You can avoid visiting banks, as several innovative technologies help you do banking transactions easily using your cellphone now
This is the second instance of mainstream banks blocking services to new-age digital payments companies.
Mobile banking will soon reach Indian villagers as state govts tie up with banks, telecom companies to provide this facility to them.
Indbank Merchant Banking Services (Indbank), a subsidiary of public sector Indian Bank, opened its first 'trading cafe' for stock trading in Chennai. It plans to open another 20 such cafes and 18 new branches during 2008-09 across the country.
SIBs are perceived as ones that are 'Too Big To Fail'
Banks shall not charge fees for transactions settled on IMPS and UPI in excess of rates charged for NEFT for transactions above Rs 1,000, the order said.
According to Association officials, Indian Banks' Association offered only a 11.5 per cent increase in hike compared to 17.5 per cent offered in 2011-12.
Tata remains India's powerful brand with its value ring over $15 billion for the first time.
With Narendra Modi about to make his first Independence Day speech, there is a buzz in Delhi that Modi will make some big announcements to signal major reforms and directional shifts. But we have to wait and see if it happens, says Mohan Guruswamy.
He wants Jaitley to give investors more clarity on policies
Barclays Bank on Thursday launched its retail and commercial banking service in India. So far, the bank operated in the country through Barclays Capital, its investment division.
According to Trend Micro's January-March, 2014 Threat Round Up, as law enforcement agencies are slowly being ramped up, cyber criminals are adding more layers to ensure anonymity to conceal their identities to avoid arrest.
After a four-year tenure with IDBI Bank, its chairman M S Verma retired on Tuesday.
The strike could have put customers to inconvenience, since banking services would have remained disrupted almost the entire next week, and for the government, as tax payments for 2006-07 have to be made by March 31.
The department of post is planning to offer banking services by starting a full-fledged bank, to be named Post Bank of India.
Kotak Mahindra Bank on Monday announced the launch of its mobile banking service that would enable customers to conduct banking operations through mobile phones.
Three years after launching its operations in Bahrain, ICICI bank has been granted a full commercial branch license and plans to expand
Now, telcos will be penalised for call drops.
Finance Minister P Chidambaram on Wednesday asked banks to advance more credit to farmers, entrepreneurs and the government for supporting economic growth.
SBI leads a 17-member consortium of lenders that is trying to recover dues running into over Rs 7,500 crore (Rs 75 billion) in principal alone from Kingfisher Airlines.
Gross domestic savings as a proportion to GDP fell from a high of 36.8 per cent in FY08 to 30.8 per cent in FY13, according to the Reserve Bank.
Sources at the bank told Business Standard that talks were on with 2-3 vendors and the final decision is expected in the next 2-3 weeks.
The last few months have been hard on digital wallets which had a short-lived dream run post-demonetisation.
Union Bank of India will bring banking services to the doorsteps of over 2.5 lakh hawkers in Mumbai by partnering with their association and FINO Fintec, a micro finance institution.
State Bank of India plans to open its office in Dubai International Finance Centre in a few weeks, a move which will boost India's largest bank's presence in the Gulf region.
There were opportunities in having these people to open bank accounts and use phone banking, said Pitroda.
The bank has 1.8 lakh customers with no-frills accounts, which provide basic banking services without the need to maintain a large minimum balance.
The two-day nationwide strike called by central trade unions to protest the Centre's alleged anti-worker policies evoked mixed response all over country on Tuesday.
So how is it going to affect the common citizen?
Some believe the shift to mobile-based transactions will be seamless considering that the urban tele-density is 148%. In rural areas, it is touching 51%. But smartphone penetration in India is a mere 12%. Growth of mobile money has been extremely slow: It is currently 1%.
Sachin Tendulkar is now set to adopt Donja village in Osmanabad, where he will oversee the development of a new school building, a water supply scheme that would provide potable water to each household, concrete roads and a sewage line attached to the same.
The bank's response came to a clarification sought by stock exchange on recent reports on debit cards blocking in the wake of suspected data breach
Customers can electronically transfer money instantly to more than 1,000 branches of banks across India.
Expressing happiness over the growth of the banking sector in the last 10 years, Finance Minister P Chidambaram today described it as a great achievement of the United Progressive Alliance rule.
The private IndusInd Bank plans to enter into strategic tie-ups with foreign banks in the US, UK and South East Asia for its expansion plans.
Preservation of wealth has become the mantra as private bankers are broadening their relationships with exporter communities and family-owned firms.
10 central trade unions have called a nationwide shutdown against 'anti-worker policies' of the central government. Apart from being successful in Bengal, Kerala and NE states, the bandh has also got support from Cong leader Rahul Gandhi and Shiv Sena in Maharashtra.
'Today, we are at a striking distance of the goals set by the Tarapore Committee,' he said.
