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Latest Money & Banking, Financial News Today - news | The HinduBusinessLine

Banking system’s ₹5 lakh cr plus surplus liquidity prompts RBI to announce drain out auction Fintech IPO plans hit pause as weak rupee, retail pullback weigh on timing Godrej Capital eyes ₹50,000 cr AUM in 2 years, to launch gold loans by June FIU-IND, SEBI sign MoU to strengthen anti-money laundering framework in India HDFC Bank chairman resignation not a sign of financial stability: InGovern HDBFS shares jump 12% post Q4 results, brokerages see steady growth ED arrests former ADAG executive Amitabh Jhunjhunwala in loan fraud case Q4 Results Highlights Today: Elecon Engineering PAT declines, ICICI Lombard net profit rises 7%, HDB Financial shares gain ahead of Q4 results today, Reliance Industrial Infra, GTPL Hathway, Tejas Networks to announce Q4 results today, ICICI Prudential Life, Anand Rathi Share rise Satin Growth Alternatives launches debut ₹200 cr fund Insurers need to make payouts quick and frictionless, says DFS Secretary C-D ratio of banks widens to 255 bps Non-life insurers’ premium income rises 9.2% to ₹3.35 lakh crore in FY26 RBI allows NBFCs, including gold loan companies, to open branches without prior approval Trump says he may fire Fed chair Jerome Powell if he does not step down RBI allows NBFCs to open branches without prior approval, eases norms LPL Financial opens Global Capability Centre in Hyderabad Shriram Finance subsidiary gets RBI nod to start primary dealer business NBFCs' reliance on bank borrowings to increase in FY27 on lower interest rates RBI holds talks with banks on ways to boost deposits Banks increase mark-up over repo-linked external benchmark loans to protect margins Paytm becomes majority Indian-owned and controlled company as domestic investors raise stake UPI clocks 228.5 billion transactions in 2025, driving India’s digital payments boom Kevin Warsh files financial disclosures, pledges divestment for Fed nomination Bitcoin climbs to 4-week high on hopes of US-Iran peace talks Gold loans register sharp growth to emerge India’s second-largest retail credit product: TransUnion CIBIL Poonawalla Fincorp mops up ₹2,500 cr via QIP RBI returns Ujjivan SFB’s application to transition to a universal bank LIC board approves 1-for-1 bonus issue BoB and Reliance Jio launch mobile banking app for feature phone users Net sales of non-financial pvt cos rise 11.4% in FY25: RBI data
PLI onboarded on Bharat Connect; digital premium payments...
By ANI · 2026-04-21 · via Latest Money & Banking, Financial News Today - news | The HinduBusinessLine

NPCI Bharat BillPay Limited (NBBL) has onboarded Postal Life Insurance (PLI) as a biller under the insurance category on the Bharat Connect platform, enabling over 1.25 crore policyholders to pay premiums through digital and offline channels.

A biller is a service provider (like an insurer or utility) integrated into the platform to receive payments, acting as a secure, centralized digital repository for real-time bill fetching and payment settlement. State Bank of India (SBI), acting as the Biller Operating Unit (BOU), facilitated the integration, allowing PLI and Rural Postal Life Insurance (RPLI) customers to make renewal premium payments via Bharat Connect-enabled apps, websites and agent networks.PLI, operated by the Department of Posts, services more than 1.25 crore active policies and processes around 2.5 lakh transactions daily.

With this addition, Bharat Connect's insurance category now includes 65 billers, reflecting the growing shift towards digital premium payments. Highlighting the significance of the move, Director General of Postal Services Jitendra Gupta said, "The integration of Postal Life Insurance (PLI) and Rural Postal Life Insurance (RPLI) with Bharat Connect (BBPS) marks a significant milestone in the Department of Posts' digital transformation journey."

He added that the department "continues to modernise its services while upholding its legacy of trust and reliability." SBI said the collaboration would strengthen access to digital financial services across geographies. "By bringing PLI onto the Bharat Connect platform, we are strengthening the digital payments infrastructure for essential financial services and helping expand access to convenient, reliable and recurring premium payment options for millions of policyholders," the bank said.

NBBL Managing Director and CEO Noopur Chaturvedi said the integration would simplify payment processes for users. "With this addition, we aim to simplify premium payment journeys of policyholders nationwide. Bharat Connect has established itself as a trusted and convenient platform for recurring payments," she said. The Bharat Connect ecosystem has been expanding steadily and now includes over 22,640 billers across more than 29 categories. The platform is accessible through over 700 apps and more than 5 lakh offline agents across the country, underlining its scale in India's digital payments infrastructure.

Published on April 21, 2026