Union Bank of India, Canara Bank, Andhra Bank, Saraswat Co-operative Bank and YES Bank have come together to allow inter-bank fund transfers through debit cards.
On a daily basis, an average cash logistics company transports Rs 5,000-8,000 crore worth of cash nationwide.
Bharati Dutt witnessed life-changing events that shaped India on the threshold of freedom. Her memories are an account of how ordinary Indians saw India change.
Currently, the fee is Rs 15 per financial transaction. This has been recommended to be revised to Rs 16.50, plus service tax (12%), taking the amount to Rs 18.48.
Kanika Datta reflects on Indians and our relationship with snaking queues from the license raj to demonetisation.
This was among the few times that TCS had to deploy rapid application development mode, which means changes in the application happen on-the-go.
Banks are pushing into credit cards and personal loans, using blanket advertising, cold call campaigns and even sending employees to malls to lure customers.
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.
A white-label ATM is similar to a normal bank ATM but is not owned by a bank, instead by a private ATM service provider.
RLDA is a statutory authority established by the ministry of railways for generating non-fare revenue from railway land.
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.
A look at the top tweets from your favourite Bollywood celebrities.
Here's your weekly digest of the craziest stories from around the world.
Obscenity, cheating and sexual exploitation are India's leading cyber crimes, reports Chaitanya Mallapur.
One of Fearless Nadia's most famous scenes had her fighting the bad guys on top of a speeding train! She was often showed working out in a gym, which apparently contributed to a fitness craze at the time as well. Getting to know Fearless Nadia.
1929-2018: The life and legacy of Ursula K Le Guin in her own words.
Ajit Balakrishnan envisions a flag to capture the spirit of the impending conflicts of the Information Age.
Do you know what kind of currency notes are illegal?
Electronic transactions are rising fast, so are cases of payment failure and delayed settlement. One needs to be proactive.
Raja Sen takes stock of Best Director nominees at Oscars 2015.
The Reserve Bank of India has told banks not to levy penal charges for non-maintenance of minimum balances in any inoperative account.
Apart from streamlining loan processing, most public sector banks charge lower interest rate, an aspect which seems to be game changer.
The theory that all banned notes will come back into the system may not be true. Anup Roy finds out.
Sreehari Nair presents his Top 20 movies of the decade.
The S&P BSE Sensex has rallied about 28 per cent in 2014, after formation of a stable government at the Centre.
The humble Rs 100 bill had several takers on an otherwise normal weekday evening across the country on Tuesday night, even as police had to be deployed outside ATMs to control the crowd waiting eagerly to get their hands on the banknote.
After the recent attack on debit cards exposed the gaps in their security systems, banks are getting serious about data privacy.
Kolkata's creme de la creme turned up at the launch of Bandhan, The Making of a Bank, but the evening nevertheless had an informal touch typical of the young bank with CMD Chandra Shekhar Ghosh personally welcoming the dignitaries, reports Indrani Roy/Rediff.com.
Despite the rating agency CARE withdrawing the ratings assigned to the bank facilities of FIPL "with immediate effect" following the receipt of a no-objection certificate (NOC) from the banks, Modi's company received uninterrupted letters of undertaking (LoUs) from PNB, which were honoured by other banks until a few weeks ago.
Even as State Bank of India, the country's largest lender, has decided to charge its customers for more than five transactions through automated teller machines (ATMs), private sectors banks continue to be on a wait-and-watch mode.
Bankers and executives involved in ATM operations said challenges abounded in this segment.
Cash withdrawal limits likely to continue
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.
Naresh Chandra was most certainly among the greatest patriots two generations of Indian strategists have seen.
'Earlier India as part of the Third World fought for the rights of the Palestinians. But oddly the defeat of the Congress and the decline of the Nehruvian imagination has altered such perceptions. The new middle class expresses an open sympathy for Israel, contending that Jews like many Hindus has been misunderstood,' says Shiv Visvanathan.
Amazing stories about some of our best loved movies from Bhavani Iyer who wrote them.
The number of cyber crimes in India could touch 3,00,000 in 2015
"I am a corporate story teller. I write stories that people can relate to," says Partha Basu, author of Mid-Career Crisis...why some sail through and others don't, in which he charts out a plan to tackle mid-career crisis and offers insights into how you can achieve success in your career.
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 technology advancing rapidly, the need for branches is declining.'
