While the basket is now mandatory for all vehicles in India, IDFC has teamed up with First Bank and Hindustan Petroleum to bring the service of paying for fuel through the posttake.
This will enable IDFC First Bank holders to pay for petrol and diesel through Hindustan Petroleum stocks through Poststock.
IDFC First Bank
IDFC First Bank aims to make all payment services based on transportation easy and advanced for customers. Through this, IDFC First Bank has distributed the 50 lakh postcards it has now issued. Of this, 20 lakh baskets are being used daily.
Hindustan Petroleum
Currently, the service is a joint venture between IDFC First Bank and Hindustan Petroleum. This service will greatly increase the use of the postcode.
Expansion for personal vehicles
IDFC has partnered with First Bank and Hindustan Petroleum to extend this service to personal vehicles now, up from last year only for commercial vehicles. According to the bank, IDFC First Bank was the first to introduce such a service.
Posttack project
In India, the Bastak project is being developed by the National Highways Department, the Highway Management Agency and the National Payment Corp. At present 70 lakh money transfers are done daily in India through PostTake.
Shares of Ujjivan, IDFC, Equitas showing mass by Reserve Bank .. 20% growth ..!
The Reserve Bank of India (RBI), which has been actively involved in restructuring the structure of the Indian banking sector, has said that NOFHC is not required when there is no alternative or other business within the Group, even though the new Universal Bank licenses are given under the Non-operative Financial Holding Company (NOFHC) framework.
This means that the NBFC Bank does not require a holding company when only normal banking services are provided.
But if the bank’s promoters, promoters’ companies, branch companies provide non-banking services such as mutual fund investment services, the holding company is required.
Shares of NBFC Bank traded higher on Monday as the change was favorable for NBFC Banks.
IDFC Limited
Shares of IDFC Bank rose 19.88 per cent in today’s trade to reach the Upper Circuit level.
Shares of IDFC ended at Rs 33.45 in Friday’s trade and rose to Rs 40.10 in today’s trade.
Equitas Holdings Limited
Shares of Equitas Holdings Ltd, like IDFC shares, closed 19.96 per cent higher at Rs 52.85 in Friday’s trade. As a result, Equitas Holdings Ltd. rose to Rs 63.40 in today’s trade.
Ujjivan Financial Services Limited
Ujjivan Financial Services Ltd closed 16.59 per cent higher at Rs 248 on Friday. As a result, Ujjivan Financial Services Ltd. rose to Rs 289.15 in today’s trade.
New change
All banks currently under NOFHC may leave the holding company exhausted when there is no exchange business.
Similarly, companies licensed before banking before 2013 will be allowed to leave the holding structure for the next 5 years as this new rule applies.
