This is the fifth increase in withdrawal limit since the bank was placed under its direct control with an administrator on September 23. Since then as many as nine depositors have lost their lives including a 74-year-old man from Thane on Monday.
New offerings by banks are changing the way you transact.
Paying for facilities like issuance of demand drafts, cheque books, credit or debit cards and ATM interchange may soon become passe as public sector lender IDBI Bank on Wednesday waived-off all service charges on current and savings accounts (CASA), the first by any bank.
Non-Performing Assets are a wake-up call for public sector banks.
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.
Payment banks may not be viable option to attain financial inclusion.
The cash transactions have been stopped at the branches belonging to the Jammu and Kashmir Bank and Ellaquai Dehati Bank.
.jpg)
It appears as though the police have given up their search for the assailant who brutally attacked a woman bank official with a lethal weapon in a Bengaluru ATM kiosk in November.
Branch additions for most major banks in the current financial year do not correspond to the number of the past two years.
On Friday, the bank's offices and ATMs in Gujarat were faced with anxious customers and a spate of withdrawals as rumours of its viability spread.
Although private banks continued to operate as usual majority of trade and industry was hit by the strike by staff of 25 nationalised banks who are demanding revision of wages and a second option for pension among other things. The Indian Banks' Association, a grouping of public sector banks, is yet to formally respond to the demands of the striking employees.
In the next few days, use credit/debit cards wherever possible or download your bank's mobile banking app or a mobile wallet.
Understanding these seemingly difficult terms will help you navigate the complex world of personal banking with ease.
Yes Bank users can now make over Rs 2 lakh payments towards loans, credit cards via other bank accounts.
March 28 is a holiday on account of Ram Navami.
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.
Banks asked to maintain record of cash being ferried in these vehicles all the time
Godhra is one of the 14 seats which the AIMIM is contesting in the next month's elections to the 182-member Gujarat assembly.
Banks, ATMs and quite a few markets were kept open on Sunday while 2.5 lakh sacrificial goats have been made available in the Kashmir valley to help citizens celebrate Eid-ul-Azha with traditional fervour.
Most of the buses run by Telangana State Road Transport Organisation are also off the roads
In one of the biggest ever bank heists, a global cyber crime ring stole $45 million by hacking into credit card processing firms.
The cash was reported missing while being ferried to various ATMs in Delhi.
Soon after the lifting of the 13-day moratorium at 6 pm, some customers took to social media complaining that they were not able to access certain services, including internet and mobile banking.
The veteran banker has been instrumental in building the bank from scratch and turning it into the largest private sector lender of the country.
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.
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.
Economic activity has regained momentum from late-May after the dent caused by the second wave of COVID-19, and the pandemic's impact on the overall asset quality has been less than expected, Reserve Bank Governor Shaktikanta Das said on Thursday. However, Das flagged rising data breaches and cyber-attacks as among the risks for the recovering economy, along with others like firming global commodity prices. The governor also said the second wave had a "grievous toll" on the country.
As ATMs hold huge amounts in cash and criminals use them to get to customers' cards and PIN data, electronic security is crucial
'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.'
Now, customers can do a real time cash deposit into a bank account, withdraw cash, deposit cheques, transfer funds, open fixed deposits, generate bank statements, pay insurance premiums, home loan EMIs and so on.
Banking operations were affected as the strike call given by the employees union to press for wage related issues entered the second day on Thursday.
