Demonetisation impact: Money lenders make a comeback.
Axis Bank dismisses 24 staffers, suspends 50 accounts after I-T raids
Report holds Hitachi responsible for debit card data theft. When the data theft came to light, Hitachi had denied that its systems were compromised.
Declining interest rates, a near-normal monsoon leading to higher rural incomes and pay hikes for central government employees are key triggers, says Dev Chatterjee.
There is no immediate plan, either in terms of employees or branches, said Uday Kotak on the merger deal.
ICICI Bank has 317 branches in hitherto unbanked villages.
In the domestic market, the cost is a third but in the international market, we are finding it difficult to price it accordingly.
Around 2,500 engineers and 45,000 cash management employees step up efforts to complete the target of recalibrating 12,500 ATMs every day.
After the recent attack on debit cards exposed the gaps in their security systems, banks are getting serious about data privacy.
HDFC Bank managing director Aditya Puri says a little delay in monetary transmission is inevitable
'Fear is also a great impetus to push people in the right direction.' 'So, everyone who has touched black money is scared and I'm very happy about it.'
Under Sharma Axis Bank has also taken the lead in focusing on technology, which has now become core to almost every other lender's strategy.
With about 2,000 qualified engineers to service ATMs across the country, it is an uphill task to modify 220,000 machines.
At ATMs, as a step to avoid getting Rs 2,000 notes, people are withdrawing Rs 1,900 in Rs 100 notes and then putting another request for the balance Rs 600, so that they remain within the limit of Rs 2,500 per day of withdrawal.
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