Tata Communications wins contract for deploying and managing nearly 14,000 ATMs for public sector banks across three regions of India.
Despite the demanding operational environment, the Indian banking sector demonstrated continued revival from the peripheral spill over effects of the recent global financial turmoil.
Comviva, a global leader in providing mobile solutions, today said it has entered into a partnership with MasterCard to launch what it called first-of-its-kind open loop Mobile Money Partnership Program.
On behalf of all public sector banks SBI has floated a joint tender for installing ATMs. The bids received will be utilised by all PSU banks. Bankers say this process will eventually reduce ATM charges for the customer, reports CNBC-TV18's Gopika Gopakumar.
SP Tulsian of sptulsian.com picks out his multibagger stock ideas to be bought at current levels today. He chooses Karnataka Bank and MOIL.
Migration from legacy technologies to IP/Ethernet shore up market revenues
ATMs are becoming more powerful than before and banks are consciously driving its usages with the concept of branchless banking.
The finance ministry has sent advisory to banks asking them to stop ATM expansions, reports CNBC-TV18.
State Bank of India (SBI) today opened an exclusive outlet for instant gold loans here
Public sector Indian Overseas Bank today said it will be raising around Rs 3,500 crore in core tier-I capital over the next three years to fund expansion.
J&K Bank has set a target of Rs 85,000 crore business during the current financial year, with special efforts to improve its growth and rural penetration by working on a multi-pronged strategy.