Penalty of Rs 2 crore imposed on SBI

New Delhi: The Reserve Bank of India has imposed a penalty of Rs 2 crore on the country's largest bank SBI. According to an official statement released on 16 March, SBI had not completed certain regulatory compliance due to which it incurred penalty. The RBI imposed this penalty by issuing...

Amazon Infuses Rs 225 cr Into India Payments Unit

New Delhi: Amazon has infused over Rs 225 crore into its payments unit in India, Amazon Pay, according to regulatory documents. The fresh infusion is expected to help the company compete more aggressively against rivals like PhonePe, Google Pay, and Paytm. The board has approved ''allotment of 22,50,00000 equity shares…...

SBI leads in e-payment

New Delhi: The country's largest bank SBI is at the forefront of providing digital products and services to its customers. SBI has topped the digital scorecard of the Ministry of Electronics and Information Technology (MeitY) for the third consecutive month. This scorecard is prepared on the basis of performance on...

Venezuela will bring banknote of 10 lakh

New Delhi: 1 million bank note is coming soon in Venezuela. According to a report, Venezuela's central bank has said that it will present a banknote of 1 million i.e. 10 lakh bolivars. In Indian currency, this note will be worth only about 39 rupees at present. According to the...