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India will emerge as the torchbearer of banking reforms, says Dr. Jitendra Singh India will emerge as the torchbearer of banking reforms in the world as we aim to be a global superpower, said Dr Jitendra Singh, Minister of State for Development of North Eastern Region (I/C), Prime Minister's Office, Personnel, Public Grievanc...

IBEF November 13, 2019

GeM Partners with Central Bank of India for Payment Related Services Government e-Marketplace (GeM) signed MoU with Central Bank of India. Through this partnership, Central Bank of India will be able to offer an array of services including transfer of funds through GeM Pool Accounts (GPA), advising of electronic Perfo...

IBEF November 08, 2019

India signs MoU with Saudi Arabia to launch RuPay card in Gulf Kingdom India has signed an agreement with Saudi Arabia to launch the RuPay card in the country, making it the third nation in the West Asia to initiate India's digital payment system which will benefit not only the 2.6 million Indians in the Gulf Kingdo...

IBEF October 30, 2019

NPCI expects UPI user base to expand to 500 million in next 3 years The real-time payment system Unified Payments Interfaces (UPI) user base is expected to expand five times in the next three years to reach 500 million....

IBEF October 30, 2019

Household wealth more than doubles to $12.6 tn in 2019: Credit Suisse The household wealth in India has more than doubled to US$ 12.6 trillion in 2019, as compared to US$ 5.97 trillion in 2018: Swiss bank Credit Suisse report....

IBEF October 25, 2019
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