The Airtel Payments Bank has released the Aadhaar-enabled Payment System (AePS). The facility has been started by the payment bank at over 2,50,000 banking points across India.
“Enhanced Access and Service Excellence (EASE) 3.0” has been started by Finance Minister Nirmala Sitharaman along with the EASE 2.0 Annual Report at Indian Banks’ Association function.
National Payments Corporation of India (NPCI) has started an industry campaign named “UPI Chalega” to uplift UPI as Easy, Safe, and Instant mode of payment. The “UPI Chalega” campaign is targeted to guide users towards the right usage of Unified Payments Interface (UPI) and help create a habitual change, use of UPI in their daily life.
National Bank for Agriculture and Rural Development (NABARD) has sanctioned 400.64 crore rupees to the Union Territory of Jammu and Kashmir. This sanction is for giving a uplift to the infrastructure in the rural areas of Jammu and Kashmir.
India’s reinsurance company, General Insurance Corporation of India (GIC Re) has received the license from Central Bank of the Russian Federation (Bank of Russia) to commence reinsurance business in Russia.
According to ‘The Banker’s Top 500 Banking Brands 2020’ report, IndusInd Bank has topped the list of ‘Highest increase in brand value’ among global banks. The brand value of Induslnd Bank has increased by 122% over the past 12 months.
The Union Ministry of Finance has notified ‘Printing of One Rupee Currency Notes Rules, 2020’ vide Gazzette Notification G.S.R. 95(E) on February 7, 2020.
WhatsApp will start its digital payments platform WhatsApp Pay to compete against similar platforms such as Paytm and Google Pay amid India’s strengthening digital payments market.
The Reserve Bank of India (RBI) will start the first tranche of its long-term repo operations on February 17 with three-year repo of Rs 25,000 crore, followed by another on February 24 for an equal amount.
The Income-Tax Department has started an e-calculator for individuals to approximate their tax liability if they opt for the new tax slabs, without claiming deductions and exemptions, for ITR filing as declared in the recent Budget.