Cyber crime wing has been receiving 4-5 complaints every day involving impersonation
'The FSIB will conduct interviews for the SBI chairman position on May 21-22 as the tenure of the current chairman Dinesh Kumar Khara is scheduled to end by August.'
Corporation Bank on Thursday announced that it has joined Cashnet, the country's largest shared ATM network.
India's first floating ATM will be launched in Kochi on February 9 by the State Bank of India.
In order to provide an impetus to digital funds movement, it has been decided to do away with the charges levied by the RBI for transactions processed in the RTGS and NEFT systems, RBI said.
A woman attacked with a machete in broad daylight at an ATM in Bangalore is battling for life.
An RBI official said the supply of currency was adequate in the states facing a crunch at ATMs but the logistic issues led to the present situation
What has your experience been like? Did you have to wait hours trying to get money from an ATM or bank teller? Did the cash run out before your turn arrived? Did you need to wait hours to exchange your Rs 500/Rs 1,000 notes, only to be told you had insufficient documentation?
The ruling Congress is seeking to retain power in Chhattisgarh by banking on the welfare schemes of the Bhupesh Baghel government, while the Bharatiya Janata Party is hoping to corner it on the issues of alleged corruption, religious conversions and unfulfilled poll promises.
Employees of public sector banks (PSBs) on Thursday went on two-day strike against the move to privatise public sector banks impacting normal banking operation across the country. Many branches across different parts of the country were shut as the United Forum of Bank Union (UFBU), an umbrella body of nine bank unions including All India Bank Officers' Confederation (AIBOC), All India Bank Employees Association (AIBEA) and National Organisation of Bank Workers (NOBW) had given two day strike call. As a result, services such as deposits and withdrawal at branches, cheque clearance and loan approvals might be affected due to the strike. But ATMs are expected to function as usual.
Take the rediff business quiz and see how much you know about banks in India.
IDBI Bank, UTI Bank, Citibank and Standard Chartered Bank on Wednesday came together to launch an independent shared automatic teller machine network, covering six million cardholders in 100 cities of India.
India Post may be keen to apply for payment bank licence.
It will carry out most banking operations like accepting deposits but can't advance loans or issue credit cards.
The survey was based on the survey of 44 banks.
The demonetisation camp remains devided, while some feel the exercise is a total flop, others feel the government should be given some more time
Radio Free Europe reported that the Asian Infrastructure Investment Bank, a Chinese-led development bank, suspended all business with Russia and Belarus on March 3.
In an online chat with readers on April 27, Sameer Ratolikar, Chief Information Security Officer, HDFC Bank, answered readers' queries on how to secure their online banking transaction.
Banks will remain open for the public even on the weekend
The RBI plans to increase e-smart facility.
Replying to supplementaries during Question Hour in Rajya Sabha, Telecom Minister Kapil Sibal said there are 154,688 post offices in the country, the largest postal network in the world.
Sporadic violence hit Hyderabad and other parts of Telangana region on Sunday, on the first day of the 48-hour bandh called by the Telangana Rashtriya Samiti, with protestors damaging bank ATMs, torching a hotel and indulging in vandalism to press for their demand for a separate state. Normal life came to a grinding halt as the day coincided with the anniversary of Babri mosque demolition, which is observed as 'Black Day' by various groups.
2 masked assailants shot dead 3 persons carrying bank money in a busy commercial area.
The apex bank has sent a communication in this regard to Indian Banks' Association and this is expected to be implemented shortly, IBA chairman K Ramakrishnan told PTI. Since April 1, RBI had declared third party ATM usage, including cash withdrawals and account enquiries, free for all customers and said that banks can charge Rs 18-20 per month from other banks in case of third party ATM transaction.
Canara Bank on Friday launched Internet and mobile banking services covering 300 select branches spread across six cities in the initial phase and said it is in talks with five or six banks for ATM sharing.
Union Home Minister Amit Shah on Wednesday asserted that Article 370, which granted special status to Jammu and Kashmir, will not be restored even if Congress stalwart and late PM Indira Gandhi comes down from heaven.
Bankers need to take a call on whether they will allow technology firms to run banks or banks themselves will turn into tech firms, says Tamal Bandyopadhyay.
Tamil Nadu-based Lakshmi Vilas Bank (LVB) with pre-independence lineage on Friday lost its identity after its merger with the Indian subsidiary of Singapore's DBS Bank. The debt-ridden 94-year old old bank's fate was sealed with Union Cabinet headed by Prime Minister Narendra Modi approving Scheme of Amalagamation on Wednesday.
Lens on rural transactions. Only 38% of branches of scheduled commercial banks (SCBs) are in rural areas
'We have collected Rs 83,702 crore in deposits in five days.'
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.
ICICI bank waives ATM charges.
Unlike any other national asset, which is typically sold to the highest bidder, the profile of the bidder is the most important criterion for a licence to bank, and even for acquiring more than 5 per cent stake, explains Tamal Bandyopadhyay.
Scores of protesting Kashmiri Pandit prime minister's package employees on Monday reiterated their demand for relocation outside the valley, saying their worst fears have come true with the latest killing of a community member in Pulwama.
Banks now ride on what is defined as a "banking outlet". This is a fixed-point service unit, manned by either the bank's staff or its business correspondent (BC), where all kinds of services - acceptance of deposits, encashment of cheques, cash withdrawal or lending of money - are provided for a minimum of four hours per day, for at least five days a week. Banks are now turning to reposition the manner in which they acquire customers, report Abhijit Lele and Raghu Mohan.
