Bank Branches

Bank Branches News

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

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.

Over 3,400 branches of 26 public sector banks closed or merged in last 5 years: RTI
Business

Over 3,400 branches of 26 public sector banks closed or merged in last 5 years: RTI

Over 3,400 branches of 26 public sector banks (PSBs) have been either closed or merged during the last five financial years due to merger under the consolidation exercise in the banking space, revealed an RTI query

Bank branches dealing with govt business to remain open on Sunday to facilitate payment transactions: RBI
Business

Bank branches dealing with govt business to remain open on Sunday to facilitate payment transactions: RBI

Government has advised that all Pay and Account Offices will remain open on 31 March, 2019 (Sunday) to facilitate government receipt and payment transactions

State-owned banks on two-day nationwide strike from 30 May, confirms union; ATMs, salary could be hit, but no reason for panic
Business

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

RBI printing Rs 200 notes, says report; Twitterati expects Rs 100 notes to be demonetised
Business

RBI printing Rs 200 notes, says report; Twitterati expects Rs 100 notes to be demonetised

The decision to introduce Rs 200 notes was taken by the central bank in March this year to overcome the paucity of lower denominations

Kashmir: Cash transactions stopped in 40 bank branches in Pulwama, Shopian
India

Kashmir: Cash transactions stopped in 40 bank branches in Pulwama, Shopian

In the wake of militants targeting banks in south Kashmir, cash transactions at nearly 40 branches in sensitive areas of Pulwama and Shopian districts in south Kashmir have been stopped.

ICICI, Axis, HDFC Bank limiting cash transactions at branches is really no big deal; here's why
Business

ICICI, Axis, HDFC Bank limiting cash transactions at branches is really no big deal; here's why

Most of us have moved online already and those who haven’t will eventually do. Just like the way you had to gulp down that bitter cough syrup, whether you liked it or not

HDFC's Deepak Parekh says economy has derailed in short term due to demonetisation
Business

HDFC's Deepak Parekh says economy has derailed in short term due to demonetisation

With the economy showing signs of slowdown, it is in this regard HDFC's Parekh indicated that business confidence has been hit by demonetisation and factories are not working at full capacity

Demonetisation: What's with the fuss, let the Modi govt crackdown on black money
Economy

Demonetisation: What's with the fuss, let the Modi govt crackdown on black money

There are logistical problems that have come up during the implementation of this massive financial transformation, but isn't the government working on a war footing to get everything back to normal?

Demonetisation: Banks to use indelible ink to stop multiple transactions, curb crowd
Politics

Demonetisation: Banks to use indelible ink to stop multiple transactions, curb crowd

Same people returning in queues gives rise to suspicion that unscrupulous elements are using the poor to whiten their black money

Winter Session: Demonetisation will dominate, but does Modi have a counter-chaos plan?
Politics

Winter Session: Demonetisation will dominate, but does Modi have a counter-chaos plan?

PM Modi will have to use his charisma, which he is known for, to get the business going

Demonetisation: As ATM queues get 2 km long, 'kuch karo hamara,' say angry customers
India

Demonetisation: As ATM queues get 2 km long, 'kuch karo hamara,' say angry customers

A complete mess: That's what customers are saying about the continuing chaos at the bank branches and ATMs

Now, banks don't need RBI permission to open branches
Economy

Now, banks don't need RBI permission to open branches

Within days of new RBI Governor Raghuram Rajan making comments to this effect, the central bank today allowed lenders to open branches, including in big cities, without its permission provided they fulfil certain conditions.