Atms

Average daily Aadhaar-enabled transactions double; Rs 16,101 cr disbursed during lockdown: FinMin

Average daily transactions through the Aadhaar-enabled payment system (AePS) has doubled to Rs 113 crore

Coronavirus Outbreak: Banking, insurance operations to continue during extended lockdown, says govt

Issuing fresh guidelines for the second phase of the lockdown, which will be in effect till 3 May, the government on Wednesday said important financial services like banking and insurance will continue to function during the period to help people meet their financial needs

Coronavirus Outbreak: Centre asks states to ensure normal functioning of banks, ATMs during lockdown

The Centre has asked all states and Union Territories to ensure normal functioning of banks and ATMs during the lockdown period as the Rs 27,500-crore financial package announced under the Prime Minister Garib Kalyan Yojana will be disbursed in coming days

Coronavirus Outbreak: SBI introduces staggered timings from 7 am to 2 pm for branches in several states

The nationwide lockdown due to coronavirus outbreak has led to a decline in banking transactions at SBI but customers are using online and digital modes as usual.

Coronavirus outbreak: RBI likely to allow banks to accept delayed loan repayments from customers

The Reserve Bank is likely to allow banks to give relaxation to customers in paying their EMIs as the forced lockdown across sectors due to coronavirus pandemic

Yes Bank users can now make over Rs 2 lakh payments towards loans, credit cards via other bank accounts

On 5 March, the RBI in consultation with the government put a moratorium on Yes Bank till 3 April, citing serious financial mismanagement at the private sector lender.

IndusInd Bank appoints Sumant Kathpalia as new MD, CEO; to take over from Ramesh Sobti next month

IndusInd Bank promoted by the Hinduja group commenced operations in 1994

Three years after demonetisation, Rs 2,000 currency note loses sheen; banks to eject them completely from ATMs in a year

Though the efforts are underway to recalibrate about 240,000 ATMs to replace Rs 2,000 notes with Rs 500 notes, the high-value notes may not be withdrawn immediately .

PSB instructs officials to restrict circulation of Rs 2,000 notes, urges customers not to panic as no curbs on accepting

After issuing the directive to restrict the circulation of Rs 2,000 notes, senior officials of the PSB reportedly called branch managers to confirm that it was being executed immediately.

Digital economy: Love of cash hinders govt's objectives; currency in circulation rises 17% to Rs 21 lakh cr post-demonetisation

The demonetisation got rid of old 500 and 1,000 rupee banknotes and Modi said that would boost the country’s digital economy, unearth unaccounted wealth and reduce the use of cash.