Banking Retail

Latest News for: Banking retail

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Coronavirus Leads to More Use of Contactless Credit Cards and Mobile Payments Despite Cost and ...

The Marshall News Messenger 06 Aug 2020

“Health experts say there is no clear evidence that COVID-19 is transmitted by cash or credit cards but retailers are putting health and safety first and have rolled out a variety of no-touch payment options in order to err on the side of caution,” NRF Vice President for Government Relations, Banking and Financial Services Leon Buck said....

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Airtel Payments Bank partners Bharti AXA General Insurance to secure retailers and merchants

Business Line 06 Aug 2020

Airtel Payments Bank has entered into a partnership with Bharti AXA General Insurance to offer shop insurance to the bank’s retailers and merchants ... A large number of thee bank’s retailers and merchants are small- and medium-size shop owners who are totally dependent on their shops for their livelihood.Big financial loss....

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RBI retains lending rates, maintains accomodative stance

Sify 06 Aug 2020

The Reserve Bank of India (RBI) on Thursday retained its key short-term lending rates, but maintained its growth oriented accomodative stance ... It was expected that the Reserve Bank's MPC might hold rates as recent data showed that retail inflation has been at an elevated level during June....

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July Figures Cast Cloud over US Retail Recovery

Diamonds Net 06 Aug 2020

RAPAPORT... The US retail outlook is declining after the country’s economic recovery slowed in July amid a resurgence of coronavirus cases, according to the National Retail Federation (NRF) ... Officials at the bank have cited decreased retail sales as the main factor in the drop....

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RBI keeps repo rate unchanged: Key things to know

The Times of India 06 Aug 2020

Repo rate is the rate at which the RBI lends to banks, while reverse repo rate is at which it borrows from banks ... * The central bank has been taking steps proactively to limit the damage to the economy caused by the pandemic and subsequent lockdowns ... However, SBI has cut by an equivalent 115 bps on its repo-linked retail loan portfolio....

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‘Watchful’ RBI leaves repo rate unchanged to keep inflation in check

The Times of India 06 Aug 2020

The Reserve Bank of India has left the benchmark interest rate unchanged at 4% ... The June retail inflation stood at 6.09%. The Reserve Bank of India has left the benchmark interest rate unchanged at 4%....

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Paytm appoints Bhavesh Gupta as SVP and CEO of its lending business

Your Story 06 Aug 2020

A banker with over two decades of experience, Bhavesh led the digital transformation journey at some of the top retail banks and NBFCs in the country ... Bhavesh also spent more than a decade at ICICI Bank, where he played a senior role across retail banking, both on liabilities and lending side of the business....

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CAP COM Federal Credit Union names Urban vice president of member services

The Record 06 Aug 2020

She brings more than 25 years of retail banking management experience to the position, and will report to Susan Rosko Fogarty, CAP COM’s chief relationship officer.- Advertisement - ... Rosko Fogarty added, “Carin’s strong background in retail banking and community connections in the region will be a great addition to our team....

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Paytm appoints Bhavesh Gupta as CEO of lending business

Live Mint 06 Aug 2020

In his new role, Bhavesh will develop and expand Paytm's lending services and help the company create new credit products for customers and SMEs in partnerships with other banks and NBFCs ... Gupta also spent more than a decade at ICICI Bank where he played a senior role across retail banking, both on liabilities and lending side of the business....

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Online Dispute Resolution For Digital Payments To Be Introduced

Yahoo Daily News 06 Aug 2020

On 6 August, the Reserve Bank of India (RBI) announced the introduction of an online dispute resolution (ODR) mechanism for digital payments. The central bank has also cleared a scheme for retail payments in offline mode using cards and mobile devices. "A scheme of retail payments ......

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SBI and Nippon pharma funds a better bet for playing pharma basket: Sanjiv Bhasin

The Times of India 06 Aug 2020

The retail focus is starting to shift back and that is why this flow of money is layering most of the banks to raise capital at a time when yields are at the lowest ... The banks are buffering up their liquidity when they foresee that the next 6, 9, 12 months can see a lot of surge ......

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RBI to introduce online dispute resolution mechanism for digital payments

Moneycontrol 06 Aug 2020

Reserve Bank of India’s Governor Shaktikanta Das has announced introduction of an online dispute resolution mechanism for digital payments ... Reserve Bank of India (RBI) Governor Shaktikanta Das ... Das also said that the central bank had cleared a scheme for retail payments in offline mode using cards and mobile devices....

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Airtel Payments Bank ties up with Bharti Axa to offer shop insurance

Sify 06 Aug 2020

Airtel Payments Bank will offer shop insurance exclusively for its retailers and merchants in partnership with Bharti Axa General Insurance ... for Airtel Payments Bank," said Chief Executive Officer Ganesh Ananthanarayanan....