Mar 29, 2017 at 10:46 | Source: Moneycontrol.com
A senior executive of SBI said, "The employees opting for VRS is on expected lines. We have estimated about half or 50 percent of the employees taking that option. You can say about 6,000 employees may opt to take it up."
Mar 08, 2017 at 09:20 | Source: PTI
Attacking Prime Minister Narendra Modi for his cashless push to the economy post-demonetisation, AICC chief spokesperson Randeep Surjewala said the true mask of Digital India is coming off as government is not intervening to stop banks from imposing heavy charges on use of ATMs and debit and credit cards.
Mar 07, 2017 at 19:15 | Source: Moneycontrol.com
The future of payments will be like a sci-fi movie where NFC and facial recognition will enable payments. Currency notes will become a thing of the past, branches will become lesser even as robot advisors, virtual assistants and chatbots will be your new banker, wealth advisor and cashier.
Mar 04, 2017 at 18:19 | Source: Moneycontrol.com
Given the costs involved in catering to customers at a branch and the fact that customers moving back to cash transactions after remonetisation, bankers want to disincentivise cash services and push consumers into using digital banking.
Mar 03, 2017 at 11:16 | Source: Moneycontrol.com
Finance industry experts believe the brunt of the negative impact of the move would be faced by self-employed and small businesses, while the salaried class might not face much inconvenience.
Mar 02, 2017 at 17:26 | Source: PTI
Bhattacharya and India's High Commissioner to Singapore, Jawed Ashraf, today launched a "Remittance through ATM" service at the SBI's 25 ATMs in Singapore, increasing its range of services for Non-Resident Indians (NRIs) on 24-hour, seven-day basis.
Mar 02, 2017 at 15:34 | Source: Moneycontrol.com
The country's top three private banks - HDFC Bank, ICICI Bank and Axis Bank - have started charging customers a minimum of Rs 150 for every cash transaction over and above a limit of free deposits and withdrawals per month.
Mar 01, 2017 at 15:05 | Source: Moneycontrol.com
The Reserve Bank of India (RBI) has ignored requests to create guidelines on cash handling by third party providers at ATMs and bank branches, according to industry sources. This puts cash worth Rs 15,000 crore at risk on a daily basis.
Feb 28, 2017 at 21:27 | Source: PTI
Banking operations were hit on Tuesday by the day-long, nation-wide strike called by employees of public sector banks, with ATMs running dry at various places across the country. The All India Bank Employees Association (AIBEA) claimed success, saying all the branches kept their shutters down.
Feb 28, 2017 at 20:46 | Source: PTI
Fake notes being dispensed by ATMsis "very unlikely" and the police is investigating reports ofsuch instances, Economic Affairs Secretary Shaktikanta Dassaid today.