Snehal khanna Blog

Given the expertise, focus and core competency of mobile wallet players like Paytm and Mobikwik, it makes more sense for banks to partner such players than building or pushing own e-wallet apps LATEST NEWS : An accelerated digital adoption in India, especially after the Narendra Modi government’s November 2016 move to demonetise high-value currency notes, and the subsequent spike in electronic payments, are credited with scripting a success story for mobile wallet companies. And, with a loss of market share in the payments space that ensued, banks also jumped on the bandwagon and launched their own e-wallets. Now, however, with their wallet customer base, user interface and innovation not matching well enough with the numerous offers that niche wallets provide, banks are struggling to compete. On the post-demonetisation digital drive, Ritesh Pai, chief of digital office, YES Bank, says: “Some users who never had an active interface with the banking system also embraced pre...

Her current term comes to an end in June 2018 LATEST NEWS :      Shikha Sharma has been re-appointed as MD&CEO of Axis Bank for three-year term from June 2018, putting to rest rumours about her being sounded out to head Tata's financial services vertical. Axis Bank informed Bombay Stock Exchange that board of directors has approved the re-appointment. The board held its meeting on 26th July, 2017. The appointment is subject to compliance with the prescribed formalities and receipt of requisite regulatory/ statutory approvals, the private lender said. Axis  had appointed an executive search firm to carry work on zeroing in on CEO to head the bank after her current term was to end in June 2018. Earlier in the day Sharma told media:  “The appointment of a search firm was in the interest of best governance, given that I would have done nine years with the bank in June 2018. It does not preclude anything about whether I will d...