OneMoney partners with Eureka AI

OneMoney Group, having in its group India’s first account aggregator licensed by the RBI, has announced a strategic partnership with Eureka AI, an enterprise software company whose products allow institutions to apply artificial intelligence to the large customer and open banking data sets to deliver intelligence at scale. Continue Reading

Govt infuses Rs 14,500 cr capital into four public sector banks

The government has infused Rs 14,500 crore, mainly into banks that are under the RBI’s prompt corrective action framework to improve their financial health. Continue Reading

NPA will touch 30% by March: CIA

RBI has mentioned as official projection of NPA to be at 15 per cent by March. The Consortium Of Indian Associations (CIA) is of the view that NPA will touch nearly 30 per cent by March and requests for ‘right corrective steps’ be taken now. Continue Reading

Yes Bank customers can make payments through other bank accounts

Crisis-hit Yes Bank said today that customers could now make payments towards their credit card and loans through other bank accounts, days after prominent banking services were curtailed after the RBI imposed moratorium on the lender. Continue Reading

RBI ready to take measures to contain corona virus challenges: Das

Reserve Bank governor Shaktikanta Das today assured that the central bank will take every measure needed to secure the economy against the challenges arising from the corona virus epidemic. Continue Reading

Yes Bank’s digital partners hit by moratorium

After Yes Bank was placed under moratorium, digital payments were impacted as PhonePe, which depends on the cash-strapped lender for its transactions, could not operate. Continue Reading