Three weeks after the brutal attack on a woman bank official at an unguarded ATM kiosk in Bangalore, the assailant was still on the run even as police said they were making "all efforts" to nab him.
Beneficiaries of kerosene, LPG and fertiliser subsidies will be able to get direct cash transfers through banks, ATMs or even mobile banking after the UIDAI's recommendations to plug leakages in the system are implemented.
SBI has announced an investment of Rs 7,250 crore in Yes Bank through the acquisition of 725 crore shares at Rs 10 each.
'We went from zero to about 10 million users in three months. Paytm came out with the wallet play and we came out with the UPI play.'
Cruelty by the husband (or his relatives) accounted for about 40 per cent of these cases. Delhi reported the highest number of cases of crimes against women (12,552) followed by Mumbai with over 5,000 cases.
State Bank of India and Kingfisher Airlines on Monday launched a e-ticketing initiative for air travellers.
ATMs may soon be used to buy airline tickets with technology firm NCR Corporation developing a software that enables users to make bookings by accessing flight schedules, select destinations and dates of travel.
The findings are an early step in understanding security vulnerabilities of wearable devices
The government is likely to introduce Quick Money Withdrawal Scheme on the lines of Any Time Money in post offices
The businessman, who worked for the printing firm De La Rue Instruments at the time, came up with the concept of a self-service cash dispenser in 1965.
A woman attacked with a machete in broad daylight at an ATM in Bangalore is battling for life.
India's first floating ATM will be launched in Kochi on February 9 by the State Bank of India.
Railway Protection Force (RPF) constable Chetansinh Chaudhary, who shot dead his senior and three passengers on board a moving train last month, has been dismissed from service, an official said on Thursday.
The machine can hold 600 cupcakes and was installed in front of Sprinkles' flagship store in Beverly Hills in Los Angeles.
The Congress leader, who resigned as the chief minister Sunday night, emerged victorious in the Patan assembly seat, defeating BJP candidate Vijay Baghel by 19,723 votes in the state assembly elections held last month.
The free run at automated teller machines might end soon, with banks petitioning the Reserve Bank of India to put curbs on cash withdrawals at third-party ATMs. Representatives from the Indian Banks Association, who met central bank officials late last month to make a case, said RBI had accepted most of their suggestions and these are likely to come into effect soon.
Days after cash and ornaments valued at over Rs 2.25 crore were found missing from an Axis Bank branch in Manipur's Churachandpur, criminals targeted another bank in Kangpokpi district and looted computers and other electronic items worth nearly Rs 1 crore, officials said on Friday.
By 2017, research provided by NCR Corporation, an ATM maker, suggests that the installed base of these machines in India will reach 400,000 machines, from about 100,000 in the third quarter of 2012.
Has Vijay Shekhar Sharma given up on the bank? For now, he seems to be on a save-OCL mission. The bank will face its logical end, observes Tamal Bandopadhyay.
The injured troopers of 50 RR were immediately evacuated to the local hospital at Pampore where one soldier succumbed while the other was referred by attending doctors to the army base hospital in Srinagar for specialised treatment. The two RR jawans were part of a road opening party," the officer said.
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Because of corrections in property prices and oversupply in the office segment, the rich are investing in hospitals, warehouses, ATMs and other alternatives to traditional investment options.
The Reserve Bank on Friday superseded the board of the city-based Abhyudaya Cooperative Bank on concerns emanating from "poor governance" and appointed an administrator to manage the affairs of the lender. In what can be seen as a step that should allay depositors' concerns, the central bank did not put any restrictions or moratorium on deposit withdrawals because of the comfort it gets on the bank's finances, according to people in the know. "(The) action is necessitated due to certain material concerns emanating from poor governance standards observed in the bank.
Researchers from the data analysis firm Data Genetics have found that the three most popular combinations '1234', '1111', and '0000' -- account for close to 20 per cent of all four-digit passwords.
'The focus needs to shift towards the ability to collect payments, particularly in tier-3 to tier-4 areas where acceptance is still lacking.'
The department plans to give taxpayers the facility of applying for tax refunds and tax credits through ATMs.
According to the RBI's April 6 circular, cash loading companies, which take cash around the country, are supposed to increase their net worth to Rs 1 billion within 90 days.
The accounts were hacked during April and May, police said, adding that the Axis Bank had contacted Mumbai police and informed that they had set up a committee to probe the matter.
2 masked assailants shot dead 3 persons carrying bank money in a busy commercial area.
Cyber crime wing has been receiving 4-5 complaints every day involving impersonation
The Reserve Bank of India on Friday directed banks to reimburse customers for amounts wrongfully debited from their accounts in failed ATM transactions within seven days of an account holder's complaint or else pay a Rs 100 per day compensation.
Rapid strides in digital payments notwithstanding, the Indian economy will likely remain cash-dependent for many years to come, at least that's what the automated teller machine makers and cash logistics companies are betting on. After growing at over 20 per cent for most of 2020, currency in circulation growth fell to 8.5 per cent as of October 29 this year, shows data from the Reserve Bank of India (RBI). The reason for the steep rise in currency last year was the uncertainties related to the Coronavirus (Covid-19) pandemic, where people preferred to hoard cash to meet exigencies.
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