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.'
The study says the entire supply chain of goods and services will suffer a massive liquidity shock.
Priyadarshini Maji evaluates the impact that payment banks are likely to have on your financial life.
Accusing the Congress of putting its interests above the country's, Prime Minister Narendra Modi on Friday tore into the Oppposition, saying unlike earlier when opposition parties stalled Parliament against scams, Congress- led parties are now doing so against government's steps to curb black money and corruption.
The bank lost out on fairly meaningful quantum of fees from point of sale terminals and ATM usage during the demonetisation exercise.
IBA has commissioned a study to evaluate the pros and cons of keeping banks shut on Saturdays.
While Visa and Mastercard slug it out for leadership, analysts say RuPay has the potential to cause disruption and eat into their market share.
Opposition parties are holding nation-wide protests against the currency ban on Monday as part of the Jan Aakrosh Diwas to agitate against demonetisation.
It is up to the bank management to decide which application gets to interact with the CBS
Often, individuals are offered credit cards with great schemes directly by the bank.
India Inc is shying away from investing in digital technologies.
Junking of old Rs 500 and Rs 1000 notes, he said, will help the world's fastest growing major economy to move towards less cash economy and digital payments that will help shore up tax revenues and check evasions.
It's not easy to ignore the newspaper ads with Diwali offers.
'The current crisis is a result of a clash between a coercive attempt by the government to justify demonetisation and rising digital transactions against the market and the economy fighting the unexpected pressure from atop.'
Rediff readers share their Cash Crisis experiences.
Some banks might charge you a nominal amount of Rs 100-150 for issuing the card.
Because from June 1, 2015, you will have to fork out 14 per cent service tax instead of 12.36 per cent
Available evidence suggests that we are on the way to a very costly failure of the current demonetisation scheme, says M R Narayana.
'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.'
I-T lens on current account deposits over Rs 12.5 lakh. All the news and more post demonetisation.
Use of the incorrect form will result in your return being treated as defective, points out Suresh Surana, founder, RSM India.
There is a huge gap in service charges on other factors such as penalty on cheque return.
Online retail is increasing market share rapidly.
'I don't think I can go back home before the lockdown is lifted because Nitishji has said he will not allow students from Kota to return.'
While some are relatively new in this business, Vodafone, which has 1.8 million touch points in the country, has been offering basic banking and payment services through its pre-paid mobile digital semi-closed wallet called M-Pesa since 2012.
'You may show at the end of December how much money has come into the system, but none would be the wiser because most of see only what we want to see and believe.' 'Some of us will see through it and you will make your proxies call us enemies of the State.' 'I was somewhat with you till here. But we diverge from here on until you can do something which will veer through my cynicism brought about by your policy,' says Harsh N Gokhale.
'The mindset of people needs to change.' 'We still believe in accepting cash when we can do business with digital money as well.'
The government has opted for the RuPay debit card over the Aadhaar-based platform for "last-mile" authentication in its Pradhan Mantri Jan Dhan Yojana.
Hours after the government banned Rs 500 and Rs 1,000 notes, Indians are facing an acute shortage of change.
The fund industry may have embraced machines and robots, but managing money still needs the human touch
PM urges lawyers to fight cases for the poor for free.
Fraudulent emails exhorting people to deposit cash for reward are on the rise.
In the second of a six-part series, Sanjay Jog of Business Standard walks across the streets of Indore to find out how it has been hit by demonetisation.
'Fear is also a great impetus to push people in the right direction.' 'So, everyone who has touched black money is scared and I'm very happy about it.'
'The effect of demonetisation has been largely to drive black money above ground. But there are several interesting side-effects. One is the uncomfortable realisation that this can happen again, which is a deterrent to future sinners,' says Rajeev Srinivasan.
'The common man in India who doesn't have anything to hide will have to put up with this short period of discomfort.' 'It will not last more than 10 days at the most.'
'Nobody expected the slowdown to go for these many days. Unfortunately, it is an unbelievably bad slow down.'
Banks are pushing into credit cards and personal loans, using blanket advertising, cold call campaigns and even sending employees to malls to lure customers.
If you are travelling internationally in the next two months, it's a good time to exchange your currency.
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.
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