innovationinbanking

              Exim Bank Chairman and Managing Director Yaduvendra Mathur had a vision to launch a portal to assist small enterprises in their journey of ‘Exports’.               The first mention in the public domain on this subject was during September 2016, to be more specific on September 6.               In the long run, the portal aims to facilitate 20-25 services, including registration for undertaking exports, information on the closest bank branch that will provide export credit, and indicative freight cost.               For example, if an exporter in Satara, Maharashtra needs export finance then he should be able to tap the ‘Exim Mitra’ portal and get information on the closest commercial bank branch tha...

#offbeat, #chennairailmuseum Read this links to savour the sights awaiting at Chennai Rail Museum http://www.icf.indianrailways.gov.in/ticker/1471847143340RRM_PRESS_RELEASE.pdf http://www.icf.indianrailways.gov.in/works/uploads/files/rrm_new/index.html As far as many tourists and people in the city go, the rail museum still remains a hidden gem.           One of the hidden gems in IRCTC booking site is the Ticket to Chennai Rail Museum.             As is the norm, the ticket charges can be paid through digital transactions channel i.e Net Banking, Wallets etc.           Indian Railways have built the massive railway network in our country over a period of 150 years. Every year, Indian Railways have contributed immensely to our country’s landscape.           In this jour...

        Canara Bank has revamped its UPI App with new features and released the 1.3 version on 1 st December         Till date the App has had 1,00,000 downloads.          The new additions are:- 1. Fresh new logo 2. Enabled New password Policy. 3. Enhanced User Interface. 4. Enhanced User Experience. 5. Generate QR code for receiving payments at Retail Stores to make payment through QR code scanning         In the near future, the eMpower App will offer regional language support and merchant transactions like recharge.           There is 24 x 7 support through A)    Email id :upisupport@canarabank.com B)     Toll Free Number :1800-425-0018 Canara Bank has numerous APPS on Playstore to enable its customers to transact digi...

The positive effect of Demonetisation           # Demonetisation, #Cashless           Indian Oil Corporation Ltd has released a Press Release on December 12 th , 2016.           The Press Release starts with highlighting the number of initiatives taken by Government of India to move our countrymen towards cashless society. One of the initiatives is to promote cashless transactions at PSU Petrol Pumps through  0.75% discount when a customer uses Debit / Credit Cards, Mobile Wallets and Prepaid Loyalty Cards. This 0.75% discount is to incentivise petrol / diesel customers to transact through CashLess modes at PSU petrol pumps. The best part is that this 0.75% discount is applicable to Debit / Credit Cards, Mobile Wallets and Prepaid Loyalty Cards transactions. The above would come into effect from 13.12.2016, 00.00 ...

The positive effect of Demonetisation      Government of India has stepped up the throttle to spread the Joy of Safe ePayments in our country. It is building up a quiver of tools to enable our countrymen to transact safely through Digital Channels. The website http://cashlessindia.gov.in/ is one more tool to raise the awareness levels of Digital Transactions in India. The new portal was launched on 9 th December, 2016 by Union Minister of Electronics and IT Ravi Shankar Prasad and PP Chaudhary, MoS, Electronics & IT. The website content is managed by ‘Ministry of Electronics and IT’ (MeitY). The website has 6 sub-sections namely:- 01)   Digital Payment Methods 02) Cyber Security for Digital Payments 03) Capacity Building and Awareness 04) Promoting Digital Payments within Government 05) Promoting Digital Payments amongst Citizens 06) Contact The website is designed, developed and hosted by Na...

The positive effect of Demonetisation On 26 th Septmember, 2016 Haryana Government launched a Mobile APP in Google Playstore named e-Kharid. The launch program was presided over by Union Minister Ram Vilas Paswan and Chief Minister Manohar Lal Khattar at Karnal, Haryana.   Karnal  is a city located in the NCR and the headquarters of Karnal District. It is one of the Counter-Magnet cities. The primary objective of e-Kharid is to bring in transparency in the food grains procurement process across the procurement channel. The main focus is in providing real time information and timely payment. These twin aims is to enable the growers to get the best price for their produce with minimal pain. The e-Kharid program has two access points a) Portal b) Mobile App. The “e-Kharid” portal is a joint initiative of the Haryana State Agricultural Marketing Board and the Department of Food & Supplies, Govt. of Haryana. According to J Ganesan, Chief Admini...

#t hepositiveeffectofdemonetisation           On September 8, 2016 Andhra Bank released its *99# USSD Banking APP on Google Playstore.           You can type *99# in Playstore to locate the APP or click on this link https://play.google.com/store/apps/details?id=com.andb99&hl=en to directly land on the APP landing page.           As on date, the APP has had 10,000 plus downloads           The primary purpose of this APP is let Andhra Bank account holders to initiated banking transactions through the USSD Channel.           The APP is designed to initiate SMS requests to the banking server to execute the requests.           Andhra Bank with its Headquarters in Hyderabad, Telangana has br...