The minders of the Modi government's economic policy believe it would take 7 to 8 quarters -- or till around late 2018 -- for the economy to reap the rewards of demonetisation.
Obscenity, cheating and sexual exploitation are India's leading cyber crimes, reports Chaitanya Mallapur.
After the recent attack on debit cards exposed the gaps in their security systems, banks are getting serious about data privacy.
Many PSBs are in the process of rationalisation of ATMs
I kept insisting that Rs 100 notes were in short supply and there was an urgent need to augment the supply of 100 rupee notes while also rapidly bringing into circulation the proposed new Rs 500 notes. But this was easier said than done because all the note printing machines of the RBI were programmed for printing Rs 2,000 notes and required at least three weeks before the machines could print the new Rs 500 currency notes. The availability of currency paper posed another major bottleneck, and it had to be imported. It was decided to immediately start printing the Rs 500 notes. It was only when the supply of the new Rs 500 notes started improving and the process of change of cassettes at the ATMs gathered momentum that the situation began limping back to normal. A fascinating excerpt from former SBI chairman Rajnish Kumar's The Custodian of Trust: A Banker's Memoir, five years after demonetisation, November 8.
In the first of a four-part series, Business Standard takes a look at how a mint in Salboni, West Bengal, is working overtime to print currency notes.
With cash -- the primary medium of exchange -- all but disappearing, it is now unlikely that the expected fillip to demand on account of a good monsoon and proceeds from the Seventh Pay Commission payout will materialise.
In the first of a four-part series, Business Standard takes a look at how a mint in Salboni, West Bengal, is working overtime to print currency notes.
Bandhan Bank is the first bank to be launched in eastern India post Independence.
Days after the PM announced a financial inclusion package, a look at how banks and insurance firms are going about it and what lies ahead.
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.
Electronic transactions are rising fast, so are cases of payment failure and delayed settlement. One needs to be proactive.
The theory that all banned notes will come back into the system may not be true. Anup Roy finds out.
Debit card use at POS terminals increasing at rapid clip, transactions at ATMs declining
25,600 cases of banking fraud totalling Rs 1.79 billion were reported up to December 2017. 'There is an inherent legacy when it comes to insuring crime.' 'Generally, most banks are uncomfortable in sharing data about employee fraud.'
It is possible that this experiment might see a rise in the Union government's cost incurred on tax concessions, without any increase in the tax base or coverage, says A K Bhattacharya.
On a daily basis, an average cash logistics company transports Rs 5,000-8,000 crore worth of cash nationwide.
Cash withdrawal limits likely to continue
KV Kamath has had a tough journey so far.
'A fresh look is being given to ways of processing, transmission, and delivery.'
'As citizens of this country, we often expect sweeping changes here, but find the smallest of abdications that we may ourselves be called upon to make far too inconveniencing.' 'Think about it deeply -- about the move and the reactions it has gathered -- and we will actually learn a lot about ourselves,' says Sreehari Nair.
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Banking as we know it will stand on its head in the next 10 years.
The impending default on the IMF loans leaves Greece sliding towards an exit from the euro.
Non-resident individuals (NRIs) have also been allowed to apply for the niche banking licence, provided they plan to return to India.
If you have an IT firm, you should avoid encroaching on their turf.
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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.
We need a change in mindset, says the RBI Governor.
Tough conditions imposed by global lenders could cause an outcry.
Rediff.com brings you composite images that show the comparison made between a scene from 2004 (TOP) and 2014.
Digitisation is changing the banking business. This shift has resulted in a change in banking job profiles.
Some banks might charge you a nominal amount of Rs 100-150 for issuing the card.
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.
India must first improve working condition, then it can concentrate on Make in India concept.
Whether India can create labour-intensive factory jobs instead that it needs to put millions to work in the next few years looks very unlikely.
Tamal Bandyopadhyay discusses his latest book Bandhan: The Making of a Bank at Bandhan headquarters in Kolkata.
It was a multi-million rupee scam whose extent and reach are still being unravelled, so why did the chief of the scam-tainted Saradha group Sudipta Sen plead that he was unable to pay Rs 30,000 as bail fee? Where could all the money have gone? Indrani Roy finds out.
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