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EC letter to RBI, TMC for drafts of Rs 1.33 cr

The Election Commission has asked the Reserve Bank of India to inquire into the conduct of Allahabad Bank and United Bank of India which made drafts of Rs 1.33 crore for Trinamool Congress in......

RBI may soon allow interoperability of Post payment bank ATMs

India Post, the world's largest mail delivery network, is carving out a separate vertical to manage banking services, a move that will help it win RBI nod for interoperability of its ATMs with......

CBI quizzes top Kingfisher, UB officials for the 2nd day

A consortium of banks led by State Bank of India wants to liquidate Mallya's assets to recover the loans.  Image: Prosecute Vijay Mallya for not paying taxes and clearing their dues, say......

As Rajan tightens screws, banks can still disguise bad debts

A tool provided by the Reserve Bank of India (RBI) to help lenders tackle bad debts is instead helping to camouflage the scale of the problem, evidence of how the country's banks will struggle to......

Central Bank tops list of highest NPAs among PSU banks

Central Bank of India has topped the list of public sector banks with maximum bad loans including restructured assets as a percentage of total advances. According to the data provided by the......

Bankers resort to 'Gandhigiri' to recover dues from wilful defaulters

United Bank of India and Andhra Bank employees start organising silent protests outside houses and work places of defaulters. Bankers are resorting to 'Gandhigiri' – made famous by Rajkumar......
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Cash woes continue

Calcutta, Dec. 3: A poster outside the RN Mukherjee Road branch of Union Bank of India said only branch customers would be entertained because of... ...

http://www.telegraphindia.com/1161204/jsp/calcutta/story_122885.jsp
Vortex Engineering bets big on mini-ATMs

Chennai - India's own automatic teller machine (ATM) maker Vortex Engineering Pvt Ltd is betting big on its mini-ATMs as banks and others are... ...

http://www.sify.com/finance/vortex-engineering-bets-big-on-mini-atms-news-finance-qmdquedifgjhf.html
One of India's largest trading hubs is not worried about Modi's cash ban. Read why

MUMBAI: Kalbadevi market in Mumbai, one of the largest business and trade hubs in western India that primarily deals in cash, seems to have adapted... ...

http://economictimes.indiatimes.com/industry/banking/finance/banking/mumbais-kalbadevi-now-trades-with-a-new-currency/articleshow/55760714.cms
Demonetisation to affect polling personnel

SHILLONG: The deputy commissioners of three districts where by-polls to seven seats will be held have raised concerns over payment of remuneration... ...

http://www.theshillongtimes.com/2016/12/03/demonetisation-to-affect-polling-personnel/
Two deaths as banks, ATMs run out of cash

Two men, aged 72 and 80, died on Friday while standing in bank queues at Habra in North 24-Parganas and Raidighi in South 24-Parganas. Rabin... ...

http://www.telegraphindia.com/1161203/jsp/calcutta/story_122723.jsp

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