It has come to light that LPG subsidy monies of millions of customers have been crdited to Airtel Payments Bank accounts without their permission
FRDI Bill unlikely to be tabled during budget session as joint committee looking into it seeks extension
FRDI Bill proposes to create a framework for overseeing such financial institutions as banks, insurance companies, NBFC and stock exchanges in case of insolvency
Soon 'payee' in a cheque bounce case will get incentive as govt plans to amend law, fast track trials
Narendra Modi govt plans to amend Negotiable Instrument Act, 1881 to strictly deal with cheque bounce cases
Supreme Court has said that new bank accounts can be opened without Aadhaar but applicants need to submit proof that he has applied for the 12-digit identification number
FRDI Bill: Deposit holders have always faced a certain level of risk, but that is how banking system works
Only logical way to assess issue of deposits is to see if depositors are going to be worse off with FRDI Bill in picture.
Supreme Court extends deadline for linking Aadhaar with various services and schemes till 31 March, 2018
The Supreme Court on Friday extended till 31 March next year the deadline for mandatory linking of Aadhaar with various services and welfare schemes.
If bureaucracy is unleashed on bank accounts abroad, it brings normal business to a halt.
Remove 'bail-in' clause in FRDI Bill as deposits only way of saving money for elderly, pensioners: Assocham
Assocham Secretary General D S Rawat says bail-in concept especially for depositors should be completely done away with
The deadline for existing bank account holders to furnish the 12-digit biometric identifier was initially 31 December, 2017.
Aadhaar details have been deemed mandatory by the government for the opening of new bank accounts and the provision of telephone numbers.
Narendra Modi says with FRDI Bill, government was trying to strengthen banking system by policy initiatives on a daily basis
Under the PMLA, Aadhaar, PAN and other official documents are required to be obtained by banks and financial institutions from anyone opening a bank account as well as for any financial transaction of Rs 50,000 and above
Cashless economy: Govt hopes 1,800 crore digital payment transactions will take place in 2018 financial year
The scale and value of digital payment transactions underscored how these new forms of payment had reached the masses, govt said
Refuting social media messages, the Unique Identification Authority of India (UIDAI) said that as on date there is no stay from the Supreme Court on Aadhaar and its linking to various services.
Did Bharti Airtel violate Aadhaar Act? UIDAI probing telco over LPG subsidy landing in payments bank accounts
Bharti Airtel has come under scanner of UIDAI after customers complained their Airtel Payments Bank account was opened without any intimation
NRIs and PIOs are not required to link bank accounts and other services with Aadhaar, Unique Identification Authority of India (UIDAI) said on Friday
Black money: Attack on benamis fine, but why is Narendra Modi silent on linking political donations to Aadhaar?
The Modi government’s seriousness to fight black money will be questioned on account of its reluctance to make political funding transparent.
Supreme Court seeks Centre's response in Aadhaar case, pulls up telecom firms, banks for not clarifying deadline
The Supreme Court pulled up private companies for their messages which had asked customers to mandatorily link Aadhaar number to bank accounts, mobile numbers.
CBI says lookout notice issued against Karti Chidambaram to prevent him from closing foreign bank accounts
The CBI Friday claimed in the Supreme Court that a lookout notice was issued against Karti Chidambaram, son of former Union minister P Chidambaram, to prevent him from travelling abroad as he was closing several of his foreign bank accounts
From 1 April, SBI made it mandatory for savings bank accounts in metropolitan cities to maintain Rs 5,000 as minimum balance, Rs 3,000 in urban areas, Rs 2,000 in semi-urban areas and Rs 1,000 in rural areas, failing which a penalty is levied.