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  2. Kotak Mahindra Bank - Wikipedia

    en.wikipedia.org/wiki/Kotak_Mahindra_Bank

    In 2015, Kotak Mahindra General Insurance, a wholly-owned subsidiary of Kotak Mahindra Bank, started operations after receiving IRDAI's approval. [23] In 2016, Bharti Airtel and Kotak Mahindra Bank started an 80:20 joint venture called Airtel Payments Bank. [24] In 2016, Kotak Mahindra Bank acquired BSS Microfinance for ₹ 139.2 crore (US$20. ...

  3. National Automated Clearing House - Wikipedia

    en.wikipedia.org/wiki/National_Automated...

    User can authenticate a NACH API e-mandate on the web. The customer gets directed to the NPCI website, where customer has to choose their bank, and then authenticate via one of the two methods - 1. Net banking credentials 2. Debit card. [3] Kotak Mahindra Bank became the first bank to allow customers to choose both methods for authentication. [5]

  4. Payments bank - Wikipedia

    en.wikipedia.org/wiki/Payments_bank

    Paytm Payments Bank and Airtel Payments Bank together command over 88% of the deposits in payment banks in India in 2018. According to the Reserve Bank of India's report on ‘Trend and progress of Banking in India 2017-2018', the payment banks reported losses in the financial year 2017-2018, after a weak performance in the FY 2016-17. [14]

  5. Airtel Payments Bank - Wikipedia

    en.wikipedia.org/wiki/Airtel_Payments_Bank

    Airtel Payments Bank is an Indian payments bank with its headquarters in New Delhi. [3] The company is a subsidiary of Bharti Airtel . [ 4 ] On 5 January 2022, it was granted the scheduled bank status by the Reserve Bank of India under the second schedule of RBI Act, 1934 .

  6. Payment and settlement systems in India - Wikipedia

    en.wikipedia.org/wiki/Payment_and_settlement...

    The Unified Payment Interface (UPI) can be thought of like an email ID for your money. It will be a unique identifier that your bank uses to transfer money and make payments using the IMPS (Immediate Payments Service). IMPS is faster than NEFT and lets you transfer money immediately and unlike NEFT, it works 24/7.

  7. LIC Housing Finance - Wikipedia

    en.wikipedia.org/wiki/LIC_Housing_Finance

    LIC Housing Finance Limited (LIC HFL) is the largest Housing Finance Company in India, with a registered corporate office in Mumbai.It is a deposit taking housing finance company, and it is a subsidiary of LIC, mainly providing long-term financing to people who purchase or construct residential houses or flats.

  8. ING Vysya Bank - Wikipedia

    en.wikipedia.org/wiki/ING_Vysya_Bank

    The bank had also been ranked the "Safest Banker" by the New Indian Express and among "Top 5 Most Trusted Private Sector Banks" by the Economic Times. [7] On 20 November 2014, in an all-stock amalgamation, ING Vysya Bank decided to merge with Kotak Mahindra Bank, creating the fourth largest private sector bank in India. [8]

  9. Kotak Life Insurance - Wikipedia

    en.wikipedia.org/wiki/Kotak_Life_Insurance

    The Kotak Mahindra Group was founded in 1985 as a provider of financial services. [8] [9] In February 2003, Kotak Mahindra Finance Ltd (KMFL), the Group's flagship company, received banking license from the Reserve Bank of India (RBI) to conduct banking operations in the country and was renamed as Kotak Mahindra Bank, the parent company of Kotak Life Insurance. [10]