Brokers also want tax rebates, removal of additional tax on dividends, streamlining of GST...
DoP has 25,000 departmental post offices and 1,30,000 rural post offices across the country.
Vodafone Idea, the promoter of Aditya Bira Idea Payments Bank, said in a notification to the exchanges late on Friday that the board of the bank approved winding up the business, subject to approval from the Reserve Bank of India.
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Large state-run entities and business houses will not be allowed to set up small finance banks, which will have to comply with statutory reserve requirements.
Banking operations across the country were affected on Friday as over six lakh employees went on a day-long token strike to protest Reserve Bank's decision to outsource banking activities to external agencies.
Of the total 381 summer placement offers at the Indian Institute of Management Ahmedabad, 24.4 per cent roles were offered by financial and banking services.
RBI said its policy focus had been to encourage banks to leverage on this channel.
Claims to regain business lost to private courier operators.
Here's what your favourite celebrities have been up to.
Mobile banking services is part of the bank's overall strategy to use convergent communication platform to engage with customers, senior executive vice-president for Direct Banking Channels and Premier Banking Birendra Sahu said in Indore.
Discussions are on in government about how to make the process simpler for the poor and more cost-effective for telecom operators, says Subhomoy Bhattacharjee.
TO ensure fair practices in banking services, the RBI has asked banks to levy cheque return charges only if the customers are at fault.
BHIM is a platform designed to make payment through UPI and USSD modes simpler.
Syed Firdaus Ashraf/Rediff.com lists 11 Modi flagship schemes that may have been gamechangers in the Lok Sabha election.
While a maximum of 21 people died in Puri, four deaths each were reported from Mayurbhanj and Jajpur, and three each in Cuttack and Kendrapara.
Prime Minister Narendra Modi on Friday lashed out at previous governments, saying they seemed to hate development and "looted" public money to win elections.
A total of 41 companies had applied for the permit
According to a nation-wide survey on financial behaviour, India has the highest account dormancy rate even more than countries like Kenya, Tanzania, Uganda, Nigeria, India, Pakistan and Bangladesh.
The financial services industry, especially banking, is in the midst of massive upgrade of existing IT set ups to cope with future regulatory and customer-driven online and mobile services, said Vijay Sharma, vice president & head domain & industry advisory services for banking, financial services and insurance.
With Pockets, ICICI Bank aims to target first-time customers.
Violence broke out in an industrial area in South Delhi on Thursday and factories attacked in capital's suburb Noida for the second day in the nationwide strike called by trade unions which badly hit banking services amid a mixed response in states.
US-based Citigroup attracted the attention of hundreds of people within minutes of it posting messages on social networking platforms, Twitter and Facebook, last night about banking services on Facebook.
As the deadline for direct cash transfer for subsidies in 43 districts nears, the government has started the mapping of gram panchayats to provide banking services in remote parts of the country.
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.
In absence of drinking water and electricity during the mid-May summer, life in the coastal districts remained derailed even four days after the calamity.
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.
Vijaya Bank assured employees that the service conditions 'will remain unaffected and staff benefits retained'
The idea is to save customers the inconvenience of opening and closing bank accounts or keeping multiple accounts if they have to shift to a new location or find their bank's services unsatisfactory.
The Jan-Dhan accounts are zero balance accounts, comes with a life cover of Rs 30,000 per person, and an accidental cover of Rs 100,000. An active user of the account can also get overdraft facility of Rs 5,000 from banks.
The strike call is over privatisation, mergers, and also due to write-off of corporate NPAs, criminalisation of willful default
The 557th meeting of the Central Board was chaired by RBI Governor Raghuram Rajan, and attended by the four deputy governors among others
Digitisation is changing the banking business. This shift has resulted in a change in banking job profiles.
IL&FS, which has a mandate to sponsor, develop and commercialise infrastructure projects and provide value-added financial services, will seek to provide a wide range of investment banking services to cater to the needs of Indian and international customers in Middle East and African markets.
Seeking to insulate small and marginal farmers from exploitation by moneylenders, United Progressive Alliance chairperson Sonia Gandhi has asked banks to provide credit to farming community at lower rates of interest.
Foreign banks had 317 branches in 2015-16; it has reduced to 286. In the same period, employee strength came down from 26,642 to 24,766.
In a set of FAQs on applicability of Goods and Services Tax on banking, insurance and stock brokers sectors, the revenue department has clarified that transactions relating to securitisation, derivatives, future and forward contracts are exempt.
ATMs are on their way to becoming a one-stop shop for most banking services. Here's what your ATM can do for you.
Luxury car major Mercedes-Benz India will extend its financial arm, Daimler Financial Services to India. A few approvals were needed from the authorities before it could begin operations, said Wilfried Aulbur, managing director and CEO, Mercedes-Benz India, in Pune today.
Fraud in Citibank's Gurgaon branch broke out in December involving nearly Rs. 400 crore being siphoned out from 20 accounts of high net-worth individuals.
The bank is targeting a total network of 3,000 branches and business of Rs. 4 lakh crore in the next three years.
