Payment banks may not be viable option to attain financial inclusion.
While some of the banks mentioned in the report said they have not come across any such fake apps, others have started an inquiry and also informed the CERT-In -- the national nodal agency for responding to computer security incident.
Instead of being a facilitator, each political formation has only tried to be an ATM for freebies, feels Veena Sandhu
Branch additions for most major banks in the current financial year do not correspond to the number of the past two years.
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.
In one of the biggest ever bank heists, a global cyber crime ring stole $45 million by hacking into credit card processing firms.
Plastic counterfeiting and frauds have increased at an alarming rate. So how do you protect yours from being misused?
The proposed lockdown, sans present relaxations, will be implemented from June 19 to 30 and on two Sundays (June 21 and 28) there shall be a full scale shutdown without any relaxations.
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.
Graduates from any discipline can aspire for a lucrative job at India's fourth largest bank. Here's everything you need to know about the Federal Bank.
The cash was reported missing while being ferried to various ATMs in Delhi.
People depositing money with banks in legal tender are allowed to withdraw the equivalent amount without any restriction.
In an online chat with readers on April 27, Sameer Ratolikar, Chief Information Security Officer, HDFC Bank, answered readers' queries on how to secure their online banking transaction.
Understanding these seemingly difficult terms will help you navigate the complex world of personal banking with ease.
Since payment alternatives such as UPI, e-wallets and USSD - based mobile banking through different platforms are directly or indirectly linked to the user's bank account one needs to be extra careful to keep hackers at bay, explains Adhil Shetty, CEO, BankBazaar.
Engineering requires creative imagination to discover useful applications, critical thinking for flawless implementation, capped with finesse. But do our BTechs fit the bill?
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.
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.
The cap of Rs 10,000 on daily withdrawal has also been removed.
The Delhi police has issued a lookout notice for Hari Kishan Sharma, mastermind of the Rs 5.25 crore ATM van heist at Defence Colony, as it suspects that he planned to flee to London via Nepal.
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.
As ATMs hold huge amounts in cash and criminals use them to get to customers' cards and PIN data, electronic security is crucial
Currently the currency in stock is about Rs 2 lakh crore and the reserves are adequate to meet any unusual spurt in demand
A section of the public sector banking employees will go on two-day all-India strike from Wednesday to protest against financial sector reforms and outsourcing of jobs.
The 3,357-kg satellite, which was deployed from the lower passenger position of Ariane-5 launch vehicle (VA 251) into the geostationary transfer orbit, is configured on ISRO's enhanced I-3K Bus structure to provide communication services from Geostationary orbit in C and Ku bands.
A task force led by Nandan Nilekani on Thursday suggested that 10 lakh business correspondents be appointed to ensure that social sector schemes' benefit reach the intended beneficiaries in about six lakh villages.
Besides the convenience that plastic money accords, it also helps the user to keep an easy track of their expenses.
Other private banks also planning to employ bots soon
In a daring daylight robbery, armed men on Friday decamped with the cash van of a private bank from a posh south Delhi locality, after waylaying the vehicle and shooting its guard. Four men in a car waylaid the cash van of an agency, filling ATMs of ICICI bank, in the posh Defence Colony area. They then opened fire at the guard and fled with the vehicle, which is believed to be carrying nearly Rs five crore.
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