Experian is already playing an active role in fraud detection in India by running the Experian Fraud Bureau. Now launched its ‘Hunter Fraud Score’, a new scoring mechanism that measures the probability of fraud in a credit application across banking and insurance industries.

Centre planned to privatize IDBI Bank, by reducing government’s stake from 76.5 per cent to less than 51 per cent in Nov 2015

Jaitley had announced the merger of PSBs in Budget speech.

The bankers unanimously decided that they will not lend to Punjab unless the issue of missing foodgrain is resolved.

National Payments Corporation of India (NPCI), the domestic umbrella organisation for all retail payments system, have attained a milestone as about 1,000 banks have joined its centralised network christened as National Automated Clearing House (NACH) system that helps processing bulk payments.

Disha Microfin, which has received RBI’s approval to run a small finance bank, announced that it will acquire non-banking financial entity Future Financial Services.

Ahmedabad-based Disha Microfin provides microfinance products and services to rural, semi urban and urban women on a commercially sustainable basis.

Vijay Shekhar Sharma is the founder of Paytm. Vodafone India business head (M-Pesa) Suresh Sethi, will be the vice-chairman of the group.
Up to now, 6 of the 10 entities who have been granted approval for payments bank in the country have joined IAMAI.

Aditya Birla Idea Payments Bank Limited is one of the 11 entities which were given approval by RBI to start Payment Bank.

The board of Idea Mobile Commerce Services has approved its proposed amalgamation with Aditya Birla Idea Payments Bank Limited, which will seek licence from the RBI in due course.

Through this tie-up, Tata Capital will utilize the acquisition channels on Biz2Credit’s small business lending marketplace in India, thereby making finance available to thousands of small and mid-sized companies in the country

11entities 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.

Airtel has received the final license.