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Indian Bank is an Indian public sector bank, established in 1907 and headquartered in Chennai. It serves over 100 million customers with 40,187 employees, 5,847 branches with 4,937 ATMs and Cash deposit machines. Total business of the bank has touched ₹1,221,773 crore (US$150 billion) as of 31 March 2024. The bank's information systems and ...
In September 2018, he joined as the Executive Director in Bank of Baroda. In 1 September 2021, he became the Managing Director and Chief Executive Officer of Indian Bank. He is also a member on the Managing Committee of Indian Banks' Association and the Insurance Advisory Committee of Insurance Regulatory and Development Authority. [4] [5] [3]
The Indian Banks' Association (IBA), formed on (26 September 1946), is an unregistered, voluntary association of like-minded banks and individuals in India [1] —a representative body of Indian banks and financial institutions based in Mumbai. [2] With an initial membership of 22 banks in India in 1946, IBA currently represents 247 banking ...
Unified Payments Interface, commonly referred to as UPI, is an Indian instant payment system as well as protocol developed by the National Payments Corporation of India (NPCI) in 2016. The interface facilitates inter-bank peer-to-peer (P2P) and person-to-merchant (P2M) transactions. [ 1 ][ 2 ] It is used on mobile devices to instantly transfer ...
Paytm Payments Bank (PPBL) is an Indian payments bank, founded in 2017 and headquartered in Noida. [4] In the same year, it received the license to run a payments bank from the Reserve Bank of India and was launched in November 2017. [5] [6] [7] In 2021, the bank received a scheduled bank status from the RBI. [8] [9]
Modern banking in India originated in the mid of 18th century. Among the first banks were the Bank of Hindustan, which was established in 1770 and liquidated in 1829–32; and the General Bank of India, established in 1786 but failed in 1791. [1][2][3][4] The largest and the oldest bank which is still in existence is the State Bank of India (SBI).
The State Bank of India, Singapore will be the first bank to issue RuPay cards in the country. [115] RuPay users will be able to make payments at NETS terminals across Singapore. NETS users will be able to make online purchases on e-commerce merchant websites in India using 2.8 million RuPay PoS terminals. [116] The rollout will happen mid 2018 ...
The Reserve Bank of India, abbreviated as RBI, is India's central bank and regulatory body responsible for regulation of the Indian banking system. Owned by the Ministry of Finance, Government of India, it is responsible for the control, issue and maintaining supply of the Indian rupee. It also manages the country's main payment systems and ...