The Reserve Bank of India (RBI) has introduced a new set of regulations for offline payments and merchant Know Your Customer (KYC) norms, aiming to strike a balance between convenience and security in the country’s rapidly expanding digital payments ecosystem. These new rules, which came into effect in 2025, are a response to the exponential…
Tag: financial inclusion
Indian Banking Reforms: 49% FDI Cap in PSU Banks & Unique IFSC Code Demand Explained
The Great Indian Banking Makeover: 49% Foreign Investment & The Push for Unique IFSC Codes India is weighing a major reform to lift the foreign direct investment cap in state-run banks to 49%, more than doubling the current ceiling and aligning public lenders more closely with private peers. The move is aimed at attracting fresh…
How Bancassurance Partnerships are Transforming Insurance in India: RBL Bank & LIC Latest Example
Introduction The Indian insurance sector is witnessing a historic evolution, driven by new business models and digital innovation. Leading this transformation in September 2025 is the high-profile partnership between RBL Bank and the Life Insurance Corporation of India (LIC), signaling a significant leap in the growth and outreach of bancassurance. With over 3,600 LIC branches…
SBI Financial Inclusion Drive in Tamil Nadu with 14 New Branches
Bringing Banking to Every Doorstep: SBI’s Monumental Expansion in Tamil Nadu State Bank of India (SBI), the country’s largest lender, has embarked on an ambitious mission to deepen its roots and champion financial inclusion across Tamil Nadu. In a significant recent development, SBI Chairman Challa Sreenivasulu Setty inaugurated a wave of new infrastructure, including 14 new bank branches,…
India’s Digital Payment Boom: Decoding the RBI Index and What It Means for You
India’s Digital Payment Boom India has never been so digital, and nowhere is this more visible than in payments. The story of the Digital Payments Index (DPI)—which reached an all-time high of 493.22 in March 2025—epitomizes the nation’s incredible growth in electronic transaction adoption. What Is the RBI Digital Payments Index—and Why Is It Important?…
RBI New Rules for Offline Payments: A Security Revolution for Digital India
RBI New Rules for Offline Payments India’s cashless revolution is unmistakable. While UPI, mobile wallets, and instant banking dominate headlines, millions of Indian consumers still rely on “offline” digital payments—card swipes, static QR codes, and ‘tap-to-pay’ transactions, often in areas with weak internet connectivity. In September 2025, the Reserve Bank of India announced several landmark…
UTIB0001579 free bank search ifsc
Bank Name : AXIS BANK Customer Care No. City : MUMBAI IFSC Code: UTIB0001579 Address : AXSI HOUSE, 4TH FLOOR BOMBAY DEYING MILL COMPUND, PANDURANG BUDHKAR MARG, WORLI – 400025 Branch : FINANCIAL INCLUSION Axis Bank: One of Indias Leading Private Sector Banks Axis Bank is one of the largest private sector banks in India,…





