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Our News - Jan 2022
  • 2022-01-18 : Kotak Mahindra Bank Introduces Same Day Settlement Feature
    Kotak Mahindra Bank has introduced the Same Day Settlement feature for merchants for payments received on its Point of Sale (PoS) terminals which would be helpful for businesses with immediate cash flow requirements.
  • 2022-01-14 : Lenders Witness a High Decline in Standing auto-debits.
    Lenders continue to see high decline rates as merchants are yet to sign up for auto-debit services. Earlier, the Reserve Bank of India made it mandatory for banks to reach out to customers before initiating standing debit instructions two months back.
  • 2022-01-13 : RBL Bank and Google Join Hands for New Digital Platform
    RBL Bank and Google announced a strategic collaboration to serve its rapidly growing customer base through its digital platform, Abacus 2.0.
  • 2022-01-12 : Punjab National Bank Hikes Minimum Balance for Savings Account
    Punjab National Bank (PNB) has decided to hike the minimum quarterly average balance (QAB) to Rs10,000 in Delhi, Mumbai, Kolkata, and Chennai. The public sector bank (PSB) has also decided to increase charges for various services by up to 50% from January 15 2022.
  • 2022-01-11 : Bank Accounts Opened Under Jan Dhan Yojana Crosses Rs. 1.5 Lakh Crore
    As per the latest data, the total balance in over 44.23 crores Pradhan Mantri Jan Dhan Yojana (PMJDY) accounts as of December end, 2021 crosses Rs 1,50,939.36 crore.
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