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  • Man gets six misprinted notes of Rs 500 from Bank of Baroda ATM Mar 21, 2017 07:51 PM IST

    Man gets six misprinted notes of Rs 500 from Bank of Baroda ATM

    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.

  • Is cash king or do digital payments lack the trust factor? Mar 14, 2017 04:15 PM IST

    Is cash king or do digital payments lack the trust factor?

    Latest RBI data suggest that measures implemented to push digital transactions haven’t been able wane citizens off the “touch and feel” of cash.

  • COMMENT: Here's why we should happily pay our ATM fees Mar 09, 2017 01:47 PM IST

    COMMENT: Here's why we should happily pay our ATM fees

    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.

  • Govt fleeced Rs 26,000 cr in name of Digital India: Congress Mar 08, 2017 09:20 AM IST

    Govt fleeced Rs 26,000 cr in name of Digital India: Congress

    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.

  • COMMENT: How robots, chatbots will change the way you handle your money Mar 07, 2017 07:15 PM IST

    COMMENT: How robots, chatbots will change the way you handle your money

    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.

  • Did RBI ignore requests for guidelines on cash management firms? Mar 01, 2017 03:05 PM IST

    Did RBI ignore requests for guidelines on cash management firms?

    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.

  • Fake notes: ICICI Bank says probing the matter Feb 27, 2017 02:00 PM IST

    Fake notes: ICICI Bank says probing the matter

    Apart from this, some notes were printed with 'Ek Kadam Swachhta ki Aur' and 'Bharatiya Manoranjan Bank'.

  • How your ATM could dispense Children's Bank notes too Feb 24, 2017 10:41 AM IST

    How your ATM could dispense Children's Bank notes too

    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.

  • Fake notes from SBI ATM: Cash custodian arrested Feb 24, 2017 09:52 AM IST

    Fake notes from SBI ATM: Cash custodian arrested

    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.

  • SBI set to hire retired officials as concurrent auditors Feb 23, 2017 03:33 PM IST

    SBI set to hire retired officials as concurrent auditors

    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.

  • India's cyber security still under threat, no shield for malware Feb 23, 2017 09:12 AM IST

    India's cyber security still under threat, no shield for malware

    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.

  • No plans to introduce Rs 1,000 notes; enough cash available: Das Feb 22, 2017 02:12 PM IST

    No plans to introduce Rs 1,000 notes; enough cash available: Das

    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.

  • No plans to introduce Rs 1,000 notes: Shaktikanta Das Feb 22, 2017 11:58 AM IST

    No plans to introduce Rs 1,000 notes: Shaktikanta Das

    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.

  • RBI increases weekly cash withdrawal limit to Rs 50,000 Feb 20, 2017 01:30 PM IST

    RBI increases weekly cash withdrawal limit to Rs 50,000

    Earlier, the RBI had decided to remove the limits on cash withdrawals in two phases, keeping with the pace of remonetisation.

  • Gold imports shrink 32.7% to $19.74 bn in April-January Feb 20, 2017 08:32 AM IST

    Gold imports shrink 32.7% to $19.74 bn in April-January

    Total imports of the precious metal in the corresponding period of 2015-16 stood at USD 29.31 billion.

  • RBI to set up panel on strengthening cyber security Feb 08, 2017 03:34 PM IST

    RBI to set up panel on strengthening cyber security

    "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.

  • Govt confident that debit card charges may decline Feb 07, 2017 04:00 PM IST

    Govt confident that debit card charges may decline

    "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.

  • Banks taking steps to upgrade ATM software: Govt Feb 03, 2017 06:24 PM IST

    Banks taking steps to upgrade ATM software: Govt

    Government today informed the Lok Sabha that banks are taking steps to upgrade software of ATMs and make them less vulnerable.

  • Remonetisation nearly complete, says Shaktikanta Das Feb 03, 2017 02:16 PM IST

    Remonetisation nearly complete, says Shaktikanta Das

    "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.

  • Unity is cornerstone of India's strength: Prime Minister Modi Jan 28, 2017 04:10 PM IST

    Unity is cornerstone of India's strength: Prime Minister Modi

    The NCC experience offers a glimpse of India, its strength and its diversity, he said addressing the NCC rally here.

  • Modi says movement towards digital transactions will continue Jan 28, 2017 03:32 PM IST

    Modi says movement towards digital transactions will continue

    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.

  • Digital payments: Budget may give sops to PoS, micro ATM makers Jan 25, 2017 07:40 AM IST

    Digital payments: Budget may give sops to PoS, micro ATM makers

    According to sources, the government may cut or eliminate excise duty on manufacturing of micro ATMs, finger print readers, biometric cards and PIN cards.

  • ATM theft or chain snatching, your insurer will cover it Jan 21, 2017 01:57 PM IST

    ATM theft or chain snatching, your insurer will cover it

    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.

  • Yes Bank launches customisable savings account Jan 17, 2017 05:10 PM IST

    Yes Bank launches customisable savings account

    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.

  • Cash supply improves; ATMs dispensing nearly Rs 7,000 cr a day Jan 17, 2017 01:46 PM IST

    Cash supply improves; ATMs dispensing nearly Rs 7,000 cr a day

    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.

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