As many as 641 customers across 19 banks have been duped of Rs 1.3 crore using stolen debit card data
'This way, you'll maintain our glorious traditional values and get more efficient governance as well.'
As hundreds of world's rich congregate for the World Economic Forum Annual Meeting in Davos, many of them have also scheduled meetings with Swiss bankers to devise new strategy for their hidden wealth.
High interest rate, policy uncertainty in the year of elections, along with risk aversion led to slow takeoff in credit demand on the corporate front.
After days of incessant rains, the situation improved in many parts of Kerala, Karnataka and Maharashtra on Tuesday with water receding in affected areas.
A Europe-like cyber security defence alliance is the need of the hour, say banking technology experts.
As the 50-day deadline for completion of demonetisation process draws near, there is a growing consensus among bankers that the restrictions on withdrawal would have to continue even in the New Year so as to maintain orderly working at the banks.
A large number of people using cards at PoS Cards being used more frequently Small-ticket transactions Mastercard South Asia head Porush Singh calls these the three key trends for a cashless future. And post-demonetization India, he believes, is steadily moving towards it.
NPCI calls bids to cover all e-payment transactions where consumer followed procedure; both state and private insurers show interest.
Changes in regulations and the imminent enforcement of some long-standing regulations are pushing up the cost for banks apart from the general cost inflation.
Credit card thieves are getting smarter with the help of sophisticated machines and cameras. But have you become smarter and more cautious?
'Reports of hitherto 'atmanirbhar' breadwinners having to stand in line for a plastic bag of khichdi or, travelling thousands of kms with nothing but packets of biscuits, have not moved the prime minister,' observes Jyoti Punwani.
The country's largest bank, which has about 25 per cent market share, has also decided to do away with the charges on fund transfer through mobile phones using the IMPS from August 1.
As India reels from a severe water shortage, startups have begun offering innovative ways to help people access safe drinking water.
Readers tell us how they are managing without cash since November 8.
The bank's response came to a clarification sought by stock exchange on recent reports on debit cards blocking in the wake of suspected data breach
Processing fees, pre-payment charges add to expenses; also low rates not for all
He also sought to know if Modi, during his recent meeting with Chinese President Xi Jinping, asked the latter about the 2017 Doklam standoff.
When NaMo became Pradhan Sevak, little did we know he would usher in words and phrases that would become such an important part of our lives. As he enters his fifth year in office, a look at Modi-lingo :)))
Extended check-in time, frequent disinfection every hour, additional queue managers at entry, exit, boarding point, check-in halls, security check areas and boarding gates, with social distancing markers and reminders - welcome to our airports post-coronavirus.
However, the road to profitability has already hit some hurdles for the Delhi-based bank as the Union government has rejected its demand for an additional capital infusion of around Rs 8,000 crore in 2018-19
Even if the government didn't plan for demonetisation properly, it could have taken steps on a war footing later to ensure the situation improves.
Around $1 million (Rs 6.63 crore) was seized from two persons here as police intensified vehicle checking in Bihar which is gearing up for the assembly elections, the police said on Thursday.
Greece will extend a bank holiday that has been in effect since June 29 for two more days.
This smartwatch is to Android what the Apple Watch is to the iPhone, says Khalid Anzar.
Take this quiz to test your finance gyaan.
Cyprus, once a high-income economy is today facing a severe economic crisis.
Extensive use of such cards is making it easier for hackers to withdraw large amounts of money before detection.
A post in Humans of Bombay's Facebook page from a manager of a bank will give you an insight of what the bankers are going through and will urge you to cooperate with them.
Bappadittya Sarkar, who was taken to a Mumbai police station by his cab driver after the latter overheard his phone conservation about an anti-Citizenship (Amendment) Act protest, said the language symbolises whatever is going on in the country.
While some of the banks mentioned in the report said they have not come across any such fake apps, others have started an inquiry and also informed the CERT-In -- the national nodal agency for responding to computer security incident.
Its obsession for growth, chasing corporate clients and giving up its original mandate of meeting the needs of local trade and businesses. A quarter of its loan book has gone bad. That's an error of business strategy, points out Tamal Bandyopadhyay.
Payment banks may not be viable option to attain financial inclusion.
Branch additions for most major banks in the current financial year do not correspond to the number of the past two years.
Instead of being a facilitator, each political formation has only tried to be an ATM for freebies, feels Veena Sandhu
In one of the biggest ever bank heists, a global cyber crime ring stole $45 million by hacking into credit card processing firms.
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