INTERNET BANKING ACCESS
Koo calls it a day; Paytm Bank, auditor lock horns
Once touted as India’s response to Twitter, it’s curtains for homegrown microblogging app Koo. Details on this and more in today’s ETtech Top 5.
ETtech Deep Dive: How RBI and NPCI are working to tackle mule account frauds
The RBI, the National Payments Corporation of India, and the Ministry of Home Affairs are teaming up with banks, financial institutions, and tech security companies to crack down on mule accounts and prevent fraud in the country's banking system.
Citibank credit cards migration to Axis Bank to be completed on July 15; credit cards migrated, new benefits, 9 important FAQs
Citibank credit cards migration to Axis Bank: According to the Axis Bank website, here is a look at the Citibank credit cards that will be migrated, the new terms and conditions, fees and charges, rewards, and other important migration details.
Credit on UPI: How to make payments using credit on UPI, how to enable on your UPI ID, who can use
With the help of credit on UPI, people and companies can obtain bank credit lines that have already been approved. Now customers can scan to use their credit on UPI with ICICI Bank mobile app’s PayLater option.
SBI launches digital business loans for small and medium cos
SBI launches SME digital loans programme using data from tax and GST returns for quick credit assessment and loan approval up to ₹50 lakh in 10 seconds without human intervention.
SBI to use IT, GST data for quick sanction of MSME loans
State Bank of India (SBI) has introduced SME Digital Business Loans, using data from income tax, GST returns, and bank statements for rapid credit assessment of MSMEs, enabling loan sanctions within ten seconds without human intervention. For loans up to Rs 50 lakhs, financial statements are waived in favor of transaction history and GST returns. This initiative aims to streamline MSME lending, reducing manual processes and enhancing efficiency.
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How brands should inspire politicians to move away from 'divide' and 'drown’ to ‘unify' and 'thrive’
Political parties should be emulating those marketers who have already cracked New India. To narrow-cast our population as a fundamental oneness, courtesy technology and aspiration. Then to engage experientially, with customer-centric regional empathy.
Managing finances after 80: Answers to three major personal finance questions for super senior citizens
As one ages, it becomes clear that the couple won’t leave the world together. Typically, the husband worries about the wife’s ability to manage money, while the wife worries about the husband’s ability to manage food and health. However, neither cooking, nor investing is rocket science, and it is never too late to learn these crucial life skills.
G20 Sherpa Amitabh Kant lauds India's digital transformation journey in 9 years
India has made significant strides in digital transformation over the past nine years, with a 96% reduction in data costs and a 1.4 billion people now having a unique digital identity (Aadhar). This has led to greater access and usage of digital services across the country. India's Unified Payments Interface (UPI) has seen exponential growth, contributing 46% of the global share in real-time digital payments.
The man who escaped the scam rings of Cambodia
Thousands of workers are trafficked to Southeast Asia to commit cyber fraud on their fellow citizens over social media. Ex-serviceman Botcha Sankhar, who was forced to work in the scam compounds of Cambodia for six months, unravels the modus operandi of this new and terrifying form of crime and forced labour
How I finally entered a $5 trillion money-making venture
Indrajit hazra talks about how an Allahabad Bank account-holding man-child, at last, felt plugged into the Phiroze Jeejeebhoy Towers on Dalal Street,
Saturday bank holiday: Are banks closed today?
Bank holidays in June 2024: Banks across India are closed on national holidays and state-specific holidays along with second and fourth Saturdays in the month and all Sundays. The central bank designates certain holidays under the Negotiable Instruments Act, Real-Time Gross Settlement (RTGS) holidays, and Banks' Closing of Accounts.
Best Mini UPS for Wi-Fi Routers to ensure Seamless Internet Access during Power Cuts
Discover the ultimate solution for uninterrupted internet connectivity with the best mini UPS for Wi-Fi routers. These compact devices offer seamless power backup for your router, ensuring you stay connected during power outages for up to several hours. With easy installation and wide compatibility, they provide a hassle-free experience, keeping you online whether you're working, studying, or streaming. Engineered with advanced safety features like overcharge protection and short circuit protection, these mini UPS units offer reliability and peace of mind.
The rise of Finternet: an interconnected network of financial ecosystems
A new model proposed by Nandan Nilekani and Agustín Carstens envisages multiple financial ecosystems interconnected with each other. Multiple financial ecosystems interconnected with each other is called Finternet, the building blocks of which combine technological advances with sound governance. The framework proposes using technologies such as tokenisation and unified ledgers.
Indonesia says Elon Musk's Starlink granted licences to operate
Starlink's network of low Earth orbit satellites can provide internet to remote locations or areas that have had normal communications infrastructure disabled. Indonesia is a vast archipelago of more than 17,000 islands and Jakarta is seeking to connect millions more of its population who are not hooked up to reliable internet services.
ICICI Bank iMobile app glitch: Several ICICI Bank customers are now seeing details of other users when using mobile app
On the ICICI Bank iMobile app several users have claimed to be able to access details of other customers (people they don’t even know) – these include credit card details. If you can see other people's card and account details, make sure to raise the complaint to avoid and any misuse.
Credit cards with all-round benefits can help maximise savings: Top cards of HDFC Bank, Axis Bank, SBI Card, IDFC FIRST Bank
Top all-round credit cards: By choosing an all-round credit card, users can enjoy various benefits and maximize their savings on a range of purchases. Here is a look at credit cards with the best all-round benefits chosen basis the overall value offered by a card across multiple categories like shopping, dining, travel, movies and more.
Eid Bank Holiday April 2024: Banks will be closed for Eid al-Fitr in these states
Eid Bank Holiday: Banks in some states will be closed on Thursday on the occasion of Ramzan-Id (Id-Ul-Fitr), according to the Reserve Bank of India (RBI) holiday list. The crescent moon was not spotted in Delhi, Hyderabad, and Lucknow on April 9, while in Kerala, Ladakh and Jammu and Kashmir it was seen. Here is a look at the state-wise bank holiday list for Eid al-Fitr.
Cyber addiction: A fight bigger than just ctrl+alt+delete
The article highlights the concerning rise of cyber addiction, citing cases ranging from adolescents engaging in online gaming to adults succumbing to online gambling and dark web activities. It emphasizes the need for intervention, particularly targeting adolescents aged 15 to 16, who are identified as particularly susceptible. To address this, AIIMS plans to collaborate with educational authorities to launch a program called Cyber Jagrookta in CBSE schools, focusing on cyber security and digital wellness.
RBI proposes distribution of CBDC through non banks; seeks to broaden retail access to digital currency
The Reserve Bank of India (RBI) is expanding the usage of Central Bank Digital Currency (CBDC) by allowing distribution through Non-bank Payment System Operators. CBDC pilots in Retail and Wholesale segments are ongoing with 4.3 million retail users and 4 million merchants. The RBI aims to enhance access by enabling non-bank operators to offer CBDC wallets, testing the platform's resiliency.
SBI net banking, UPI down: State Bank of India net banking, YONO mobile app, UPI will be down today during this time
SBI down on April 1: State Bank of India (SBI) has announced that the services of Internet Banking, Yono Lite, Yono Business Web & Mobile App, YONO, and UPI would be unavailable on April 1, 2024 due to Annual Closing.
Digitalisation of healthcare data through electronic health records will be the next startup boom
India's fintech industry - which comprises over 10,000 companies with $17 billion in 2022 revenues - was built on the foundation of Aadhaar and UPI. The health tech industry boom will be built upon the nationwide adoption of electronic health records (EHR). EHR is a digital file containing an individual's health information - identity, gender, age, weight, vital signs, allergens, entire medical and medication history, immunisation status, test results, etc. The record is meant to be created and regularly updated by physicians and other healthcare providers.
Alphabet is seeking outside investment for its GFiber internet business
Alphabet plans to seek external investment for GFiber, its business selling Wi-Fi and internet connectivity in the US. GFiber, owned by Google's parent company, competes with larger internet service providers. It has tripled its customer base and signed deals to expand to more cities. The company faces competition from big incumbents and aims to provide internet access to more communities.
Banking access may be at risk if you seek to delete credit data
Technology experts and policy lawyers were split on whether CICs can be exempt under the new data law and if people can request complete data deletion for privacy reasons.
Top credit cards with airport lounge access
Here is a list of credit cards with airport lounge access from the top 14 banks in India.
View: Usher in a new space race
Satellite spectrum, too, should be treated as a public utility, that too international by its very nature, connecting the unconnected to the world, fostering innovation and ushering in a new space race. GoI’s decision to recommend administrative spectrum for satellite communication in the Telecom Bill of 2023, passed in Lok Sabha last week, thus settles this long debate in this fractious sector and dials in a new era.
A loan from Google: Why greater financial access must come with a degree of caution
Google’s entry into MSME lending is an important step for a country with a huge financial inclusion gap. But industry experts say it would be important to focus on safety mechanisms.
Financial frauds accounted for over 75% cyber crimes since 2020: Study
Social media-related crimes such as cheating by impersonation, cyber-bullying, sexting and email phishing accounted for 12% of the online offences during the period, the study showed.
Canara Bank internet banking customers can now generate offline OTP, OTP over the call
Canara Bank customers can generate offline OTP facility and OTP over the call facilty for all internet banking customers, according to the Canara Bank website.
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