The unidentified hackers had executed money transfers on two separate occasions - August 11 and August 13 - which raises the question of why pro-active measures were not taken on the first night itself
In an interview with K Rajani Kanth, NCR Corporation's managing director (India, Nepal and Sri Lanka) Pradeep Sen outlines the company's road map for India, including its plans to scale up its research and development efforts, manufacturing capacity expansion and taking the partner-ecosystem route to penetrate the petroleum and general retail segment.
'RuPay' is developed by National Payments Corporation of India.
Anticipating panic and rush at bank counters, the Reserve Bank of India as well as the government has set up control rooms in Mumbai and the national capital to avoid any crisis, Department of Economic Affairs Secretary Shaktikanta Das said.
For people who have had their personal identification stolen, it could also help prevent cyber criminals from using that information to make purchases in their name.
In all the time he has spent in bank and ATM queues, these are the 10 arguments that were being thrown at him constantly by those supporting the demonetisation, says Syed Firdaus Ashraf.
Love it or hate it, you simply cannot ignore apna #Indianisms, can you?
The re-invention that PSU banks have undergone recently is a great story.
Geeta Kapoor worked in over a hundred films, including Pakeezah and Razia Sultan.
The cash transactions have been stopped at the branches belonging to the Jammu and Kashmir Bank and Ellaquai Dehati Bank.
According to A Krishna Kumar, Managing Director, the bank will try to maintain the employee strength at current levels even as it keeps expansion programmes in mind.
KV Kamath has had a tough journey so far.
They will also have access to banking channels such as ATM, mobile and Internet banking.
Muthoot Finance Recently received in-principle approval from RBI to set up White Label ATMs. The company has already chalked out setting up 1,000 such ATMs in the first year and another 8,000 in the next two years.
Videsh Sanchar Nigam Ltd has inked a pact with ICICI Bank Ltd, whereby the private sector bank will distribute the former's Tata Indicom dial-up Internet services through its ATMs in the country.
A senior finance ministry source said making the use of debit cards and e-wallets compulsory across the board is legally untenable, but banks have been asked to insist their account holders use these instruments
'People are willing to face temporary inconvenience as they are determined to support PM Modi's crackdown on black money,' Commerce Minister Nirmala Sitharaman tells Archis Mohan.
Further, 110 people have been arrested in connection with the incident at Pulakeshi Nagar in Bengaluru. Scores of persons, including around 50 policemen, were injured in the violence that erupted on Tuesday night and continued till the wee hours of Wednesday, apparently prompted by the 'communally sensitive' online post.
'The experience so far is a shocking example of how critical scheme of national importance can be brought into disrepute by inefficient and badly designed implementation,' says Dr Madhav Godbole, the former Union home secretary.
An analysis for the first eight months of CY18 shows that the value of RuPay and UPI transactions constitute 65.2 per cent of all transactions done through debit and credit cards, in value terms, across retail outlets by the end of August.
MGNREGA scheme: A significant Rs 17,370.58 crore has been carried forward over to the next financial year as unpaid dues as demand for work continued unabated for the scheme in rural areas.
The current limit of Rs 24,000 per week has been raised to Rs 50,000 for savings accounts.
The GSAT-31 is a 'high power' communication satellite going to serve and replace some of the satellites that are going to expire soon.
The facility can be accessed using internet banking, Aadhaar number, ATM and email.
The Monopolies and Restrictive Trade Practices Commission passed the direction on a complaint from a credit card customer of the bank that he was wrongfully billed for a cash withdrawal of Rs 16,000, although he had never used the card in an ATM.
The official twists and turns have raised questions on the government's credibility and its ability to pull the nation out of the demonetisation quagmire. To keep up with the new rules, the government has issued an updated FAQ on demonetisation.
Dhanteras is considered auspicious for investment and buying gold.
As the government attempts to find a truce with a united opposition, which has disrupted both the Houses of Parliament since the beginning of the Winter Session, Prime Minister Narendra Modi is likely to participate in the discussion on demonetisation in Rajya Sabha.
In the new decade, the scene will change because the banks till recently had been challenged by the fintechs, but the techfins have now entered the arena, observes Tamal Bandyopadhyay.
BoB now has over 9,500 branches, 13,400 ATMs, 85,000 employees to serve 12 crore customers.
A gunman working with HDFC bank fled with Rs 19,50,300 cash at Kamlacity Complex N M Joshi Marg in south-central Mumbai. The gunman Shafik Ahmed, 25, and the bank's cashier withdrew cash from the bank in order to deposit it in various ATM centres.
Withdrawals from basic savings bank deposit accounts are capped at four a month, including withdrawals via ATMs.
"Your money will be given to those select 15-20 industrialists," Rahul alleged.
Curfew-like restrictions have been imposed in the area, which is the headquarters of the Dera Sacha Sauda sect.
Gautam Adani, head of the Rs 45,000-crore Adani group that is in the midst of a controversy, with the Congress party charging the BJP's prime ministerial candidate Narendra Modi with showing special favours to them speaks to CNN-IBN.
RBI had earlier permitted minors to open fixed and savings deposit bank account with mothers as guardian.
It's never too late to teach your child financial matters. Start now.
As many as 641 customers across 19 banks have been duped of Rs 1.3 crore using stolen debit card data
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