financial world, has sanctioned a $250-million loan for India to fund its ambitious scheme on new and renewable energy.

President of BRICS NDB – Indian banker K.V. Kamath

This SBI Japan Desk will serve as an one-point comprehensive and reliable information support source for India-bound investments of Japanese companies.

ITBA-PAN will help in detecting if the person who came for applying for PAN Card is already having another PAN Card number.

The name of this branch is ‘India start-up Club’. It is a part of central govt.’s Start up Stand Up mission.

Bank for Investment and Development of Vietnam, State Bank of India, Taiwan’s Sun Commercial Bank and South Korea’s Shinhan Bank were granted preliminary license.

The approval gives the banks 12 months to demonstrate they can fulfill business plans laid out in their application to Myanmar’s government before they will be granted permanent licenses.

Bank for Investment and Development of Vietnam, State Bank of India, Taiwan’s Sun Commercial Bank and South Korea’s Shinhan Bank were granted preliminary license.

The approval gives the banks 12 months to demonstrate they can fulfill business plans laid out in their application to Myanmar’s government before they will be granted permanent licenses.

NPCI has launched unified payments interface (UPI) project, which will allow customers to transfer money and make payments almost as easily as they send a text message.

Multiple bank accounts can be linked to a single mobile banking application and money can be both received and requested through the same interface.

ICICI Bank has launched Proximity Payment Solution, a simple Tap and Pay experience using NFC (Near Field Communication) enabled tag. It can be used for merchant payments by merely tapping a NFC-enabled mobile phone or a tag on the counter.

ICICI Bank customers can also transfer money to the Tap-n-Pay account through an SMS

Airtel has became the first among the 11which were granted in-principle approvals in August 2015 to receive the formal licence from the central bank.
The ‘in-principle’ approval was valid for 18 months, during that time RBI had asked applicants to comply with the licensing norms. Most of the players who received the payments licences are yet to apply for the final licences.

The mentioned initiative has been taken after the Panama Papers leak case.