Mar 21, 2017 07:51 PM IST
According to him, while one of the notes was completely blank from one side, serial numbers on two other bills were not printed clearly. Besides, the currency value written in Hindi was not printed clearly on three other notes.
Mar 14, 2017 04:15 PM IST
Latest RBI data suggest that measures implemented to push digital transactions haven’t been able wane citizens off the “touch and feel” of cash.
Mar 09, 2017 01:47 PM IST
The minimum balance limit news clashed with that of private sector banks charging for withdrawals above four free transactions, thus triggering a debate in social media. ICICI Bank, HDFC Bank and Axis Bank are charging a minimum of Rs 150 per transaction on deposits or withdrawal beyond the first four transactions.
Mar 08, 2017 09:20 AM IST
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 07:15 PM IST
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 01, 2017 03:05 PM IST
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 27, 2017 02:00 PM IST
Apart from this, some notes were printed with 'Ek Kadam Swachhta ki Aur' and 'Bharatiya Manoranjan Bank'.
Feb 24, 2017 10:41 AM IST
ATMs are not designed to check the genuineness of currency notes at the time of dispensing. However, if a bank customer attempts to deposit fake currency, the machine will not accept.
Feb 24, 2017 09:52 AM IST
A 27-year-old man was arrested
today in connection with a case in southeast Delhi's Sangam
Vihar area where a SBI ATM had allegedly dispensed four notes
of Rs 2,000 with "Children Bank Of India" written on them.
Feb 23, 2017 03:33 PM IST
Ahead of merger, State Bank of India (SBI) has called upon retired officers to become concurrent auditors with the bank to oversee compliance and risks under loans and operational activities.
Feb 23, 2017 09:12 AM IST
An audit report of security breach at Hitachi, an ATM provider, spills bad news for banks. It says the devices that are installed to protect systems from malware and viruses are no match to the targeted cyber security attacks.
Feb 22, 2017 02:12 PM IST
In a series of tweets, Economic Affairs Secretary Shaktikanta Das said the focus is on increasing production and supply of Rs 500 and lower denomination currencies, while complaints of cash shortage are being looked into.
Feb 22, 2017 11:58 AM IST
Last week, Finance Minister Arun Jaitley said the remonetisation situation with regard to replenishing the scrapped currency is "almost normal" now and the Reserve Bank is monitoring the supply on a daily basis.
Feb 20, 2017 01:30 PM IST
Earlier, the RBI had decided to remove the limits on cash withdrawals in two phases, keeping with the pace of remonetisation.
Feb 20, 2017 08:32 AM IST
Total imports of the precious metal in the corresponding period of 2015-16 stood at USD 29.31 billion.
Feb 08, 2017 03:34 PM IST
"While banks have taken steps to strengthen their defences, the diverse and ingenious nature of recent cyber-attacks necessitates an ongoing review of the cyber security landscape and emerging threats. Towards this end, an inter-disciplinary Standing Committee on cyber security is being constituted," RBI said in a statement.
Feb 07, 2017 04:00 PM IST
"RBI is deciding on this....this is work in progress. I am sure as volumes (of digital transactions) are increasing, the charges will come down," the Finance Minister told members of the Rajya Sabha during the Question Hour.
Feb 03, 2017 06:24 PM IST
Government today informed the Lok Sabha that banks are taking steps to upgrade software of ATMs and make them less vulnerable.
Feb 03, 2017 02:16 PM IST
"All restrictions have been removed except on savings bank account of Rs 24,000 per week. This (removal of withdrawal limit) is also a matter of time," he told PTI in an interview.
Jan 28, 2017 04:10 PM IST
The NCC experience offers a glimpse of India, its strength and its diversity, he said addressing the NCC rally here.
Jan 28, 2017 03:32 PM IST
Addressing a rally of the National Cadet Corps (NCC), Modi also said the cadets can play a catalytic role in helping the citizens inculcate the habit of cleanliness.
Jan 25, 2017 07:40 AM IST
According to sources, the government may cut or eliminate excise duty on manufacturing of micro ATMs, finger print readers, biometric cards and PIN cards.
Jan 21, 2017 01:57 PM IST
General insurance companies are now offering cover for cash lost in transit from the ATM to home, chain snatching while on the road and also alternate accommodation for hotel stay in case of damage to home.
Jan 17, 2017 05:10 PM IST
Mid-sized private sector lender
Yes Bank today claimed to have launched the industry's first
customisable savings account which will protect customers from
"unwanted charges" levied in current offerings.
Jan 17, 2017 01:46 PM IST
ATMs are now dispensing Rs 7,000 odd crores per day and Rs 10-12 lakh per machine. The cash supply may be returning to near normal levels, reports CNBC-TV18.