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Showing posts from August, 2015

Reserve Bank of India granted ‘in-principle’ approval to 11 applicants to start a payments bank.

R Gandhi committee of RBI recommends conversion of UCBs into regular banks.

Bandhan, first micro finance company to start operation as a commercial bank.

Indian Bank launches IndiPay mobile App Service

Union Government launches SAHAJ scheme for online realease of New LPG Connection.

Union Government has launched SAHAJ scheme for online release of new LPG connections for the consumers as parts of its consumer friendly initiative. It was launched by Union Petroleum and Natural Gas Minister Dharmendra Pradhan at a function held in New Delhi. Key facts Under the scheme, people can apply online for new LPG connection and they need not visit to the LPG distributors for it.SAHAJ facility will enable the customers to post online request for a new connection by filing Know Your Customer (KYC) form by uploading bank account details and photographs.After submitting the details, customer will receive the registration number to know the new connection status. Later, customer can opt for offline or online mode of payment for the new connection.Once payment is done, electronic subscription voucher will be mailed to the new customer. Later distributor will do physical delivery of the Gas cylinder, regulator with hose pipe.Initially, the scheme has…