"Here is an opportunity to look at it from a different perspective. It is an out of the box situation. It maybe a first of its kind situation.
If you are have an account with State Bank of India, HDFC Bank or Axis Bank you will have to pay higher charges for using ATM more than five times a month.
Payments banks will mainly deal in remittance services and accept deposits of up to Rs 1 lakh.
ICICI Bank, ONGC and Tata Motors contribute to nearly 50% gain seen on the Nifty.
MCLR-linked loans are more responsive to RBI's rate movements, and rate cuts may be transmitted to borrowers in a manner useful to them.
Sharp fall in capital goods production and manufacturing activity also dented sentiments.
Relaxation in KYC guidelines has helped meet the target but this could lead to money laundering and financial malfeasance, it is feared.
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Reliance, Birla Group, Airtel eye small finance banks.
'Which is the line for depositing money?' 'Which is the line for changing money?' 'Which is the line for withdrawing money?'
The Department of Post, Tech Mahindra, Videocon Group and stock exchange NSE have joined big corporates like Ambanis and Birlas to seek entry into banking business through newly created niche category of Payments and Small Finance Banks.
Top gainers from the Sensex pack are Asian Paints, Bajaj Auto, ITC, NTPC, L&T and HDFC, all up 2% each
Watal panel had suggested an independent payments regulator be set up.
The Survey shows fiscal consolidation despite slowdown in growth.
The preference for digital banking now cuts across all customer segments.
The Supreme Court on Friday dubbed as a "serious issue" the long queues outside banks and post offices and expressed its reservation on the Centre's plea seeking a direction that no other court in the country should entertain petitions challenging the November 8 notification demonetising Rs 1,000 and Rs 500 currency notes.
Any saving on the car loan EMI can translate into major savings.
Srei Infrastructure's vice-chairman -- and former Assocham president -- Sunil Kanoria discusses the Kanoria businesses and his impression of the Modi government with Ishita Ayan Dutt and Namrata Acharya.
Vijay Mallya, who faces prosecution in India, is reportedly in London.
'There are a lot of positive things these reforms are bringing about and it is only a matter of some quarters before the growth rate picks up momentum.' 'Until then we need to be a little bit patient.'
ONGC was the top gainer which surged over 4% followed by Axis, SBI, CIL
Biggest ever share sale by any private or public sector co in India.
Jaitley's Budget has the potential to change the face of Modi's Bharat
P Murugesan has been sending telegrams for 33 years in rural Tamil Nadu. He remembers hectic marriage seasons, many moons ago, when everyone sent telegrams. And days when even 15 Morse machines could not handle the load...
More than 3,000 squads under health and local self-government departments have started the process of cleaning houses and public places, official sources said.
Investors booked profits at higher levels with oil shares leading the decline
Amit Jaiswal, head of academics, MockBank.com shares expert advice with our young aspirants.
Consumer durables and electronics companies are putting the final touches to their festive period plans.
Shalini Krishnan discovers the amazing talent and creativity of tribal children in Odisha.
Launching a scathing attack on Prime Minister Narendra Modi, Opposition parties on Wednesday alleged that selective leak of information on demonetisation of 500 and 1000 rupee notes to 'friends of BJP' and demanded making public the names of those who had bought gold and foreign exchange of over Rs 1 crore since April.
Famous and long believed to be trusted Indian brands have wilted against foreign brands, says Mohan Guruswamy.
The yellow metal is a safe bet in the long run.
Shriya Rangarajan has come a long way from the comforts of the western world.
'Alas, in this scheme there is nothing to stop the black money flows of the future.' 'On the contrary Modi has sown the seeds of more, through the issue of Rs 2,000 notes.' 'But have you heard one politician decrying this aspect of the scheme?' 'They must be secretly rejoicing that while Modi is taking away their past, he has not shut the door on their future,' says banker S Muralidharan.
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