With about 2,000 qualified engineers to service ATMs across the country, it is an uphill task to modify 220,000 machines.
Across Yes Bank branches, the busiest people were the relationship managers, trying to soothe nerves. Many were seen advising clients the situation was only temporary and that their money was safe.
Banking services across the country were hit on Wednesday by the day-long strike by 10 central trade unions and 14 bank unions, but workers of largest lender SBI and a few other banks stayed off the agitation.
So what if your bank has imposed/will impose a transaction fee of Rs 20 for using ATMs after your fifth visit in a month? You can still remain within your free transaction limits and avoid being charged at all. Wondering how it is to be done? Read on.
With debit cards of 5 banks compromised, time to be very cautious while transacting. If possible, avoid non-bank ATMs.
Going to the bank and using your passbook to find out your bank balance while still available and widely used, technological innovations have brought your bank at your fingertips.
'Worse disasters -- both natural and man-made -- have come and gone in our country. We are here because our ancestors and we survived.'
Seeking cooperation from the public to fight the pandemic, the Union health ministry officials said there was no need to panic. They also said not everyone needs to wear masks and that following social distancing is more important to prevent the spread of COVID-19.
The total number of positive cases has increased by 106 in the last 24 hours to reach 1,024.
In the next few days, use credit/debit cards wherever possible or download your bank's mobile banking app or a mobile wallet.
The people of India have 50 days, from November 10 to December 30, to deposit notes of Rs 500 and Rs 1,000 in any Bank or Post Office.
Surat-based company in talks with banks, insurance cos, manufacturing cos etc for their iris scanner machine.
'The biggest challenge Swaraj and Sitharaman will face is how far they can take their counterparts Pompeo and Mattis seriously.' 'One just doesn't know how long they will even keep their jobs.' 'They are basically salesmen peddling American wares.' 'Actually, there is nothing like 'American policies' in the Trump era,' says Ambassador M K Bhadrakumar.
About 70 per cent of ATMs in India are running on outdated operating systems, which makes it easier for fraudsters to crack them
Whether it's about colonising Mars or donning Net-connected apparel, 2022 is a year everyone seems to be planning for, says Nivedita Mookerji.
At ATMs, as a step to avoid getting Rs 2,000 notes, people are withdrawing Rs 1,900 in Rs 100 notes and then putting another request for the balance Rs 600, so that they remain within the limit of Rs 2,500 per day of withdrawal.
The Grand Old Lady of Yoga V Nanammal was the oldest recipient of the Padma Shri on Republic Day this year. Archana Masih met the nearly 100 year old yoga guru who does not wear glasses, has never been to a doctor and can do age defying twists, hauls and bends.
We may turn our noses up at those who do it but that doesn't mean we haven't done one (or all) of these things at an ATM.
In refusing to accept its failure, the government has sowed the seeds of further damage: by keeping India short of cash; reducing the headroom for responses to seasonal spikes in cash demand; and increasing the chances that groups will panic at temporary cash shortages, says Mihir Sharma.
English can be a very tricky language. Here's a list of very common mistakes we make. Scroll and learn! :-)
'Today may be the last day for depositing old notes, but tomorrow all the worries of the banks will not go away.' 'As long as there is cash shortage, banks will not be able to function normally.' 'Nobody knows when the shortage will be over.'
The number of cyber crimes in India could touch 3,00,000 in 2015
A year ago, Greece's bankers thought they were on the cusp of a new era.
As people wait in long queues outside banks, they appear happy that the ban on Rs 500 and Rs 1,000 notes will unearth black money and root out corruption.
With cyber criminals becoming savvier by the day, learning how to safeguard yourself is imperative.
Non-Performing Assets are a wake-up call for public sector banks.
'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.'
The second fortnight of September saw Rs 3 lakh crore of time deposits, something unique, followed by liquidation of Rs 1.2 lakh crpre of these right after.
In leading companies in Information Age industries, the word "manager" is taking on a pejorative meaning -- something like "zamindar" -- a man who lived off other people's work and did no work himself, says Ajit Balakrishnan.
The expansion in equity market volumes is driven by retail speculators indulging in heavy trading of complex derivatives that are economically unproductive, say Praveen Chakravarthy and T V Somanathan.
Hence, the claims by the Government that this will end the menace of black money and corruption are simply outlandish. Also, the simultaneous introduction of Rs 2,000 note undermines their claim and it simply does not fit the storyline of an attack on black money and corruption.
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.
What is Change really like in Bihar? Once seen as India's basket-case, what is its turnaround story like?
What is Change really like in Bihar? Once seen as India's basket-case, what is its turnaround story like? Archana Masih reports from India's other most talked about state.
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