#open banking in india

[sharemarketinsider]

Paytm’s UPI User Onboarding Approval: Implications for the Digital Payments Landscape

In a significant development for the fintech sector, Paytm has received the green light from the National Payments Corporation of India (NPCI) to onboard new Unified Payments Interface (UPI) users.

[abishekkadame]

Kotak Mahindra Bank’s official mobile banking application for Android phones.

The Kotak Mobile Banking App, a best in class App, provides banking on the go, which is a must in today’s digital era. If you are not an existing Kotak customer, you can open a Kotak Savings account or an 811 digital bank account by visiting your nearest branch.

If you are an existing Kotak customer, you can use the 250+ features of the app to Bank, Pay bills, Invest, Shop and access services. One of our recent additions to the 250+ features is our new Pay Your Contact feature, where you can now send money to anyone using just their mobile Number

[deyonehogg]

Unlocking Convenience: The Power of Kotak Mobile Banking App in the Digital Banking Era

In the age of Digital India, banking has transcended traditional boundaries, offering unparalleled convenience and efficiency. Kotak Mahindra Bank stands at the forefront of this digital revolution with its innovative mobile banking app. Let's delve into the myriad benefits of the Kotak Mobile Banking App and how it's transforming the way we bank online.

Seamlessly Bank Online with Kotak Mobile Banking App

Gone are the days of long queues and paperwork. With the Kotak Mobile Banking App, banking becomes a seamless and hassle-free experience. Whether you're on the go or relaxing at home, access your accounts, pay bills, and manage transactions with just a few taps on your smartphone. Say hello to convenience as you embrace the power of digital banking at your fingertips.

Open Bank Account with Ease

The Kotak Mobile Banking App simplifies the process of opening a bank account, making it accessible to everyone. Say goodbye to cumbersome paperwork and lengthy procedures. With the app's intuitive interface, you can open a bank account in minutes, right from the comfort of your home. Experience the joy of instant account opening and step into the world of digital banking effortlessly.

Empowering UPI Payments with Kotak

Say hello to fast and secure payments with the Kotak Mobile Banking App's UPI payment feature. Whether you're splitting bills with friends or making online purchases, UPI payments offer unparalleled convenience. Link your bank account seamlessly, generate UPI IDs, and experience instant fund transfers like never before. With Kotak, sending and receiving money is as easy as a few taps on your smartphone.

Embracing Digital Banking with Kotak

The Kotak Mobile Banking App epitomizes the essence of digital banking in India. With its cutting-edge features and user-friendly interface, it caters to the diverse needs of modern-day consumers. From net banking functionalities to e-banking services, Kotak leaves no stone unturned in providing a comprehensive digital banking experience. Join the digital revolution with Kotak and embark on a journey of seamless banking.

Conclusion

In conclusion, the Kotak Mobile Banking App emerges as a beacon of convenience and efficiency in the realm of digital banking. With its robust features, secure transactions, and user-friendly interface, it redefines the way we bank online. From opening bank accounts to making UPI payments, Kotak empowers individuals to take control of their finances with ease. Embrace the future of banking with Kotak and unlock a world of possibilities at your fingertips.

Experience the convenience of Kotak Mobile Banking App—your gateway to digital banking in India.

[shetty811]

Excellent reasons to use the finance app

Everyone aspires to manage their money and expenses, but only some people succeed. For most of the people, it is a problematic thing. It is a fact that managing finances and controlling spending is a difficult task. Going from page to page or receipt to receipt to keep track of costs over a week or a month could not be more enjoyable. Some readers could claim that an Excel spreadsheet will enable them to complete the task. Some people may find it difficult to complete the work because only some are proficient in using spreadsheets and applying formulas to the columns. So, people have now decided to use the finance app because it does not require any formula to use its features. This post explains about the reasons to use the finance app:

Calculation will be on the fingers

You don't need to worry about the costs while using personal finance software because you can create your budget with just one click. It aids in budget optimization for expenses like food, rent for a home, utilities, transportation, loan EMI, and other necessities. You can easily keep track of your savings, credits, and debits.

Saving time

To conduct a transaction or see an account balance, one must frequently travel to a bank only during regular business hours. Everything may be done whenever a user thinks about it with the greatest financial app, and you don't have to travel anywhere. Making a deposit or an online payment can be done without standing in a long line at the bank.

Avoid Late Fees

Late fees ruin many people's lives. You occasionally forget to pay a bill, and other times, you need more cash to take care of specific costs before they are due. You will be charged a late fee whether it was your fault or not. If visiting the institution's customer service department to request a reduction in the late fee does not work, you can use a finance app to prevent late penalties in the future. So that you always remember to pay your bills, many apps can keep track of their due dates.

Stay organized

People are more likely to be organized and on top of personal money when they have the information to monitor their accounts daily. There is always no doubt regarding an account balance due to the precision of apps, which is almost real-time. Tracking all receipts and expenditures is easy and efficient.

You can enjoy a user-friendly interface

Modern technologies have made personal finance apps user-friendly. They provide an intuitive user interface that allows quick access to all pertinent financial data for personal and professional purposes. Additionally, various capabilities available in these personal finance apps can assist in ensuring financial transparency. They can complete activities like forecasting the cash flow for asset management and even filing a VAT return. The management of corporate affairs and the corresponding money depends on these operations.

Bottom line

Finally, those mentioned above are about the reasons to use the finance app. If you struggle to calculate your mutual fund, using a finance app will be a great option. It helps you manage all your financial activities without making any errors and these apps offer numerous benefits to improve your financial situation.

[krihita]

Kotak Mahindra Bank’s official mobile banking app for Android phones.

The Kotak Mobile Banking App, a best in class App, provides banking on the go, which is a must in today’s digital era. If you are not an existing Kotak customer, you can open a Kotak Digital Savings account or an 811 digital bank account by visiting your nearest branch.

[aviltwayne]

Kotak Mahindra Bank’s official mobile banking app for Android phones.

[bankcloud-blog]

API platform in banking

Empowering financial evolution, fostering innovation, and enhancing operational efficiency through our banking API platform. Explore the future of banking tech today.

[kotak-811]

Why is digital banking the future?

The banking sector has changed significantly throughout the years due to the introduction of digital technologies. Since customers may now access banking services from anywhere and at any time, thanks to the growth of digital banking, the sector has become more effective and practical. Digital banking is on pace to become the industry norm due to the rapid development of digital technologies. You should make the best out of Digital Account Opening App today itself because digital banking is the future; the below points are justifications for the statement:

Banking on mobile

Customers now prefer to use their cell phones to make banking transactions, which has increased the popularity of mobile banking. Because it is so convenient and straightforward to use, mobile banking, with the help of theDigital Account Opening App, has gained popularity among many users. According to statistics, 1.75 billion people will use mobile banking by 2024. As mobile banking services gain popularity, banks that need to be more active in adopting them risk losing consumers.

Transactions without paper

Typical manual processes are expensive, cumbersome, and ineffective. Replace these internal systems with more productive paperless ones as part of an organization's digital transformation ambitions. In addition to being more effective, paperless transactions are also easier to manage. If you centralize your operations and preserve a digital record of every financial transaction, your processes will be considerably more effective and improve your record-keeping. Instead of employing a one-size-fits-all approach, services may be adapted to each customer's needs.

Automation

Creating a system where software intelligence performs routine and repetitive tasks, reducing the cost of human labor, is known as workflow automation. Organizations could streamline mundane processes by implementing a workflow management system, freeing resources for more crucial activities. This also frees up human resources and their limitations, allowing them to concentrate on higher-level strategic planning. This can result in a lower cost of service or larger margins for these businesses.

AI

The way traditional financial institutions operate internally and provide customer services is changing as AI-driven banking quickly establishes itself as the norm. As an illustration, AI-driven chatbots are now being utilized to provide customer care at banking branches, promptly responding to simple questions. Banks can use big data analytics to understand their clients' spending patterns better and provide tailored advice on products like investments or debt consolidation. AI algorithms also aid in automating some standard internal procedures, such as audit trails for fraud prevention and regulatory compliance. AI would become a dominant force in the banking sector by developing new business models and providing users with better user experiences and quicker decision-making capabilities.

A cloud service

Companies that provide financial services are beginning to shift their operations to the cloud in more significant numbers. More scalability is provided. As a result, they are making it easier to satisfy growing client demand. In addition, they are more secure and simpler to construct than present systems.

Bottom line:

It is the world of digitalization and technology; you are just living in it. Also, the Credit Card Apply App is available today; you can apply online and can, get access to it and can enjoy all the benefits it offers.

[fidypayfintechapi]

How to Make Your Banking More Connected with API Banking India?

The banking and financial services industry in India has evolved at a staggering pace within a short duration of time. One of the trusted and innovative breakthroughs in the banking industry right now is API Banking. What is the impact of API Banking India on the delivery of banking services? 

The banking industry has to adapt to the emerging requirements of consumers alongside fighting against their competition for success. Interestingly, APIs have provided the opportunity for open banking, which would provide more personalized and seamless banking across different platforms. Let us learn more about how API banking works and its role in promoting connected or seamless banking. 

Definition of API Banking

Before you find out how API Banking encourages connected banking, it is important to learn the fundamentals of APIs in banking. APIs or Application Programming Interfaces can help third-party applications use a specific interface for accessing a general set of services and tools. Subsequently, multiple businesses or platforms could use banking services alongside offering the same services to their customers. 

In 2016, the Reserve Bank of India launched the Unified Payments Interface or UPI. It served as a major tool for enhancing the popularity of banking APIs. As a matter of fact, some of the top banks in India offer a broad assortment of API banking services in different categories. Third-party organizations and platforms could explore multiple ways of using banking APIs to their advantage. 

How Can APIs Enable Connected Banking?

The answer to the question points to the flexibility for serving customers who live away from the branch or the ones who prefer online banking. As the demand for online banking gains momentum, it is reasonable to believe that API Banking India will grow in the future. More people have been using financial technology applications in response to the global pandemic in 2020 and its aftermath. Banking API integration on fintech apps has emerged as a promising solution for accessibility of banking services. Businesses in the banking industry could connect with fintech businesses and use technical tools to improve accessibility of their services. 

APIs could enable connected banking as API services provide access to core banking data. As a result, APIs could help in removing barriers between businesses and ensuring that all of them can access the same data. Another important highlight which proves the capability of API banking for creating connected customer experiences is the integration of legacy systems with API banking. For example, an organization could integrate ERP systems with API banking for direct management of cash payables and receivables through their ERP. 

Is API Banking the Future?

The growing adoption of API banking is a sign of a major transformation in the banking industry. As the world of banking embraces new technologies, API banking provides an easy way for businesses to access banking services. With a simple API, businesses could leverage banking services alongside offering the same to their customers. As a result, customers would not rely on different payment gateways, and they could complete financial transactions directly on the platform. Call FidyPay at 6232082424 to learn more about API banking and find the ideal solutions for creating a new generation of seamless banking experiences. 

[poojalate]

And that’s not all! Mid-month cash crunch or an emergency? Get your salary in advance! Kotak Payday Loan is available with just a few taps. Repay the loan when your salary gets credited next month. Features of Payday Loan: • Get a loan within seconds starting at Rs.3,000 • Pay interest as low as Re.1 per day • Avail loan with no documentation Eligible users can apply from the ‘Apply Now’ section.

[scorebetter]

Reserve Bank Of India

The Reserve Bank Of India was established on 1st 1935, with capital of 5 crore, on the recommendations of Hilton Young Committee, under RBI Act, 1934.

The Reserve Bank Of India was established on 1st 1935, with capital of 5 crore, on the recommendations of Hilton Young Committee, under RBI Act, 1934. It was nationalised on 1st January 1949.It got the membership of Bank of International Settlement (BIS) in 1996.RBI is managed by a group of 21 members, which comprises –1 Governor4 Deputy Governor2 Officials from Ministry of Finance10 Directors…

[zvaigzdelasas]

Iran is now a “legitimate target” for Israeli missile strikes, one of the country’s most senior ministers has told the Telegraph, raising the prospect of an all-out war with Tehran.

In a wide-ranging interview, Nir Barkat, Israel’s economy minister, also said Palestinians from the West Bank would never be allowed to work in the country again and would be replaced by more than a quarter of a million imported foreign workers.

He also complained that the war in Gaza had not been fought aggressively enough.

Mr Barkat, who is favourite to succeed Benjamin Netanyahu as leader of the ruling Likud party, said Israel could afford to keep fighting and open up a new front with Lebanon, despite the billion shekel (£200 million) a day cost of the conflict.

He said that as “big as the crisis is, it is also a really big opportunity”, with governments around the world needing Israel’s technical expertise to combat global jihadism.[...]

The risk of the war spreading to Lebanon and as far as Iran will alarm Western leaders, with Mr Barkat becoming increasingly influential in the ruling party.

Polls suggest the economy minister would win five more seats than Mr Netanyahu if he replaced him as Likud’s leader.

Mr Barkat, 64, said: “Iran is a legitimate target for Israel. They will not get away with it. The head of the snake is Tehran. My recommendation is to adopt the strategy that President Kennedy used in the Cuban missile crisis. What he basically said then was a missile from Cuba will be answered with a missile to Moscow.[...]

Israel is edging towards a full-blown war with Hezbollah in southern Lebanon, having evacuated the north of the country. Mr Barkat said a second war was affordable while “the threat of Hezbollah must be eliminated”.

“Whatever it takes,” he said[...]

The economy is expected to grow by two per cent this year, down from five per cent forecast prior to the war.[...]

As the country lurches to the Right in the aftermath of October 7 and with Mr Netanyahu’s personal ratings plummeting, Mr Barkat appears to be making a play to replace the prime minister as party leader.[...]

Mr Barkat rejected any suggestion that Palestinian labourers, who previously came into Israel daily to work in the construction and other industries, would be allowed to return. Daily crossings for labourers into Israel from the West Bank have been on hold since October 7.

He likened the Palestinian Authority running the West Bank to the Hamas leadership in Gaza.

“You know what the difference is? Nothing,” said Mr Barkat. [...]

Israel has long been reliant on workers coming into the country from Gaza and the West Bank, but Mr Barkat, whose ministry is responsible for the construction industry, said: “We are done with Palestinian employees. The rationale behind it is very simple: we only want foreign employees from peaceful countries. We don’t want employees from enemies.[...]

India is the likeliest target for a recruitment drive with the promise of wages seven to ten times higher than at home. “Everybody wins,” said Mr Barkat.

“If you don’t do what I proposed, it’s as if we didn’t learn the lessons of October 7.”[...]

On the conduct of the war in Gaza and in the face of international condemnation of Israel’s tactics, Mr Barkat said: “Israel is being very cautious[...]

The reality is at certain points in time I prefer a much more aggressive approach.”[...]

["]This is a religious war.” [he said]

24 Jan 24

[janaknandini-singh999]

Now that Ram Mandir has been opened can I honestly share what I feel? No, I'm not on the side of the extremist Hinduism nor am I on the leftists I just want to take a neutral stand here.

To everyone saying it's just a political agenda and Modi is using Ram mandir to appease the Hindu vote bank. Yes, and? I think we all (even the Hindus) know what game he's playing here. My house was conflicted yesterday. My mother and nani (grandma) were sobbing on finally getting Ram lalla's darshan yesterday on TV, my nanu (grandpa) wasn't supporting any of it. And I was torn. Torn between celebrating a historic moment and rationalizing whether it even deserved to be celebrated. His return deserved to be celebrated yes but the extreme Hindus who shower flowers with one hand and with the other hand throw stones on innocent Muslims of today who never took away our beloved Ram ji away in the first place. Would Ram ji have wanted this? He would've wanted us to celebrate yes but not at the cost of harming others. I condemn the acts of discrimination against the minor sects of society, everyone who's got to suffer because of this. In Mahabharata too, the minority (Pandavas) had to go through hell but they emerged victorious in the end coz they were right. However, I'd also like to state that it's not that simple here. People calling out Islamophobia, I'm with you. People calling out Hinduphobia, I'm ALSO with you. All lives matter no matter if they are Hindu or Muslim or Christian or Palestinian. "Hinduphobia doesn't exist" It does. Ofc not at the scale of the terrifying Islamophobia in India but it does. In other Islamic etc countries, it does. Just like how Islamophobia exists in countries where Islam folk are in minority. But does that give Hindus a license to endorse and impose themselves any more than the colonizers and invaders did? No.

You can't blame innocent Muslims for what Mughal invaders did centuries ago any more than you can blame Vibhishan for what his own brother Raavan did. But whoever is on the side of wrongdoing no matter their caste, creed or religion is just as much of a criminal like Karna was with Duryodhana even though he was a Pandava by birth.

Yk I've grown up in my remote, countryside hometown where they play azaan in mosques every day morning and evening and kid me since then became so used to it that it would feel like something is missing if I'd not hear it in the background somewhere while swinging around near the trees or while just walking on the terrace and watching the distant sunset. I'm a Hindu but well, that's just personal nostalgia.

Not all muslims are terrorists. Not all Hindus are fascists. But for those who are, I'd let Karma take care of you all.

I stand with humanity.

Jai Shri Ram 🙏

Allahu Akbar 🙏

[ltwilliammowett]

My dears, here we go and today we open the first door and you can find: De Halve Maen

De Halve Maen in aktion, Hoorn, Netherlands (27-04-2018) Photographer: Benno Ellerbroek

Infos about her:

Halve Maen (Half Moon) was a Dutch East India Company jacht (similar to a carrack) which sailed into what is now New York Harbor in September 1609. She was commissioned by the Dutch Republic to covertly find a western passage to China.

She had two square sails each on the foremast and main mast and a lateen sail on the mizzen mast. The ship was armed with four smaller cannons, which were positioned in the tween deck between the main mast and the forecastle. The rudder was controlled from the slightly raised aft deck. The crew probably numbered around 20 men. More precise ship data have not been handed down.

The ship was captained by Henry Hudson, an Englishman in the service of the Dutch Republic. After a difficult stormy voyage in ice and snow at the North Cape, the expedition finally reached the Newfoundland Bank and what is now Canada. From Cape Sable, Hudson followed the East American coast southwards to the Delaware River, continuing past Manhattan and Long Island. In the summer of 1609, Hudson sailed along the Hudson River, named after him, to present-day Albany. As Hudson was unable to discover a passage to the Pacific on this route, he returned to the Netherlands.

In 1611, the East India Company sent the Halve Maen from Amsterdam to what was then the East Indies (now Indonesia). There she also served in attacks on rival trading posts, such as Solor in 1613. In 1618, the Halve Maen was set on fire in a battle with English ships off Jakarta and was lost.

To mark the 300th anniversary of Hudson's voyage, a replica of the Halve Maen was built in the Netherlands in 1909 based on plans of similar contemporary ships. The ship, christened Halve Maen II, was shipped from Amsterdam to New York as deck cargo and then sailed on the Hudson River with a crew of 18 under its own sails. This replica burned in 1934.

Another replica was launched in 1989. This was then able to take part in the 400th anniversary of the navigation of the Hudson River. The replica, named Half Moon, travelled the Hudson and its surroundings on various occasions and was based at the New Netherland Museum in New York. Since 30 May 2015, this replica has been on loan to the Westfries Museum in Hoorn for five years.

[probablyasocialecologist]

Captivity is a constitutive part of Palestinian life under occupation. Prior to Hamas’s attack on October 7th, Israel incarcerated more than 5,200 Palestinians—most of them residents of the West Bank and East Jerusalem—across two dozen prisons and detention centers. Some West Bank residents are incarcerated due to a still-operant military order issued following the 1967 War that effectively criminalized civic activities (e.g. gatherings of more than ten people without a permit, distributing political materials, displaying flags) as “incitement and hostile propaganda actions.” There are currently hundreds of such military orders, which criminalize anything that might be construed as resistance to the occupation. This surfeit of activities made illegal for Palestinians authorizes mass imprisonment: According to a recent estimate by the United Nations, one million Palestinians have at one time been incarcerated by Israel, “including tens of thousands of children.” One in five Palestinians, and two in five Palestinian men, have been arrested at some point in their lives, and, as of 2021, more than 100 Palestinian children faced up to 20 years in prison for throwing stones.

Not all who are arrested face charges. Israel often and increasingly makes use of “administrative detention,” a relic of the British Mandate era, which allows for indefinite incarceration without a charge or trial, ostensibly for the purpose of gathering evidence. It was a hallmark of apartheid South Africa and has been used to repress opposition in Egypt, England, India, the United States, and elsewhere, especially in the context of anti-immigration and “counter-terrorism” programs. “Since March 2002, not a single month has gone by without Israel holding at least 100 Palestinians in administrative detention,” the Israeli human rights organization B’Tselem notes; often the number is much higher. Prior to October 7th, more than 20% of Palestinian prisoners were administrative detainees; 233 of the 300 Palestinians on Israel’s release list negotiated last week were administrative detainees, Al Jazeera noted. According to the Palestinian prisoner organization Addameer, imprisoned Palestinians report being beaten, threatened, strip searched, and denied healthcare and contact with their families. Palestinians currently incarcerated, as well as those freed in recent days, report that conditions have worsened since October 7th. Meanwhile, even as this prisoner release proceeds, Israel continues to ramp up arrests: As of Tuesday, 180 Palestinian prisoners have been released as part of the ceasefire exchange, but during the same period, it arrested Palestinians at nearly the same rate. Today, more than 7,000 Palestinians are incarcerated in Israeli prisons.

Nowhere is Israel’s carceral regime clearer than in Gaza, the 140-square-mile area often described as an “open-air prison.” Gaza’s residents, now an estimated 2.2 million people—80% of whom are refugees or descendents of refugees forced to flee in the mass expulsions surrounding the founding of the State of Israel that Palestinians call the Nakba—have been hemmed in by a land, air, and sea blockade since 2006. As with Palestinians incarcerated in Israeli prisons, who for years have waged hunger strikes, protested, and written about the horrors of incarceration, Gazans have struggled mightily against their confinement. In 2018–19, they held weekly nonviolent protests at the border under the name Great March of Return. Israel responded with brutal violence, killing 260 people and wounding 20,000 others, many of whom were permanently disabled. A week into Israel’s current assault on Gaza, Ahmed Abu Artema, one of the co-founders of the Great March of Return, wrote an impassioned plea in The Nation, calling for the world to “help us tear down the wall, end our imprisonment, and fulfill our dreams of liberation.” On October 24th, an Israeli airstrike severely wounded Artema and killed five members of his family, including his 13-year-old son.

It is precisely in such contexts of radical asymmetry that we find the history of hostage-taking: In the last half-century, under-resourced combatants from Palestine to Brazil to the United States and beyond have used hostages to gain political leverage. Militants, whose own lives are not valued by the powers they face, capture those whose lives they assume are deemed more valuable. This strategy often succeeds in shifting the terms of the conversation—asserting the previously dismissed hostage-takers as political actors whose demands must be negotiated. But the same dynamic that leads militants to take hostages is why the tactic so often fails: The prison state fundamentally devalues life, and ultimately may sacrifice hostages to preserve its rule. Israeli officials have said as much. “We have to be cruel now and not think too much about the hostages,” finance minister Bezalel Smotrich said in a cabinet meeting as Israel launched its war.