Banks to remain closed for five days from tomorrow; holidays, strikes to affect operations, ATMs may take hit on 26 Dec
The UFBU, an umbrella body of the top nine bank unions, has given a strike call on 26 December while the AIBOC has appealed for a strike on Friday
As part of the merger agreement, shareholders will receive 139 shares of IDFC Bank for each 10 shares held of Warburg Pincus-backed Capital First.
Oil PSUs to allot 65,000 petrol pumps: Why govt should focus on finding alternative to expensive fossil fuel
AIPDA rightly questions the wisdom of the new pumps when the government’s avowed aim is to close all the petrol pumps by 2025 in the wake of its parallel and cognate decision to usher in alternate eco-friendly fuels completely.
Prime Minister Narendra Modi can take heart from the fact that the biggest reveler in cash, the real estate industry has been humbled
SBI halves daily ATM withdrawal to Rs 20,000: The bank has done the right thing; the move will discourage use of cash
Banks in India must dismantle ATMs and simultaneously install more and more swiping machines for their trade customers. It will be a win-win for both.
UPI 2.0 pushes forward digitisation agenda of the country, brings banking ecosystem on single platform
With the launch of UPI, India became one of the only 18 countries worldwide to have a real-time P2P payment system (across different banks) way ahead of the USA and some of the other developed countries
Airtel Payments Bank has tied up with a cloud-based payment solution provider, Empays, for the service.
Banks to remain open in September first week contrary to social media buzz that claimed it will be closed for six days
Banks will largely remain open in the first week of September and there will be no impact on the functioning of ATMs, contrary to social media buzz that claimed banks across India will be closed for six days during the week.
New rule for ATMs: No currency refilling after 9 pm in cities, 6 pm in rural areas from February 2019
The deadline for putting money in the ATMs located in Naxal-hit areas is 4 PM while private cash handling agencies must collect money from the banks in the first half of the day and transport notes only in armoured vehicles.
Kotak will continue to expand its branch network across India using a dual strategy- a hub and spoke model in locations where the bank is already present
ATM overhaul: Following RBI diktat, banks must do their bit now to protect customers' data and check fraud
The RBI, in June, 2018, directed banks and white-label ATM operators (WLAOs) to implement anti-skimming and white listing solutions by March 2019.
The introduction of new Rs 100 notes, which comes even as ATM industry is just about finishing the recalibration to dispense the newly introduced Rs 200 denomination notes, may only aggravate the pain
Aditya Puri exercised stock options worth over Rs 31.41 crore in 2017-18 against Rs 57.42 crore worth of stock options in 2016-17,
Local businesses in Chhattisgarh’s Bastar division, affected by left-wing extremism, find it difficult to do transactions via banks or internet banking.
Reserve Bank of India orders banks to upgrade ATMs by June 2019, says slow progress being viewed seriously
Taking a serious note of slow progress by banks in addressing security issues, RBI gave them strict timelines to upgrade their ATMs or else face action
Two-day bank strike may hit transactions worth Rs 20,000 crore, says Assocham; urges bank unions to call off strike
Assocham also urged the government to come up with a stimulus plan for restoring the health of public sector banks.
State-owned banks on two-day nationwide strike from 30 May, confirms union; ATMs, salary could be hit, but no reason for panic
Apex bank union AIBEA boss C H Venkatachalam warns of likely cash crunch on Wednesday, Thursday #BankStrike #ATMs #CashCrunch #2DayBankStrike
Currency supply normal across India; all ATMs functioning well, says Economic Affairs Secretary Subhash Garg
Government says ATMs across India are well stocked and there's no cash crunch. But there's no word on a reduction of excise duties on petrol and diesel.
As part of cost-cutting measures, banks are closing ATMs, resulting in the decrease of over 2000 ATMs across the country between May 2017 and February 2018