Mobile UPI

Photo: Live Mint

Banks Observe Surge in Online Payment Transactions Owing COVID-19 Fears

Amidst the COVID-19 pandemic, banks have observed a surge in digital transactions. A senior official of State Bank of India stated that transactions through SBI's YONO app have skyrocketed. He informed that the usage of online channels have increased to 93% in the June quarter, from 90% in the corresponding period last year. As per report, other banks, including ICICI Bank and Axis Bank, have also witnessed a similar trend. 

Mon, 17 Aug 2020 - 09:26 AM / by Tania Mukhopadhyay

You May Like

ED Vs Xiaomi

ED Seizes Rs 5,551.27 Crore From Xiaomi India

The Enforcement Directorate (ED) on September 30, seized Rs 5,551.27 crore from Xiaomi Technology India Pvt Ltd, confirmed authority appointed under Section 37A of the Foreign Exchange Management Act (FEMA). This is considered as the highest… read-more

TAGS: ED, Xiaomi India, Foreign Exchange Management Act, Chinese Companies, business

Virat Kohli-KIshore Kumar Bungalow

Virat Kohli To Soon Open Restaurant, Purchases Kishore Kumar's Bungalow

Indian cricketer and former Indian Captain Virat Kohli reportedly purchased a large portion of the Juhu bungalow 'Gouri Kunj', once owned by legendary late singer Kishore Kumar. The cricketer is to open a restaurant under his 'One8' brand, which… read-more

TAGS: Restaurant, Gouri Kunj, Virat Kohli, Kishore Kumar, Indian Cricketer

Ashneer Grover

Ashneer Grover Tweets Distasteful Tweet About Work Culture In India

Ashneer Grover, ousted co-founder of BharatPe, turned the discussion towards controversy, after penning distasteful tweets. Notably, Pitti tweeted that this was a "hugely prevalent" problem, pointing out that it resulted in companies wasting time… read-more

TAGS: Ashneer Grover, Phone Pe, Business tycoon, Twitter Controversy, work culture

PM Narendra Modi

PM Modi Talks About Economic Growth In India, Asks People, Aren't They Happy?

PM Narendra Modi took a dig at the audience for a delayed response to his remarks about India becoming the fifth largest economy in the world. Addressing National Logistic Policy's launch, Modi said, "It takes time to register positivity amid the… read-more

TAGS: PM Narendra Modi, National Logistic Policy, Economic growth, National, Citizens of India

US-Dollar

Rupee Decline By All Time Low Of 40 Paise Against US Dollar

The rupee depreciated 40 paise to an all-time low of 81.93 against the US dollar in early trade on September 28. With this fall, the American currency strengthened and risk-averse sentiment among investors weighed on the local unit. Moreover, a… read-more

TAGS: business, Market Trade, INDIAN MARKET, Rupee, US Dollar

Air India

Flying Likely To Be Expensive As Govt To Remove Cap On Fares

The Government of India is set to lift the cap on domestic airfare prices after more than two years, from August 31. With this, flying can be expensive, especially domestic flights, likely to impact all flyers. The move is designed to allow… read-more

TAGS: Airlines , Flying, Government of India, Cap Fares, expensive