This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community. India has been working on a CBDC for years, under the belief ...

The Yes Bank app’s UPI integration is the first for the Indian retail CBDC, which has seen a variety of projects since its pilot launch in December. The Reserve Bank of India (RBI) central bank ...

Japanese bank Sumitomo Mitsui Banking Corp (SMBC) is going to buy India's largest private lender, Yes Bank. In this deal, 8 ...

In the past, SBI’s entry into YES Bank helped it stabilise deposit base. SMBC’s entry into YES Bank could potentially lead to ...

Read which entity got how much funds under the Finance Ministry's incentive scheme for promoting digital payments in 2023-24.

In July 2025, the value of UPI transactions reached Rs. 25.08 lakh crores, compared to Rs. 20.64 lakh crores in July 2024, as per NPCI data. The value of July transactions is the second highest. In ...

MUMBAI, May 16 (Reuters) - (This May 15 story has been corrected to clarify that SMBC will acquire the stake, not SBI, in paragraph 6) India's Yes Bank (YESB.NS), opens new tab expects Japan's ...

MUMBAI, June 7 (Reuters) - India's Yes Bank (YESB.NS), opens new tab sees scope to expand its net interest margin by 100 basis points over the next three years by raising more low-cost deposits and ...